ADM 1100 Chapter Notes - Chapter 6: Intrapreneurship, Angel Investor

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Patrick Woodcock

Document Summary

Entrepreneur: a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Differ from many small-business owners in their strong desire to make their business grow. Differ from managers through their overriding responsibility to use the resources of the organization to accomplish their goals. Classic entrepreneurs: a person who sees a business opportunity and sets aside resources to gain access to the market (mark zukerberg) Serial entrepreneurs: a person, who starts one business, runs it, and then starts and runs more businesses, one after another. (steve jobs) Social entrepreneurs: a person who sees societal problems and uses business principles to develop new solutions (melinda gates) Reasons to choose entrepreneurship as a career path. They have the freedom to make all the decisions. Engaging in most to all of the communication related to your business, including; dealing with customers, suppliers, retailers or others.