Chapter 1 Entrepreneurship ENT 600
Are Entrepreneurs born or made ???
NHI 03/2015
Chapter 1: Entrepreneurship
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NHI 03/2015
Chapter 1: Entrepreneurship
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Chapter 1: Entrepreneurship
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WHO IS AN ENTREPRENEUR?
S Someone who brings resources, labor, materials and other assets into combination that makes their value greater than before.
changes , innovations .
S Someone who is driven by the need to experiment , accomplish, escape authority of others.
S Someone who finds better ways to utilize resources , reduce waste and produce jobs for others.
S An aggressive competitor .
S Someone who introduces
NHI 03/2015
DEFINITION OF ENTREPRENEURS
Entrepreneurs are individuals who actively form or lead their own business and nurture them for
growth and prosperity.
Chapter 1: Entrepreneurship
7
NHI 03/2015
WHAT IS AN ENTREPRENEUR?
The one who creates a new business in the face of
risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessar y resources to capitalize on them.
Chapter 1: Entrepreneurship
8
NHI 03/2015
DEFINITION OF ENTREPRENEURSHIP
Entrepreneurship
defined by Kuratko and Hodgetts
process of innovation and new venture creation through four major dimensions:
(2004) is a
individual
organizational
environmental
process
Chapter 1: Entrepreneurship
9
NHI 03/2015
DEFINITION OF ENTREPRENEURSHIP
Cont.
¡ Entrepreneurship is a dynamic process that involves change and creation .
¡ Entrepreneurship can be defined as the identification, evaluation and exploitation of previously unexploited opportunities. The focus is on creation of a new enterprise or business as well as the wealth associated with it.
Essential dimensions or ingredients include willingness to take calculated risk, the skill to apply creative solutions and new ideas and finally, being pro- active to act on opportunities while others are still confused or unaware of the potential at hand.
Chapter 1: Entrepreneurship
10
NHI 03/2015
NHI 03/2015
Chapter 1: Entrepreneurship
3
NHI 03/2015
Chapter 1: Entrepreneurship
4
Chapter 1: Entrepreneurship
5
WHO IS AN ENTREPRENEUR?
S Someone who brings resources, labor, materials and other assets into combination that makes their value greater than before.
changes , innovations .
S Someone who is driven by the need to experiment , accomplish, escape authority of others.
S Someone who finds better ways to utilize resources , reduce waste and produce jobs for others.
S An aggressive competitor .
S Someone who introduces
NHI 03/2015
DEFINITION OF ENTREPRENEURS
Entrepreneurs are individuals who actively form or lead their own business and nurture them for
growth and prosperity.
Chapter 1: Entrepreneurship
7
NHI 03/2015
WHAT IS AN ENTREPRENEUR?
The one who creates a new business in the face of
risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessar y resources to capitalize on them.
Chapter 1: Entrepreneurship
8
NHI 03/2015
DEFINITION OF ENTREPRENEURSHIP
Entrepreneurship
defined by Kuratko and Hodgetts
process of innovation and new venture creation through four major dimensions:
(2004) is a
individual
organizational
environmental
process
Chapter 1: Entrepreneurship
9
NHI 03/2015
DEFINITION OF ENTREPRENEURSHIP
Cont.
¡ Entrepreneurship is a dynamic process that involves change and creation .
¡ Entrepreneurship can be defined as the identification, evaluation and exploitation of previously unexploited opportunities. The focus is on creation of a new enterprise or business as well as the wealth associated with it.
Essential dimensions or ingredients include willingness to take calculated risk, the skill to apply creative solutions and new ideas and finally, being pro- active to act on opportunities while others are still confused or unaware of the potential at hand.
Chapter 1: Entrepreneurship
10
NHI 03/2015
References: ¡ Dorf,RichardC.,&Byers,ThomasH.(2005). Technology Ventures: From Ideas to Enterprise ¡ Davidsson,Per.(2005).Proceedings,Academy of Management Conference, Hawaii (http://eprints.qut.au/active/00002064 retrieved 25 June 2008) Chapter 1: Entrepreneurship