Entrepreneurship is the process by which entrepreneurs and their entrepreneurial partners optimise and integrate the resources they have or can have through their efforts to create greater economic or social value.
Compared to the United States, the so-called "family business" has become deeply entrenched in a significant number of private enterprises in China.
Bayerische Motoren Werke AG is a world-renowned German manufacturer of premium automobiles and motorbikes, headquartered in Munich. BMW's history began in 1916 as an aircraft engine manufacturer, then as a limited liability company in 1917, and in 1918 The company was renamed Bavarian Engine Building AG and went public in 1918.