RSM100Y1 Chapter Notes - Chapter 6: Social Entrepreneurship, Job Security, Intrapreneurship
Document Summary
Entrepreneur: person who seeks profitable opportunity and takes the necessary risks to set up and operate a business. Main responsibility = using resources to accomplish their goals (major goals = expansion and growth) Classic entrepreneur: person who sees a business opportunity and sets aside resources to gain access to that market. Serial entrepreneur: person who starts one business, runs it, and then starts and runs more businesses, one after another. Social entrepreneur: person who sees societal problems and uses business principles to develop new solutions. 6. 3 reasons for entrepreneurship as a career path. > lifestyle entrepreneur: person who starts a business to reduce work hours and create a more relaxed lifestyle. > more educational opportunities offered to would-be entrepreneurs today. > low cost technology helps small businesses compete with large companies. > increased the number of homepreneurs (entrepreneurs who run home-based businesses) > social networking helps reach more customers and grow faster.
