PAPER ON ‘GENERAL ENTREPRENEURSHIP’ INTRODUCTION ENTREPRENEURSHIP has become a leading force shaping economies all round the globe in the twenty first century. The entrepreneurial spirit is the most significant economic development in recent business history. The young population of various countries are technologically savvy; they tend to be questioning and challenging established paradigms; they think ‘out of the box’; and‚ are fiercely independent. One of the outcomes of the above is the
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Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization‚ revitalizes and renews an organization ‚or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests aformal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments‚whereas sathe(1985) defines corporate entrepreneurship as a process
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ENTREPRENEURSHIP THEORIES AND BEHAVIOUR Several theories have been developed to explain entrepreneurial behavior and motivating factors. 1). Psychological theories – As those developed by McClelland pay attention to personal traits‚ motives and incentives of an individual and conclude that entrepreneurs have a strong need for achievement. According to this theory‚ entrepreneurship get a boost when there are sufficient supply of individuals with certain psychological characteristics such as need
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Corporate Entrepreneurship Corporate entrepreneurship is also commonly known as corporate venturing or Intrapreneurship. It is coined by legendary management thinker and management guru Peter.F.Drucker. It is the act of initiating new ventures or creating value with an already established organization or social entity. It is basically a process of creating new business within established firms to improve organizational profitability and enhance a firm’s competitive position or the strategic renewal
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ENTREPRENEURSHIP AS A CAREER Entrepreneurs organize‚ manage‚ and assume responsibility for new enterprises. Their goal is to earn a profit by providing products and services everyone needs. If entrepreneurs are successful in carrying out this task‚ they can build rewarding careers for themselves. Many opportunities exist to start new enterprises. But before you decide to become an entrepreneur‚ you should find out what is involved. This module examines entrepreneurship as a career. You will see
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INTRODUCTION TO ENTREPRENEURSHIP LECTURER : Important Instructions: 1) This paper contains THREE (3) Sections on SIX (6) printed pages‚ including the cover. 2) Answer ALL questions in Section A‚ B & C. All answers should be written in the designated answer sheet 3) Any misconduct during the examination will lead to a disqualification and a mark 0 will be entered 4) This paper comprises 20% if the total marks of the Assessment. DO NOT REMOVE ANY PART OF THIS EXAM PAPER FROM THE EXAMINANTION
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Entrepreneurs innovate. Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth. © Peter Drucker. Innovation distinguishes between a leader and a follower. © Steve Jobs‚ Apple. As time goes on‚ nothing remains the same in our world. Seasons‚ weather‚ relationships‚ human emotions‚ everything is affected by time- everything keeps changing. The same thing is in market industry. The progress is unstoppable and
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Relationship between Creativity & Entrepreneurship Creative Problem Solving Course work MODULE NAME : Creative Problem Solving COURSE TITLE : MSc International Business Total word count (excluding references and appendices) : 3475 Creativity and Entrepreneurship What is creativity and what is Entrepreneurship? Is there any relation between creativity and Entrepreneurship? If so‚ what is the relation and what role does creativity play in entrepreneurship? The purpose of this essay is to
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Explain entrepreneurship and discuss its importance. Describe corporate entrepreneurship and its use in established firms. Discuss three main reasons people decide to become entrepreneurs. Identify four main characteristics of successful entrepreneurs. Explain five common myths regarding entrepreneurship. Explain how entrepreneurial firms differ from salary-substitute and lifestyle firms. Discuss the changing demographics of entrepreneurs in the United States. Discuss the impact of entrepreneurial
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Entrepreneurship are innovators who take it upon themselves to fill in any gap or opportunity that they see or feel that it is not being satisfied by other leading firms in the market. Ronstadt‚ (2002)‚ as cited by Holt‚(2005) defined entrepreneurship as the dynamic process of creating incremental wealth. The wealth created by individuals who assume major risks in terms of equity‚ time and or career commitment or providing value for the same product or service. For some entrepreneurship is an in-born
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