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INTRODUCTION TO ENTREPRENEURSHIP - Coggle Diagram
INTRODUCTION TO ENTREPRENEURSHIP
WHAT IS ENTREPRENEURSHIP?
ACADEMIC DEFINITION
A PROCESS BY WHICH INDIVIDUALS PERSUE OPPORTUNITIES WITHOUT REGARD TO RESOURCES THEY CURRENTLY CONTROL
ALTERNATIVE VIEW
IT IS AN ART OF TURNING AN IDEA INTO A BUSINESS
EXPLANATION OF WHAT ENTREPRENEURS DO
THEY ASSEMBLE, INTEGRATE ALL RESOURCES NEEDED SUCH MONEY, PEOPLE AND IDEA
CORPORATE ENTREPRENEURSHIP
ENTREPRENEURIAL FIRMS
PROACTIVE
INNOVATIVE
RISK TAKING
CONSERVATIVE FIRMS
MORE TO WAIT AND SEE
LESS INOVATIVE
RISK AVERSE
CHARACTERISTIC OF SUCCESFULL ENTREPRENEURSHIP
PASSION FOR BUSINESS
PRODUCT /CUSTOMER FOCUS
TENACITY DESPITE FAILURE
EXECUTION INTELIIGENCE
TYPES OF STARTS UP FIRM
LIFESTYLE FIRMS
ENTREPRENEURIAL FIRMS
SALARY SUBSTITUTE FIRMS
ECONOMIC IMPACT OF ENTREPRENEURIAL FIRMS
JOB CREATION
IMPACT TO SOCIETY WHICH MAKES LIFE MUCH EASIER
INNOVATION
IMPACT TO LARGER FIRM THAT MAKES THEM TO BE MORE PRODUCTIVE AND EFFECTIVE