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entrepreneurship and entreprise - Coggle Diagram
entrepreneurship and entreprise
What are the different types of entrepreneurs?
Classic entrepreneurs
Multipreneurs
Intrapreneurs
What is entrepreneurship ?
entrepreneurship is the manifest ability and willingess of individuals, on their own, in teams, within and outside existing organizations, to:
Introduce their ideas in the market
Preceive and create new economic opportunities
Learning objectives
What characteristics do successful entrepreneurs share ?
Why do people become entrepreneurs ?
What are the different forms of businesses ?
What are the different types of entrepreneurs ?
What set managerial skills is necessary for managerial success ?
What are the four functions of management within organizations ?
What is entrepreneurship ?
Why do people become entrepreneurs ?
*Opportunity-driven entrepreneurship is when one actively
chooses "to start a new entreprise based on the perception
that an unexploited or underexploited business opportunity
exists"
*Neccessity-driven entrepreneurship is when one "becomes
an
entrepreneur because he or she has no better option"
What are the four functions of management within organizations ?
Human relations skills
Interpersonal skills managers use to accomplish goals through the use of human resources
Technical skills
Special areas of knowledge and expertise and the ability to apply them.
Conceptual skills
The ability to view the organization as a whole, understand howthe various parts are interdependent, and assess how the organization relates to its exernl environment
What are the different forms of businesses ?
Other forms of businesses
Joint ventures
Two oe more companies form an alliance to pursue a specific project, usually for specified time periode
Franchising
A franchise agreement is a contract that allows the franchise to use the franchisor's business name, trademark,and logo
Cooperatives
Cooperatives are autonomous business owned and democratically controlled by their members
Mergers & acquistions
In an acquistion,a corporation or investor froup dinds a target company and negotiates with is board of directors to purcgase it
Sole proprietorship
Advantages
Easy and inexpensive to form
Profits all go to the owner
Direct control of the business
Easy of dissolution
Disandvantages
Difficulty raising capital
Personal time commitment
Unlimited liability
Limited managerial expertise
Partnerships(LLC,LC,SMLC)
An association of two or more individuals who agree to operate a business together for profit
Disandvantages
Potential for conflicts between partners, Difficulty exiting or dissolving a partnership
Advantages
Easy of formation , Availability of capital, Diversuty of skills and expertise
A written partnership agreement , spelling out the terms and conditions of the partnership , is recommended to prevent later conflicts between the partners
What are the four functions of management within organizations ?
Organizing
Staff positions
Coordinate work
Design jobs and specify tasks
Create organizational structure
Set policies and procedures
Leadind
Communicate with employees
Resolve conflicts
Lead and lotivate employees to acomplish organizational goals
Manage change
Controlling
Measure performance
The necessary action to iprove performance
Compare oerformance to standards
Planning
Set objectives and state mission
Examine alternatives
Determine needed resources
Create strategies to reach objectives
What characteristics do succesful entrepreneurs share?
Personality traits
Managerial ability and technical knolwlzdge