08 BUS 444 Chap 8

8 3 recognizingentrepreneurial opportunities

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Unformatted text preview: ve reaction. 8-3 Recognizing Entrepreneurial Opportunities • Entrepreneurship the creation of new value by an existing organization or new venture that involves the assumption of risk. 8-4 Recognizing Entrepreneurial Opportunities • New value can be created in: Start-up ventures Major corporations Family-owned businesses Non-profit organizations Established institutions 8-5 U.S. Small Companies by Industry 8-6 Entrepreneurial Opportunities • Opportunity recognition the process of discovering and evaluating changes in the business environment, such as a new technology, socio-cultural trends, or shifts in consumer demand, that can be exploited. 8-7 Opportunity Analysis Framework 8-8 QUESTION The majority of entrepreneurial start-ups are financed with A. Bank financing B. Public financing C. Venture capital financing D. Personal savings and the contributions of family and friends 8-9 QUESTION The majority of entrepreneurial start-ups are finan...
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This note was uploaded on 03/05/2014 for the course BUS 444 taught by Professor Lynn during the Spring '11 term at Keuka.

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