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Chapter1Introduction ToEntrepreneurshipBruce R BarringerR Duane Ireland11EntrepreneurshipSuccessfully

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Chapter1Introduction ToEntrepreneurshipBruce R BarringerR Duane Ireland11EntrepreneurshipSuccessfully
Chapter
1
Introduction to
Entrepreneursh
ip
Bruce R. Barringer
R. Duane Ireland
1-1

Entrepreneurship
Successfully Launching New Ventures
Text Book
Author: Bruce R Barringer
R. Duane Ireland

Part I- Decision To become an Entrepreneur
Chapter

1:
Introduction to Entrepreneurship
Introduction

to an
Entrepreneurship
Entrepreneurship Importance
The Entrepreneurial Process

Introduction to Entrepreneurship
There is tremendous interest in entrepreneurship around the world.

According to the GEM
2008 study, about 300 million people, or 12.5%, of the adults in the 40 countries surveyed, are involved in forming new businesses.

1-4

What is Entrepreneurship?
(3 of 3)

eBay Case

Pierre Omidyar
Founder of eBay

All these qualities were exemplified by Pierre Omidyar, the founder of eBay. Omidayar saw an opportunity to create a marketplace where people could find each other online, he risked his career by quitting his job to work on eBay full time, and he worked hard to build a profitable company that delivers a creative and useful service to its customers.

1-5

Introduction to an Entrepreneurship
 What

is Entrepreneurship?

◦ eBay the classic Entrepreneurial story
◦ Entrepreneurship definition
 French word
 Entre
Between, Prendre
To take on
 The word usually descries people who take on the risk between Buyers & Sellers or who “Undertake” a task to such as starting a new Venture.





as
Inventor & Entrepreneur differ se
Inventor
Creates new concept or Product m Entrepreneur assembles & then integrates bl all the recourses needed (Money, People, Business Model, esModeling) to transform Invention into a Viable
Strategy, Risk
Business.

Entrepreneurship definition

 Entrepreneurship is the process by which individual pursue opportunities without regards to resources they currently controlled.
 IDENTIFYING OPPORTUNITIES & PUTTING USEFUL IDEAS INTO
PRACTICES
 The Task called for this behavior can be accomplished by
 Individual or a Group and typically

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