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Lecture 10

lecture 10

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Global Management Studies
GMS 200
Shavin Malhotra

Lecture 10: Entrepreneurship Internet easy for entrepreneurship Entrepreneurship strategic thinking and risk taking behav results in creation of new opp for indiv and org Come up w idea and make profit Dont always have to set up new company to be entrepreneur Modify change process = bring in more money Use resources better Shareholders are not entrepreneur bc they are supporting and putting in idea venture not involved in everyday working of comp Comes up w idea and take risk of running their idea Risk taking indiv who take actions to pursue opp and situations others may fail to recog or may view as probs or threats Invest time, and money to contact vendors, links on home pg work Founders of large comp business and hire ppl Publically listed comp (Walmart, Microsoft) Ppl who: o Buy local franchise outlet o Open small retail shop o Operate a self employed service business Ppl who intro a new product or operational chage in existing o irgtaprenuers o Ken Kurtiargi: Inventor of playstation Life style small entrepenur s want flexible routine (Daycare at home), suit their lifestyles Gazelle or high growth contribute to large comp 40% of economic growth attributed to entrepu resrow at faster rate Money not problem good idea = money will come
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