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10___

6 Pages
91 Views

Department
Global Management Studies
Course Code
GMS 200
Professor
Shavin Malhotra

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Lecture 10: Entrepreneurship
Internet easy for entrepreneurship
Entrepreneurship strategic thinking and risk taking behav results in creation of new opp
for indiv and/ org
Come up w/ idea and make profit
Dont always have to set up new company to be entrepreneur
Modify/ change process = bring in more money
Use resources better
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
Publically listed comp (Walmart, Microsoft)
Ppl who:
oBuy local franchise outlet
oOpen small retail shop
oOperate a self employed service business
Ppl who intro a new product or operational chage in existing org = intraprenuers
oKen Kurtiargi: Inventor of playstation
Life style small entrepenurs want flexible routine (Daycare at home), suit their
lifestyles
Gazelle or high growth contribute to large comp
40% of economic growth attributed to entrepures grow at faster rate
Money not problem good idea = money will come
www.notesolution.com
Lecture 10: Entrepreneurship
Mark zukerberg- - facdebook
oEntrepenture f/ young age
oStarted programming in middle school
oIn high school built pgm to help workers in dads office comm.
oAkso uilt music player called synapse
oRisk taking byt drop out of Harvard
oExpanded membership eligibility to employees in comp and then open to ppl
with valid email Sept 26 2006
oMoved international Dubin Irland = high energy level
oTrue to vision build comm. self confident
oDidnt launch shares b/c didnt want to dilute ownership
Typical characteristics
oHigh energy level
oHigh need for achievement (fame, recognition, money)
oTolerance for ambiguity
oself confidence
opassion and action oriented
oself reliance and desire for independence
oparents were entrepreneurs or self employed
ofamilies encouraged resp, initiative and independence
ohave tried more than one business venture
ohave relevant personal or career exp
obecome entrepreneurs b/ 22-45 years of age
oseek independence and sense of mastery
Small and Medium Sized businesses
www.notesolution.com

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Description
Lecture 10: Entrepreneurship Internet easy for entrepreneurship Entrepreneurship strategic thinking and risk taking behav results in creation of new opp for indiv and org Come up w idea and make profit Dont always have to set up new company to be entrepreneur Modify change process = bring in more money Use resources better Shareholders are not entrepreneur bc 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 Publically listed comp (Walmart, Microsoft) Ppl who: o Buy local franchise outlet o Open small retail shop o Operate a self employed service business Ppl who intro a new product or operational chage in existing o irgtaprenuers o Ken Kurtiargi: Inventor of playstation Life style small entrepenur s want flexible routine (Daycare at home), suit their lifestyles Gazelle or high growth contribute to large comp 40% of economic growth attributed to entrepu resrow at faster rate Money not problem good idea = money will come www.notesolution.com
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