EMGT5130_CH1 - EMGT5130 New Business Development CHAPTER 1....

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New Business Development EMGT5130 CHAPTER 1. Economic Growth and Technology Entrepreneur
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Table 1.1. Important new enterprises that started or emerged from 1973 to 2005 Amazon.com Amgen Apple computer Cisco Conservation International Dell Computer Doctors Without Borders/ Medecins Sans Frontieres eBay Federal Express (FedEx) Intel Microsoft Nature Conservancy Nokia Corporation Qualcomn Southwest Airlines Starbucks Virgin Group Wal-Mart Genentech
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Who is the Entrepreneur? - Creates an enterprise that has the chance of success - Accumulates and manage knowledge - Mobilizes resources to achieve a specified business - Seeks the opportunity to commercialize new products John D. Rockefeller; Andrew Carnegie; Thomas Edison (GE); Steve Jobs and Steve Wozniak (Apple Computer). E-ship is focused on the creation of a new enterprise that serves society and makes a positive change . Entrepreneurs  are people who identify and pursue solutions among problems,  possibilities among needs, and opportunities among challenges.
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For an entrepreneur, a  challenge  is a call to respond to a  difficult task and the commitment to undertake the required  enterprise. Who is the Entrepreneur?
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Table 1.3. Eight skills of entrepreneurship Initiate and operate a purposeful enterprise Operate within the context and industrial environment at the time of initiation Identify and screen timely opportunities Ability to accumulate and manage knowledge and technology Ability to mobilize resources – financial, physical, and human Ability to access and mitigate uncertainty and risk associated with the initiation of the enterprise Ability to provide an innovative contribution or at least a
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This note was uploaded on 09/30/2011 for the course EGMT 5130 taught by Professor Jeong during the Fall '10 term at UH Clear Lake.

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EMGT5130_CH1 - EMGT5130 New Business Development CHAPTER 1....

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