Entrepreneurial Discovery 2 01 What is entrepreneurial discovery
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Entrepreneurial Discovery 2. 01
What is entrepreneurial discovery? �An unexpected, yet valuable economic opportunity. �Examples: �Founding a new firm �Creating a new product line �Developing an innovative technology
Contributions to Society �Entrepreneurial discovery benefits society by: �Turning demand into supply �Provide jobs (increased productivity) �Change society �More efficient use of resources �Charitable contributions �New, innovative products
Changes that encourage Entrepreneurial discovery �Technological changes �Political changes �Legal changes �Regulatory changes �Social changes �Demographic changes
Activities �Guided Practice – Identify ways the following types of change have led to entrepreneurial discovery � Political change – election of a new President � Social change – majority of mothers and fathers working outside the home � Demographic change – use of Spanish language increasing rapidly in U. S. �Independent Practice –Identify a change occurring in your community that has encouraged entrepreneurial discovery. Determine what type of change it is (e. g. technological, political, legal, social, demographic, etc. ), and identify new businesses or products that have been developed in response to that change.
