RSM100Y1 Chapter 4: chapter 4
8 Feb 2012
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Labour force survey uses information from individuals to make estimates of employment and unemployment levels y. In some large companies, new ideas are discouraged. The role of small and new businesses in the canadian economy. Large businesses do have more employees, but small businesses as a group provide more jobs. Important as a source of job creation and for the introduction of new products and services y y mompreneurs = women who run businesses from their homes. Involves generating ideas for new (or improved) products, processes, or services, then screening those ideas so the ones that represent the best opportunity can be developed, and then developing the opportunity. Involves abandoning traditional assumptions about how things work and how they ought to be and involves seeing what others do not y. Lacking a competitive advantage or developing a competitive advantage that is not sustainable constitutes two fatal flaws of many new ventures: the idea is marketable and financially viable y.
