Blank Chapter 1 Notes

Blank Chapter 1 Notes - Chapter 1 Introduction to...

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Chapter 1 Introduction to Entrepreneurship ***Highlighted = Notes on Exam 1 Study Guide**** Entrepreneurship - ___________________________________________________________________________________________ ________ ___________________________________________________________________________________________ _______________________________ Inventors and entrepreneurs differ from one another. : An inventor ____________________________________. An entrepreneur ______________________________________________________________________________________ ___________ ______________________________________________________________________________________ _______________________________ Corporate entrepreneurship - _________________________________________________________________________________________ Characteristics of Entrepreneurial Organizations: 1. Risk-Taking – acceptance of calculated risks in the pursuit of market opportunities 2. Autonomy – freedom of empees to take actions free from organizational constraints 3. Proactive – first to market with new products/services 4. Competitive Aggressiveness – propensity to actively take actions to outperform competitors 5. Innovation – creation of commercial products/services Why Become an Entrepreneur? 1.
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Blank Chapter 1 Notes - Chapter 1 Introduction to...

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