AEM 123 review session-1 - Click to edit Master subtitle...

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Unformatted text preview: Click to edit Master subtitle style 8/12/10 AEM 1230 Review + AEM 1230 Review Session Brought to you by: Michelle Bitman & Alan Christophe 8/12/10 AEM 1230 Review 8/12/10 AEM 1230 Review Session + Overview of Todays Session n Reiterate the important concepts Professor Perez mentioned during class n Rid any uncertainties about Wednesdays exam n Give a straightforward review session by going through the important facts of each chapter 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + Chapter 1 A Field-And An Activity n The 5 key phases of the entrepreneurship process n Intrapreneurs/Entrepreneurs n Macro/Micro n Sources of Knowledge About Entrepreneurship 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + 5 Key Phases of Entrepreneurship n Recognition of an Opportunity-potential to create something new (changes in technology, product or services) n Deciding to proceed and assembling the essential resources-basic information, human resources, financial resources n Launching a new venture-choosing the legal form, establishing roles of top 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + Intrapreneur/Entrepreneur n Intrapreneur-persons who create something new inside an existing company rather than through the route of founding a new venture n Macro-top down perspective that seeks to understand the entrepreneurship process by focusing largely on environmental factors n Micro- A bottom-up perspective that seeks to understand the entrepreneurial process by focusing on the behavior and thoughts of individuals 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + Sources of Knowledge About Entrepreneurship n Observation, Reflection, and Experimentations n Systematic observation (gathering appropriate data in a careful and systematic observation)-Hypothesis/Experimentation/Case Method Theory 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + Chapter 2 Uncovering Opportunities: n Sources of Opportunities: The Origins of New Ventures-Technological Change/Political and Regulatory Change/Social and Demographic Change n R&D intensity, knowledge spillovers, locus of innovation n Opportunities and New Firms n Industry Life Cycles-Birth/Maturation/ Death of Industries 8/12/10 AEM 1230 Review Session 8/12/10 AEM 1230 Review Session + Sources of Opportunities n Technological Change-make it possible for people to do things in new and more productive ways (most important source of valuable entrepreneurial opportunities) n Political and Regulatory Change- redistribute wealth from one person to another. Makes it possible to develop business ideas in new ways that are more productive n Social and Demographic change-change in peoples...
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AEM 123 review session-1 - Click to edit Master subtitle...

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