MATH 1P98 Lecture 2: Entrepeneurship

• School: Brock University
• Department: Mathematics and Statistics
• Course: MATH 1P98
• Professor: Chantal Buteau

Document Summary

Entrepenuership is most commonly associated with starting a business. Entrepeneurship also exists within large corporations (called corporate venturing), where an individual identi es opportunities, gathers resources from inside and outside the corporation, and carries the opportunity through to competing (skunkworks) Entrepenures are individuals who recongnize opportunity, gather resources bneede to act on those opportunities. Entrepenurers recognize a need in the market that needs to be ful lled. Not everyone is sutiabkle for entrepreneurial work. Knwoledge of the bussiness, suf cient capital, good experience, and a unique idea at the right time are just some of the characteristics of a suvvessful business owner. It also takes dedication, high energy, tolerance for risk, willingness to fail, and the ability to form relationships and get things done with minimal organizational structure. personal traits and characteristics of entrepreneurs.