ENTREPRENEURSHIP Chapter 01 Nature And Development Of Entrepreneurship

ENTREPRENEURSHIP Chapter: 01 Nature And Development Of Entrepreneurship www. Assignment. Point. com

The Nature and Development of Entrepreneurship The word “entrepreneur” stems from French, means “between-taker” or “go between. ” Our definition involves four aspects: 1. The creation process. 2. The devotion of time and effort. 3. The assumption of risk. 4. Rewards of independence, satisfaction, money. www. Assignment. Point. com

Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence. www. Assignment. Point. com

The Entrepreneurial Decision Process www. Assignment. Point. com

Entrepreneurial Decision Process refers to the decision to leave a present career or lifestyle (to pursue that ‘big idea’) due to: Unpleasant work environment Disruption Completion of educational degree. How will the completion of your educational program influence your entrepreneurial decision process? Got any ‘big ideas’? www. Assignment. Point. com

Types Of Start-ups www. Assignment. Point. com

There are 3 types of startup ventures: 1. A lifestyle firm exists primarily to support the owners and usually has little growth opportunity. 2. Foundation companies are firms created from research and development that lay the foundation for a new industry. 3. High powered ventures (“gazelles”) are new companies that receive the greatest interest and publicity. www. Assignment. Point. com

Types of skills required in Entrepreneurship www. Assignment. Point. com

Types of Skills Required in E’ship Technical Writing Business Management Planning Oral Decision Making Communication Personal Inner Control Risk Taking Monitoring the Environment Human Relations Innovative Using Technology Marketing (Selling) Changeoriented visionary www. Assignment. Point. com