MGM102H5 Midterm: Test 1 Notes
Document Summary
Entrepreneurship is accepting the challenge of starting and running a business: what are the common reasons why people take the challenge of starting a new business, new idea, process, or product, independence, challenge. Intrapreneurs are creative people who work as entrepreneurs within corporations: define incubators. Incubators are centres that proved hands-on management, assistance, education, information, technical and vital business support services, networking resources, financial advice, as well as advice to seek financial assistance: describe the characteristics of a business establishment. Is incorporated and has filed a federal corporate income tax return at least once in the previous three years: describe an employer business. The product is not easily made by mass-manufacturing techniques. Sales are not large enough to appeal to a large firm. Entrepreneurship ii (innovation: describe a learning organization. Creativity is the generation of a novel idea or unique approach that solves a problem or crafts an opportunity: describe innovation. Process innovation results in better ways of doing things.
