ADM 1100 Chapter Notes - Chapter 6: Terry Matthews, Intrapreneurship
11 Dec 2017
School
Department
Course
Professor
Document Summary
A person who seeks a profitable opp. and takes risks to set up. Have to have a drive to grow business and leverage resources. Managers use resources of organization to make profit and entrepreneurs try to get better resources. Classical entrepreneurs: sees business opp. and sets aside resources to gain access to market, start and grow business, ex. Serial entrepreneurs: a person who runs one business, then runs another and so on, ex. Social entrepreneurs: focused on growing institution for societies well being (not for profits, ex. Being your own boss, financial success, job security, quality of life. Globalization: rapid globalization= more opp. for entrepreneurs, ppl learn to sell to others in diff countries, being able to sell across the world. Education: internships, exploding info and data require new types of education for new types of careers. Technology: creates new ideas, drives costs down.
