Chapter_02 - Chapter 2 Entrepreneurial Behaviors and...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Copyright Atomic Dog Publishing, 2006 Chapter 2 Entrepreneurial Behaviors and Attitudes
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright Atomic Dog Publishing, 2006 2-1 Introduction Entrepreneurship and new venture creation often involve a great deal of risk and personal sacrifice, especially in the first couple of years of operating a new business. The majority of business start-ups fail within their first five years. No business can survive for long today without constantly reinventing itself, developing new markets, and implementing more efficient internal processes. Entrepreneurs and small business owners must rely on their own resolve and resiliency to try and try again until they achieve success.
Background image of page 2
Copyright Atomic Dog Publishing, 2006 2-1 Introduction (cont.) A manager working within an organization will also need entrepreneurial skills to help his or her division and company succeed. - Entrepreneurial skills are many, but they center on the ability to: Seize opportunities Deal with uncertainty Gather necessary resources Organize business processes to pursue specific goals
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright Atomic Dog Publishing, 2006 2-2 The Entrepreneurial Personality Years of scholarship to identify the essential ingredients of an effective entrepreneurial personality have yielded little agreement. Despite the lack of agreement, some characteristics of entrepreneurs and entrepreneurship are consistently portrayed and cited as important elements of entrepreneurial success. Individuals who elect to become entrepreneurs rather than enter into a corporate career path either have or develop skills that help them in launching and growing businesses.
Background image of page 4
Copyright Atomic Dog Publishing, 2006 2-2a The Individual Entrepreneur “The entrepreneur is a person who shifts economic resources out of an area of lower and into an area of higher productivity and yield.” - J. B. Say, French economist. However Say’s definition does not tell us who this entrepreneur is. The commonplace definition of the entrepreneur is a person who starts his or her own new and small business. Entrepreneurs serve customers in new ways, enter underserved markets, and exploit opportunities that others have missed—this is what entrepreneurship means.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright Atomic Dog Publishing, 2006 2-2a The Individual Entrepreneur (cont.) Research into the personality of entrepreneurs continues, but the focus now is on what traits are useful in which contexts. - Research has become more refined, reflecting the belief that there is not a single entrepreneurial “type” but that different behaviors, thoughts, and attitudes are more or less effective depending on the entrepreneurial context. Context
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 25

Chapter_02 - Chapter 2 Entrepreneurial Behaviors and...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online