Ch-01 [Compatibility Mode]

8/7/2019 Ch-01 [Compatibility Mode]

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BY

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An individual who takes risks and starts

something new for its business

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Marco polo who establish to attempted atrade route to the far east .

MIDDLE AGES

In the middle ages , the term ENTREPRENEURused to describe both an actor and a personwho manage large production projects

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17th CENTURY

The remergement connection of risk withENTREPRENEURSHIP developed in 17th century being aperson who entered into the contractual arrangement

price was fix and results to loss and profits 18th centur

A person with capital is different from the other who

dont have it . He was distinguish with the capitalprovider to the people

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19th and 20th century

In 19th and 20th century ENTREPRENEUR were viewed asa economic prospector

They organize and operates an enterprise for personal

business

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the value by devoting the necessary time andeffort assuming the accompanying financialp ys ic an socia ris an recieveing t eresulting rewards of menetory and personal

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Change from present lifestyleWork environment Form new entre rise

Disruption Desirable1. Culture

2. Subculture. am y

4. Teachers5. Peers

POSSIBLE

1. Government2. Background3. Marketing

.5. Role models

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categories1. Life style firms

2. Foundation companies

3. High potentials ventures

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The firm life style

Is privately held and usually achieves only modestgrowth rate due to nature of the business andobjectives . This type of firm usually growth after

revenues of $ 2 millions The foundation com an

Is created from research and development and lays a

foundation for a new business area . This firm cangrow in to 5 to 10 years from 40 to 400 amd from 10 to20 million in revenue

Is one that recieves the greates investment and interest

foundation .its growth is far more rapid. Could employ500 people and revenue is $ 30 millions 10


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innovations in the economic development ofan area there is still a lack of understandingo t e pro uct evo ution process. T is is t eprocess through which innovations develop

ENTREPRENEURSHIP

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Government as an ENTREPRENEUR

The government is one conduit for commercializing theresults of the synthesis of social needs and technology .This is also called technology transfer and has been focus

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INTRAPRENEURSHIP

That is within the existing organization and can also bridgethe gap between the science and the market place

Another method to bridge the gap between science and.

marketing skills , marketing capabilities and financial

resources

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carrier and education . It is due to suchfactors like moral job creation andinnovations

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TECHNICAL SKILLS

1. Writing

2. Oral communication

3. on or ng env ronmen

4. Technical business management

5. Technology

6. Interpersonal

7. Listening

8. Ability to recognize

9. Network building

10. Management styles

11. Coching

12. Being a team player

PERSONAL ENTREPRENEURSHIP SKILLS1. Inner control

2. Risk taker BUSINESS MANAGEMENT SKILLS

1. Planning ang goal settings

2. Decision making

3. Human relations

4. Marketing

.4. Change oriented

5. Persistent6. Visionary leader

5. Finance

6. Accounting

7. Management

8. Control

9. Negotiaitions

7. Ability to manage change

10. Venture launch

11. Managing growth

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organizational climate precieved to thesupportive of the law and professionals codeo et ics

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