BUS100 Chapter Notes - Chapter 4: Pest Analysis, Intrapreneurship, Small Business
Document Summary
Lo-1 entrepreneurship, small business & new venture creation. 380 new business started in cana every day. Small business independently owned and managed business that does not dominate its market. New venture recently formed (within the last 12 months) commercial organization that provides goods and/or services for sale. Entrepreneurship process of identifying an opportunity in the marketplace and accessing the resources needed to capitalize on it. Entrepreneur person that accepts the risk and opportunities. Intrapreneur person who creates something new within an existing large firm/organization. Entrepreneurial opportunities are impacted by the external environment (pestle and/or porter"s 5. We will focus on three key elements to the process: The entrepreneur is heart of the entrepreneurial process. Debt typically not available without some equity investment and collateral. Equity usually more accessible and appropriate (angel investors. Mandate to develop small and medium-sized companies in canada through financing, venture capital and consulting strategies.
