MGM 1 - entrepreneurship I notes

MGM 1 - entrepreneurship I notes - MGM1Entrepreneurship1...

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MGM 1 – Entrepreneurship 1 1. Todd – toy’s company Ways: - taking chances by buying $500,000 baseball to gain networks  and license for the  figures 2. small businesses No restriction because you are your own boss Barrier to entry is not high because a little starting up-cost is required Difference between small and large business: capital constraint in small business;  opportunities is limited in smaller businesses; also, you have to be multi-tasking in small  business while in large business, you are specialized to do something specific (your  specialization).  3. entreprenerurship:  Ways to enter market: new product or improved existing product If you are an entrepreneur, you are both: owner and manager Major – critical characteristic of entrepreneur: risk-taker Non-profit organization: social entrepreneur 4. small business vs entrepreneurial business:
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This note was uploaded on 04/25/2010 for the course MANAGEMENT MGM 100 taught by Professor Appleyard during the Fall '10 term at University of Toronto.

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MGM 1 - entrepreneurship I notes - MGM1Entrepreneurship1...

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