GMS 200 Chapter Notes - Chapter 5: Visible Minority, Takers, General Partnership

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Entrepreneurship involves risk taking behaviour, leading to opportunity. They are in control of their destiny. Entrepreneurs are risking individual who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats. Founders of businesses that become large scare enterprises. People who introduce a new product or operational change in an existing organization. Become entrepreneurs between 22 and 45 years of age. Have strong interests in creative production and enterprise control. Reasons for women and member of visible minorities becoming entrepreneurs: Provide a pathway to career success that may be blocked otherwise. You have to be young to be an entrepreneur. You must have a degree in business to be an entrepreneur. 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. 48 percent of the private labour force works in small businesses.