GMGT 1010 Lecture Notes - Lecture 3: Manulife, Capital Good

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Social entrepreneurs are people who use business principles to start and manage non-profit organizations and help address social issues. Rise up through the ranks of large companies (ex: rbc, manulife financial) Provides with you benefits (paid vacation time, health benefits, etc) Start your own business and become and entrepreneur. You take the risk (may be great financial rewards, but many new businesses fail) Need to find something that you love to do. Small businesses and entrepreneurs contribute enormously to the canadian economy. The importance of entrepreneurs to the creation of wealth: Five factors that contribute to wealth are called factors of production. Factors of production: the resources used to create wealth. Used to make homes, cars, and other products. People have always been an important resource in producing goods and services, but many people are now being replaced with technology. Machines, tools, buildings, and other means of manufacturing in the production of goods does not include money.