The foundations of Entrepreneursship

The foundations of Entrepreneursship - The foundations of...

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Click to edit Master subtitle style 4/25/11 The foundations of Entrepreneursship
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4/25/11 Entrepreneurship Entrepreneurship is the act of being an entrepreneur, which is a French word meaning "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". The process of uncovering and developing an opportunity to create value through innovation and seizing that opportunity without regard to either resources (human and capital) or the location of the entrepreneur—in a new or existing company (Churchill, 1992: 586).
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4/25/11 Entrepreneur An Entrepreneur (ahn’tra pra nur) is a person who recognizes a viable idea for a business product or service and carries it out. Any person (any age) who starts and operates a business is an entrepreneur. “Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” ~ Victor Kiam One who creates a new business in the face of
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4/25/11 Entrepreneurship Characteristics Commercial leanings Self-control Visionary tendencies. Risk-taking/appetite for uncertainty Persistence Doer/high initiative Charisma and extroversion
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4/25/11 Entrepreneurship Characteristics High-energy level Strong self-image Team building skills/uses contacts and connections Views failure as learning Commitment and fun
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4/25/11 Entrepreneurs vs. Managers Reward System - Doing what they like.Independence.
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The foundations of Entrepreneursship - The foundations of...

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