GMS 200 Lecture Notes - Lecture 6: Venture Capital, Marketing Strategy, Cash Flow

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Entrepreneurship is a risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations. An entrepreneur is willing to pursue opportunities in situations others view as problems or treats. It"s an individual who is very self-confident, determined, resilient, adaptable, and driven by excellence. Childhood and family environment seem to make a difference. Evidence links entrepreneurs with parents whom were self-employed. Entrepreneur who try one venture often go on to others. Prior work experience in the business area is helpful. They emerge during certain windows of career opportunities (22-45 yrs. old) They have strong interests in enterprise control: enjoyment of running things. 2. those who are driven by the quest for new opportunities, and those who are driven by the absolute need. Those who are driven by the absolute need pursue necessity-based entrepreneurship; they start new ventures because they have few or no other employment and career options.