GMS 200 Lecture Notes - Lecture 6: Alibaba Group, Force Works, Muhammad Yunus

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

Lecture 6 class notes: the nature of entrepreneurship. Strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations. Risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats: the nature of entrepreneurship. Founders of businesses that become large-scale enterprises. People who: buy a local franchise outlet, open a small retail shop, operate a self-employees service business. People who introduce a new product or operational change in an existing organization (also known as intrapreneurs: the nature of entrepreneurship. Figure 5. 2 personal traits and characteristics of entrepreneurs: the nature of entrepreneurship. Have tried more than one business venture. Become entrepreneurs between 22 and 45 years of age. Have strong interests in creative production and enterprise control. Seek independence and sense of mastery: the nature of entrepreneurship. Reasons for women and member of visible minorities becoming entrepreneurs: