GMS 200 Chapter Notes - Chapter 5: Initial Public Offering, Angel Investor, Business Plan
28 Jun 2018
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Department
Course
Professor
GMS Chapter 5 - Entrepreneurship and small business management
Entrepreneurship - is risk taking behaviour that results in new opportunities
Entrepreneur - is willing to pursue opportunities in situation other view as
problems or threats
Internal locus of control
High energy level
High needs for achievement
Tolerance for ambiguity
Self confidence
Passion and action orientation
Self-reliance and desire for independence
Flexibility
Necessity-based entrepreneurship - takes place because other employment
options don't exist
Social entrepreneurship - a unique form of ethical entrepreneurship that seeks
novel ways to solve pressing social problems
Social enterprises - have a social mission to help make lives better for
undeserved populations
Small business - has fewer than 100 employees, independently owned and
operated and doesn't dominate its industry
Franchise - a form of business where one business owner sells to another the right
to operate the same business in another location
Internet entrepreneurship - the use of internet to pursue an entrepreneurial
venture
Advertising model
Brokerage model - bringing buyers and sellers together for online business
transaction and taking a % of the sakes
Community model - meeting point sole by subscription
Freemium model - free service or buy extras
Infomediary model - free service in exchange for collecting info on users and
selling to other businesses
Merchant model - selling products direct to customer from web
Referral model - free listing and getting referral fees from online merchants
Subscription model - selling access to content through a website
Family business - owned and controlled by member of a family
Family business feud - occurs when family members have major disagreements
over how the business should be run
find more resources at oneclass.com
find more resources at oneclass.com
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GMS 200 Full Course Notes
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Document Summary
Gms chapter 5 - entrepreneurship and small business management. Entrepreneurship - is risk taking behaviour that results in new opportunities. Entrepreneur - is willing to pursue opportunities in situation other view as problems or threats. Necessity-based entrepreneurship - takes place because other employment options don"t exist. Social entrepreneurship - a unique form of ethical entrepreneurship that seeks novel ways to solve pressing social problems. Social enterprises - have a social mission to help make lives better for undeserved populations. Small business - has fewer than 100 employees, independently owned and operated and doesn"t dominate its industry. Franchise - a form of business where one business owner sells to another the right to operate the same business in another location. Internet entrepreneurship - the use of internet to pursue an entrepreneurial venture. Brokerage model - bringing buyers and sellers together for online business transaction and taking a % of the sakes. Community model - meeting point sole by subscription.
