RSM100Y1 Chapter Notes - Chapter 6: Entrepreneurship, Social Entrepreneurship, Newly Industrialized Country
Document Summary
Lu jiang (full) (this chapter describe the activities of entrepreneurs, the different kinds of entrepreneurs, and the reason more and more people are choosing to be entrepreneurs. It talks about the environment where entrepreneurs work, the characteristics that help entrepreneurs succeed, and how they start new ventures) [a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business] (a risk taker in the private enterprise system) Entrepreneurs are different from many small-business, because one of their major goals is expansion and growth (many small-business owners want to keep their businesses small) Entrepreneurs combine their ideas and drive with money, employees, and other resources to create a business that meets a need. Managers are employees who direct others to reach an organization"s goals. Owners of some small start-up firm work as owner-manager to carry out their plans for their businesses and to make up for human resource limitations at their new companies.
