BAM101 Chapter Notes - Chapter 1: Intrapreneurship, Financial Statement, Limited Liability
Document Summary
Approximately 7. 7 billion individuals are employed by small businesses, 100 000 thousand jobs are created by small businesses per year, 98% of businesses in canada have from 1-99 employees. Every year numerous businesses are started; this being called ventures. Ventures large or small create jobs, which are great for canada"s economy. Especially at a time where established firms are trying to replace jobs through technology. Intrapreneur: creative, innovative people employed at a large entity. Intrapreneurs have large resources from their company however their vision may end up being influence by their superiors due to corporate hierarchy. (ladder system) The key roles of intrapeneurs are to help companies meet the changing needs of the market. Entrepreneurs see a need, underserved market, or a way of improving a market. They often have a drive that coupled with tolerance for uncertainty and risks help them deliver their product or service to the market.
