MGM102H5 Chapter Notes - Chapter 11: Jim Pattison, Bungee Jumping, Sobeys
Document Summary
Chapter #11 entrepreneurship and starting a small. Entrepreneurship accepting the challenge of starting and running a small business. Originates from entrprendre which means to undertake . Small businesses differ from entrepreneurial ventures in 4 ways: substantial wealth. Amount of wealth creation entrepreneurial ventures create. Speed of wealth creation entrepreneurial wealth creation is. Risk risk of entrepreneurial venture must be high. Innovation - entrepreneurial ventures involve great innovation rapid beyond that of a small business. John w. and alfred j. billes canadian tire. People describe starting a business as bungee jumping. Reasons people take the challenge of starting a business: Courage is important in being an entrepreneur. Entrepreneurs look for what customers need and don"t need. Many women have gone into business since 1970s. Small an medium-sized enterprises (sme) refers to all businesses with fewer than 500 employees. Lack of promotion opportunities many high management positions are male so woman are frustrated and take the entrepreneurial route starting a family.
