GMS 200 Chapter 6: Chapter 6 - Entrepreneurship & Small Business

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

Document Summary

Entrepreneurship is dynamic, risk taking, creative, growth oriented behaviour. Result in the creation of new opportunities. Entrepreneur: willing to pursue opportunities in situations other view as problem or threats. Starts new ventures that bring to life new products or services ideas. Entrepreneurs each built successful long term business from good ideas and hard work. Anyone who assumes responsibility for introducing a new product or change in operations within organizations also demonstrates the qualities of entrepreneurship. Tend to share certain attitudes and personal characteristics. Confident, determined, resilient, adaptable and driven by excellence. Combination of creative production and enterprise control is characteristic of people who want to start things and more things toward a goal. Women in canada make up a larger share of the self employed population with over one third of self employed canadians. Fewer than 100 employees are categorized as being small, organizations with 100 500 employees are regarded as medium sized enterprise.