ADM 1100 Chapter Notes - Chapter 6: Mark Zuckerberg, Intrapreneurship

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

Document Summary

Entrepreneur: an individual who seeks a profitable opportunity and takes the risks to set up and operate a business. Differ from sb 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. In other words, entrepreneurs have the drive and impatience that make their companies successful. There are 3 types of entrepreneurs: classical (mark zuckerberg) A person who sees a business opportunity and sets aside resources to gain access to that market: serial (steve jobs) A person who starts one business, runs it, and then starts and runs more businesses, one after another: social (melinda gates) A person who sees societal problems and uses business principles to develop new solutions. Reasons to choose entrepreneurship as a career path. Self management is the motivation that drives many entrepreneurs. Entrepreneurs are wealth creators and idea generators.