Entrepreneurship Sample
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1 Entrprnurship
2 Po who start and/or oprat a businss Who ar Entrprnurs? Individuals who discovr arkt nds and launch nw firs to t thos nds Risk takrs who provid an iptus for chang, innovation, and progrss All activ ownr-anagrs (foundrs and/or anagrs of sall businsss) Po who introduc a nw product in an xisting organisation Th ownr of an ntrpris who by RISK and INITIATIVE attpts to ak a profit (Collins English Dictionary)
3 Entrprnurship is 2 An activity which lads to th cration and anagnt of a nw organisation dsignd to pursu a uniqu, innovativ opportunity (Hindl & Rushworth, 2000) Th act of bing ntrprising in pursuit of a spcific opportunity by stting up a nw vntur 1 3 About using ntrpris to crat nw businss, nw businsss and 'can-do' organisations and srvics (Nixon, 2004) Rad or: Chaptr 1 in Book Burns: Entrprnurship and Sall Businss
4 Privat Sctor Entrprnurship Exas of Privat Sctor Entrprnurship: Stv Jobs and Stphn Wozniak (Ap Coputr) Arthur Fray and Spncr Silvr (Post-it Nots) Otto Wichtrl (Soft Contact Lnss) Gidon Sundback (Zippr) Orvill and Wilbur Wright (Aroan) Susan Brown (Boppy Nursing Cushion) P.T. Barnu (Circus) Ingvar Kaprad (IKEA)
5 Corporat Sctor Entrprnurship Th dvlopnt of nw idas and opportunitis within larg or stablishd businsss, dirctly lading to th iprovnt of organisational profitability and an nhancnt of coptitiv position or th stratgic rnwal of an xisting businss Exas of Corporat Sctor Entrprnurial culturs: Xrox Googl Gail Sony Playstation Draworks Rad or: Chaptr 14 in Book Cartr & Jons-Evans: Entrpris and Sall Businss
6 Public Sctor Entrprnurship Th procss that xists within th public sctor organisation that rsults in innovativ activitis such as th dvlopnt of nw and xisting srvics, tchnologis, adinistrativ tchniqus, and nw iprovd stratgis, risk taking and productivity Exas of Public Sctor ntrprnurship: Charls A. Hufnagl with th Artificial Hart Valv Grat Orond Strt Hospital for Childrn Dloitt s GovLab Allianc for Innovation
7 Entrpris is.. An initiativ undrtakn that rquirs th quality of boldnss along with th ability to tak calculatd risks that rsult in valu cration. Anothr na for a businss. You will oftn co across th us of th word whn rading about start-ups and othr businsss "Sion Cowll's ntrpris" or "Michll st up hr succssful ntrpris aftr laving taching". A dscription of a businss or prsonal trait that can b found in an ntrprnur. ILM Handout Entrpris on our Moodl rsourcs
8 Coparison Srial Entrprnurs, Intraprnurs & Ownr-Managrs Charactristics Bhaviour Srial Entrprnur Sks to discovr futur opportunitis A crator who initiats/otivats th procss of chang Crat nw ntrpris (spin-offs) Idntifis appropriat xit stratgis Dvlop copany ntworks Accpts risks Larning fro istaks Confidnc to xors th nxt businss Ladrship, initiats nw ways of acting Cration of nw Entrpris Intraprnur Crats idas for iprovnt Donstrats financial rstraint Facilitats th fir s businss portfolio Build a rputation/atosphr rsulting in a syst of coopration. Crat a cliat whr oys achiv a gratr dgr of fficincy by rducing suprvision Avrsion to risk-taking Rational dcision- akr. Exoits businss Crats and aintains coptitiv advantag Crats trust to nhanc coopration Suprvision of th adinistrativ procss Ownr - Managr Capital ownr: sharholdrs Assus both th ntrprnurial and anagrial functions. Avrsion to risk-taking Asssss altrnativs Choic of vntur assts Rol
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