GMS 200 Lecture Notes - Lecture 9: Force Works, Sole Proprietorship, Intrapreneurship

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamediele Adukunle

Document Summary

Gms 200 entrepreneurship and small business fn--> self efficiency (chen et al 1998) locus of control (rotter 1966) Harper (2003) =fn (loc ;(roter 1966) and se: cornerstone hypothesis. Local economy oder (online;e-commerce) shipping is free (canada post/ can return if not satisfied) Heathers natural soap (guelph) / carriage 44 (mtl) --(both product based) Definition of entrepreneurship -characteristics of small business -starting a new venture. Strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations. Entrepreneurs: risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats. Internal locus of control -high energy level -high need for achievement -tolerance for ambiguity. Self-confidence -passion and action-orientation -self-reliance and desire for independence. Entrepreneurship can be a function of self efficiency (chen, 1998) and locus of control (rotter 1966) Self efficiency : competence -locus of control : contingence.