GMS 200 Lecture 10: lecture 10
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GMS 200 Full Course Notes
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Entrepreneurship strategic thinking and risk taking behav results in creation of new opp for indiv and/ org. come up w/ idea and make profit. don"t always have to set up new company to be entrepreneur. modify/ change process = bring in more money. shareholders are not entrepreneur b/c they are supporting and putting in idea/ venture not involved in everyday working of comp. comes up w/ idea and take risk of running their idea. risk taking indiv who take actions to pursue opp and situations others may fail to recog or may view as probs or threats. Invest time, and money to contact vendors, links on home pg work. Founders of large comp/ business and hire ppl. ppl who: buy local franchise outlet, open small retail shop, operate a self employed service business.