GMS 200 Chapter Notes - Chapter 5: Initial Public Offering, Strategic Thinking, General Partnership

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

Entrepreneurship: strategic thinking and risk-taking behaviour that results in new opportunities and new creations for individuals and/or organizations. Entrepreneur: is willing to pursue opportunities in situations others view as problems or threats; willing to step outside of their comfort zone. Founders of business that become large-scale enterprises. They are people who: buy local franchise outlet, open a small retail shop, operate a self-employed service business. People who introduce new product or operational change in an existing organization (intrapreneurs) Become entrepreneurs between the age of 22 and 45. Have strong interests in creative production and enterprise control. Why women and member of visible minorities become entrepreneurs: Provide pathway to career success that may be blocked. Money is the key to entrepreneurial success. You have to be young to be an entrepreneur. You must have a degree in business to be an entrepreneur. Social entrepreneurship: a unique form of ethical entrepreneurship that seeks novel ways to solve pressing social problems.