EEE 370 Chapter Notes - Chapter 1: Global Entrepreneurship Monitor, Litmus, Takers
14 Feb 2019
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Document Summary
Global entrepreneurship monitor (gem): a join research effort that tracks entrepreneurship in 70 countries. Corporate entrepreneurship: established firms with an orientation toward acting entrepreneurially. Entrepreneurial intensity: the level of a firm of a spectrum of highly conservative to highly entrepreneurial. Why do people become entrepreneurs: be their own boss, pursue their own ideas, pursue financial rewards. Myth 1: entrepreneurs are born, not made. Myth 3: entrepreneurs are motivated primarily by money. Myth 4: entrepreneurs should be young and energetic. Salary-substitute firms: small firms that yield a level of income for their owner that is similar to what they would earn when working for an employer. Lifestyle firms: provide their owner the opportunity to pursue a particular lifestyle and earn a living while doing so. Entrepreneurial firms: bring new products and services to market. California, texas, and new york have the highest number of women entrepreneurs. The positive effects of entrepreneurship and entrepreneurial firms.
