GMS 200 Lecture Notes - Lecture 8: Incrementalism, Best Buy, Infomediary

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: All

Document Summary

Characterisics and antecedents of entrepreneurs- nature vs. nurture . People planet and proit is really important but for all businesses but it is hard to contribute to planet and people at the beginning. They need to keep cash coming through in this stage as this is key. Bootstrapping is normally an early stage and early approach to gaining capital and funding start-ups. This is because banks typically will not lend unil 5 years of a proitable business. Globalizaion can be viewed at from so much more than an economic perspecive (unlike the business type typically discussed in the textbook). We can view it from a social point of view. Typical entrepreneur is mostly in it just for money not always where as social entrepreneur really doesn"t care about the money and just wants to contribute. Strategy- a comprehensive acion plan that ideniies long-term direcion for an organizaion and guides resource uilizaion to accomplish goals with sustainable compeiive advantage.