What is entrepreneurshipthssbusiness.com/entrepreneurship-12/what-is-entrepreneurship.pdf ·...
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What is entrepreneurship? Entrepreneurs are people who take hold of opportunities when they see them. They are willing to assume calculated risks as they look for ways to satisfy the needs and wants of others through innovation. CEED's Definition of Entrepreneurship: Entrepreneurship is a way of life. It is a process by which we identify and act upon opportunity to create something of value under conditions of risk and considerable uncertainty. Entrepreneurs draw upon the personal characteristics, skills, attitudes and resources they possess or obtain to bring vision to life. e-Myth: Entrepreneurs work on their business rather than in it. UVIC working definition: Entrepreneurs cause a transaction to succeed which would have failed due to transaction costs What is intrapreneurship? Intrapreneurship is entrepreneurship that occurs within an existing organization or corporation. The “Top 10” Characteristics • Have a spirit of adventure • Have a strong need to achieve and seek personal achievement • Be self-confident and self-reliant • Be goal-oriented • Be innovative, creative, versatile • Be persistent • Be hardworking and energetic • Have a positive attitude • Be willing to take the initiative • Have a strong sense of commitment Skills Important for Entrepreneurship • Creative thinking • Identify opportunities • Research • Planning • Decision making • Organization • Communication-listen, speak, write • Network • Negotiate • Team building • Market their ideas • Financial management
Transcript of What is entrepreneurshipthssbusiness.com/entrepreneurship-12/what-is-entrepreneurship.pdf ·...
What is entrepreneurship?
Entrepreneurs are people who take hold of opportunities when they see them. They arewilling to assume calculated risks as they look for ways to satisfy the needs and wants ofothers through innovation.
CEED's Definition of Entrepreneurship:Entrepreneurship is a way of life. It is a process by which we identify and act uponopportunity to create something of value under conditions of risk and considerableuncertainty. Entrepreneurs draw upon the personal characteristics, skills, attitudes andresources they possess or obtain to bring vision to life.
e-Myth:Entrepreneurs work on their business rather than in it.
UVIC working definition:Entrepreneurs cause a transaction to succeed which would have failed due to transactioncosts
What is intrapreneurship?
Intrapreneurship is entrepreneurship that occurs within an existing organization orcorporation.
The “Top 10” Characteristics
• Have a spirit of adventure• Have a strong need to achieve and seek personal achievement• Be self-confident and self-reliant• Be goal-oriented• Be innovative, creative, versatile• Be persistent• Be hardworking and energetic• Have a positive attitude• Be willing to take the initiative• Have a strong sense of commitment
Skills Important for Entrepreneurship• Creative thinking• Identify opportunities• Research• Planning• Decision making• Organization• Communication-listen, speak, write• Network• Negotiate• Team building• Market their ideas• Financial management
• Recordkeeping• Strategic planning• Goal setting
Characteristics of Entrepreneurial Ventures
• FOR-PROFIT/NOT-FOR-PROFIT• LARGE SCALE/SMALL SCALE• SERVICE PRODUCTION/GOODS PRODUCTION• PHYSICAL/VIRTUAL• LOCAL/PROVINCIAL/NATIONAL/INTERNATIONAL
Entrepreneurship: involves the recognition of opportunities (needs, wants, and problems) and the
gathering of resources in order to create a successful venture. is about finding a niche in the market. is important for the well-being of society. ventures can have many characteristics. ventures benefit from technology.
is an increasingly common way of earning a living. (i.e., Intrapreneurship) helps larger companies be creative, responsive, and
competitive. Entrepreneurship can come from modification of existing market concepts. Entrepreneurs are shaped by both inherited characteristics and experience.
General ResourcesEntrepreneur Magazine http://www.entrepreneur.comProfit guide http://www.profitguide.com (sign up for their email newsletter)http://www.ceed.infohttp://www.planetentrepreneur.comhttp://www.entrepreneurship.comForum for Women Entrepreneurs and Executives http://www.fwe.orgWomen Entrepreneurs of Canada http://www.wec.ca
Social EntrepreneurshipGrameen Foundation USA http://www.grameenfoundation.orgAshoka http://www.ashoka.org/home/index.cfmThe Institute for Social Entrepreneurs http://www.socialent.orgSocial Enterprise Alliance http://www.socialent.org
