GMS 200 Chapter Notes - Chapter 7: Infomediary, Social Entrepreneurship, Freemium

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Ramsoomair

Document Summary

Entrepreneurship risk taking behavior that results in new opportunities. Entrepreneur willing to pursue opportunities in situations others view as problems or threats. Necessity-based entrepreneurship takes place because other employment options don"t exist. Social entrepreneurship a unique form of ethical entrepreneurship that seeks novel ways to solve pressing social problems. Social enterprises have a social mission to help make lives better for underserved populations. 50% of the private labor force works in small businesses. Franchise a form of business where one business owner sells to another the right to operate the same business in a different location. Web-based entrepreneurship - the use of the internet to pursue and entrepreneurial venture. Family business owned and controlled by members of a family. Small business: o o o o o o o o. Family business feud occurs when a family has major disagreements over how a business should be run.