GMS 200 Lecture Notes - Lecture 10: Force Works, Limited Partnership, Visible Minority

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

Document Summary

Lecture 10 chapter 5: entrepreneurship of small business manager: the nature of entrepreneurship, entrepreneurship a. i. Strategic thinking and risk-taking behavior that results in the creation of new opportunities for individuals and/or organizations. a. ii. Is a powerful force driving innovation, productivity, job creation, economic growth, and social stability: example on google b. i. Began in january 1996 as a research project by larry page and sergey brin when they were both phd students at stanford: entrepreneurs c. i. Risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats: entrepreneurs are d. i. Founders of businesses that become large-scale enterprises. d. ii. People who introduce a new product or operational change in an existing organization: typical characteristics of entrepreneurs: e. i. Figure 5. 2 personal traits and characteristics of entrepreneurs. March 29, 2016 f. i: typical entrepreneurial backgrounds and experiences: g. i. Have tried more than one business venture. g. iv.