Chapter 6

Chapter 6 - Manter 1 Chapter 6 Chapter 6 Starting your Own Business The Entrepreneurship Alternative Entrepreneur person who seeks a profitable

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Manter 1 Chapter 6 Chapter 6 – Starting your Own Business: The Entrepreneurship Alternative Entrepreneur – person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Classic Entrepreneur – person who identifies a business opportunity and allocates available resources to tap that market. Intrapreneur – entrepreneurially oriented person who develops innovations within the context of a large organization. Change Agent (turnaround entrepreneurs) – manager who tries to revitalize an established firm to keep it competitive. Why People Become Entrepreneurs – Desire to be one’s own boss Desire to succeed financially Desire for job security Desire for an improved quality of life Factors supporting and expanding opportunities for entrepreneurs – Globalization Information Technology Education Demographic and Economic Trends Entrepreneurship affects the economy by – Creating major and minor inventions Creating new jobs Providing opportunities for women and minorities Gazelles – fast-growing start-up companies that have become the primary job creators in the U.S. Vision – overall idea for how to make their business idea a success.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/28/2010 for the course BUS 101 taught by Professor Hunter during the Spring '08 term at Bryant.

Page1 / 3

Chapter 6 - Manter 1 Chapter 6 Chapter 6 Starting your Own Business The Entrepreneurship Alternative Entrepreneur person who seeks a profitable

This preview shows document pages 1 - 2. Sign up to view the full document.

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