GMS 200 Chapter Notes - Chapter 6: Force Works, Strategic Thinking, International Business

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

Document Summary

operate a self-employed service business: people who introduce a new product or operational change in an existing organization. Typical characteristics of entrepreneurs: 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, flexibility. Figure 6. 1 personal traits and characteristics of entrepreneurs www. notesolution. com. Study question 2: what is special about small businesses: small businesses , ones with 100 or fewer employees, independently owned and operated, 50 percent of the private labour force works in small businesses, are established by: buying and running a franchise: entrepreneurship and the internet , the internet offers numerous entrepreneurial opportunities. dot-com businesses: businesses are limited only by personal creativity, business-to-business (b2b) ventures are possible. International business entrepreneurship : provides strategic opportunities for small businesses, creates exporting and importing opportunities, supported through appropriate governmental and non-governmental organizations.