Multiple theories form the basis of the conceptual domain of entrepreneurship. These theories of entrepreneurship have origins in economics, psychology, sociology, anthropology, and management. Prominent among these theories are the following:
Entrepreneurship is the practice of starting a new business or developing new products or services with the motive to generate profit. It is a difficult task which concerns not only production but also plays multiple roles in attracting consumers towards the product.
Leasing is a contract in which the owner of an asset (the lessor) grants exclusive rights to another person (the lessee) to use the asset for an agreed-upon period, in exchange for the payment of rent, referred to as lease rental.
Contingency theory of leadership advocates that leadership is strongly affected by the situation from which a leader emerges and in which he works. It is based on the assumptions that, an interaction exists between a group and its leader and that people tend to follow the person (known as leader) who is capable of fulfilling their aspirations.
The behavioural theory of leadership is an extension of the trait theory and is better in certain respects. The traits theory failed to explain the factors that contribute to effective leadership.
Theories of Leadership typically have evolved as norms, attitudes and understanding in the larger world have changed. These theories have developed over the years and explore several different facets of leadership and leadership behaviour.