MGM102H5 Study Guide - Final Guide: Jim Pattison, Irving Oil, Arthur Fry
Document Summary
Entrepreneurship accepting the challenge of starting and running a business. Entrepreneurship differs from small business in terms of: amount of wealth creation substantial wealth, speed of wealth creation rapid, risk high, innovation substantial innovation gives competitive advantage. Hamilton tire and garage ltd. canadian tire today. Looking for customers" needs and what they don"t need. Women entrepreneurs owners of smes tend to operate in the wholesale, retail and professional services. Small and medium-sized enterprises (smes) refers to all businesses with fewer than 500 employees. Reasons for the significant emergence of female entrepreneurs: Entrepreneurial team a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product. Intrapreneurs - creative people who work as entrepreneurs within corporations. Art fry - a 3m employee that created post-it notes.
