Rajat is a successful entrepreneur. He wants that his daughter Ananya should go to a formal educational Institution so that she can acquire, learn and develop the skill, knowledge and competency of becoming a successful entrepreneur as business is not so easy and simple. Identify characteristic of entrepreneurship discussed in the above para.

The correct option is Systematic Activity.

Explanation:
Entrepreneurship is not a matter of luck or a random, unstructured endeavor. It is a systematic activity because it requires a structured body of knowledge, specific skills, and competencies that can be acquired, learned, and developed through formal education and training.
In the given scenario, Rajat wants his daughter Ananya to attend a "formal educational institution" to "acquire, learn and develop the skill, knowledge and competency of becoming a successful entrepreneur." This directly highlights that entrepreneurship follows a systematic path of learning and application rather than relying solely on intuition or inherited traits.
Let us look at why other options are not the primary focus here:
- Risk taking: While entrepreneurship involves risk, the passage does not discuss Rajat or Ananya taking financial or operational risks.
- Innovation: The passage does not mention the creation of a new product, service, or process.
- Organisation of production: The passage does not discuss assembling resources like land, labor, or capital to start production.
Therefore, the emphasis on formal education to build skills and competency aligns perfectly with entrepreneurship being a Systematic Activity.