Entrepreneurship Essay Introduction

Entrepreneurship Essay Introduction-79
LECTURE NOTES ENTREPRENEURSHIP: AN EVOLVING CONCEPT I. Taken from the French “entre prendre,” means “to undertake.” B.An entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable/marketable ideas; adds value through time, effort, money, or skills; assumes the risks of the competitive marketplace to implement these ideas; and realizes the rewards from these efforts.This particular chapter begins with the definition and the proper introduction to entrepreneurship.

LECTURE NOTES ENTREPRENEURSHIP: AN EVOLVING CONCEPT I. Taken from the French “entre prendre,” means “to undertake.” B.An entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable/marketable ideas; adds value through time, effort, money, or skills; assumes the risks of the competitive marketplace to implement these ideas; and realizes the rewards from these efforts.

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Within each view, there are three “schools of thought.” According to the chapter, the “schools of thought” are considered to be a foundation for entrepreneurial theory.

Also, there are the process approaches: “integrative approach.” The Integrative approach is built around the concept of input to the entrepreneurial process and outcomes from the entrepreneurial process, which can determine the entrepreneurial intensity.

An individual’s understanding may be increased by many approaches.

Two specific approaches are “macro” and “micro” views.

It can be something as simple as the proverbial lemonade stand, however, it will give them a small taste of what it is really like to make decisions about their own business, which in the long run can either make them money or bankrupt the company.

One of the main conditions for the formation of competitive, strategic perspectives of the enterprise is its innovative activity.

The myths are present because of the lack of research within this particular field.

Also, the technology within this field is becoming more advanced and more widely known.

Innovation is the result of a collective effort, where success depends not only on the field of science and technology, but on a much broader range of industries and social environment.

The experience of successfully developing companies shows that today survive those, who can respond quickly accommodate to changes and is continually innovating.

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