entrepreneurship
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ENTREPRENEURSHIP. Words,words, words. entrepreneur (n.) enterprise (n.) entrepreneurial (adj.) an entrepreneurial approach entrepreneurial skills small and medium-size enterprises ( SME ). An entrepreneur is …. - PowerPoint PPT PresentationTRANSCRIPT
ENTREPRENEURSHIP
Words,words, words
entrepreneur (n.) enterprise (n.)entrepreneurial (adj.)
an entrepreneurial approach entrepreneurial skills small and medium-size enterprises (SME)
An entrepreneur is …
…an individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. Source: www.investopedia.com
An entrepreneur is …
Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn. Source: www.investopedia.com
An entrepreneur …
… a business … all the risk and reward … a key role in any economy … the skills and initiative … good new ideas to market … the right decisions … the idea profitable
An entrepreneur …
runs a … assumes … plays ... has … takes … makes … makes …
It all starts with an idea …
Who is behind these inventions? Assembly line Hot-air baloon Battery CD Dynamite Helicopter Electric guitar Printing press Penicillin Viagra Parachute Teddy the Guardian
What ideas did they bring to life? Henry Ford Montgolfier brothers Volta Philips Electronics, Sony Corp Alfred Nobel Igor Sikorsky Les Paul Johannes Gutenberg A. Fleming Phizer Inc. Faust Vrančić Ana Burica, Josipa Majić
It all starts with a good idea … Assembly line (Henry Ford) Hot-air baloon (Montgolfier brothers) Battery (Volta) CD (Philips Electronics, Sony Corp.) Dynamite (Alfred Nobel) Helicopter (Igor Sikorsky) Electric guitar (Les Paul) Printing press (Johannes Gutenberg) Penicillin (A. Fleming) Viagra (Phizer Inc.) Parachute (Faust Vrančić) Teddy the Guardian (Ana Burica, Josipa Majić)
...and sometimes develops into a great business
Who is behind these businesses?
Microsoft Harry Potter McDonald’s Amazon Apple Computers Facebook
Help needed?
Joanne K. Rowling created … Jeff Bezos created … M. Zuckerberg created … Ray Croc created … Bill Gates and Paul Allen created
… Steve Jobs created …
...and sometimes develops into a great business
Who is behind these businesses?
Microsoft (Bill Gates) Harry Potter (J.K.Rowling) McDonald’s (Ray Croc) Amazon (Jeff Bezos) Apple Computers (Steve Jobs) Facebook (Mark Zuckerberg)
What makes an entrepreneur?
3 main things in common
(RB: p.31-32)
It takes a lot more than an idea to start a business
RB, pp.33-36
Business plan (MK: pp.78-79) Vision Mission
… and good management
Not the same kind of people?
ENTREPRENEURS vs. MANAGERS
(RB:p.32)