BADM 3110 Chapter Notes - Chapter 1: Takers, Startup Company
17 Jan 2020
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Document Summary
Describe entrepreneurship, corporate entrepreneurship, and the characteristics of entrepreneurial firms. Corporate entrepreneurship: is the conceptualization of entrepreneurship at the firm level. All firms fall along a conceptual continuum that ranges from highly conservative to highly entrepreneurial: the position of a firm on this continuum is referred to as its entrepreneurial intensity. Entrepreneurial firms are: proactive, innovative and risk taking. Conservative firms are: less innovative, risk averse and take a more wait and see posture. L2 discuss three main reasons people decide to become entrepreneurs: desire to be their own boss, desire to pursue their own ideas. L7 discuss the positive effects of entrepreneurship and entrepreneurial firms on economies and societies. Small innovative firms are 16 times more productive than larger innovative firms in terms of patents per employee. Think of all the new products and services that make our lives easier, enhance our productivity at work, improve our health, and entertain us in new ways.
