ADM 3313 Lecture Notes - Lecture 2: Market Structure, Angel Investor, Creative Destruction

• School: University of Ottawa
• Department: Administration
• Course: ADM 3313
• Professor: Stephen Daze

Document Summary

Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced. Entrepreneurs devise ingenious strategies to marshal their limited resources. Today, entrepreneurship has evolved beyond the classic start-up notion to include companies and organizations of all types, in all stages. Entrepreneurial leaders inject imagination, motivation, commitment, passion, tenacity, integrity, teamwork, and vision into their companies. They face dilemmas and must make decisions despite ambiguity and contradictions. An innovative idea that develops into a high growth company. Success, in addition to the strong leadership from the main entrepreneur, almost always involves building a team with complementary talents. The ability to work as a team and sense an opportunity where others see contradiction, chaos, and confusion are critical elements of success. Making sure the upstart venture does not run out of money when it needs it the most.