Textbook Notes (367,756)
Canada (161,372)
MGTA01H3 (583)
H Laurence (25)
Chapter 3

Chapter 3 Study Guide

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Department
Management (MGT)
Course
MGTA01H3
Professor
H Laurence
Semester
Fall

Description
1 Chapter 3: Understanding Entrepreneurship, Small Business, and New Venture Creation Small Business: An owner managed business with less than 100 employees. New VentureFirm: a recently formed commercial organization that provides goods andor services for sale. Entrepreneurship: the process of identifying an opportunity in the marketplace and accessing the resources needed to capitalize on it. Entrepreneurs: people who recognize and seize opportunities. Private Sector: the part of the economy that is made up of companies and organizations that are not owned or controlled by the government. THE ENTREPRENEURIAL PROCESS The Entrepreneur: Important is not who the person is but what the person does www.notesolution.com
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