MGMT 1000 Chapter 4: Chapter 4.doc

• School: University of Guelph
• Department: Management
• Course: MGMT 1000
• Professor: Trent Tucker

Document Summary

Every day, approximately 380 businesses are started in canada, new firms are typically small are typically small. To be included in the business register (tracks business , aka revenues), a business must have at least one paid employee and annual sales revenue of ,000 or more, or be incorporated. Force survey tracks employers small business; small good producing businesses <100 employees, service producing businesses <50 employees. Entrepreneurship; (example mark zuckerberg & fb) creativity is key, and small businesses provide a great environment for entrepreneur. The difference between intrapreneurs( compaq to hp) and entrepreneurs is that intrapreneurs typically don"t have to concern themselves with getting the resources needed to bring the new product to market, since their employer provides the resources. The role of small and new businesses in the canadian economy. Small and new businesses play a key role in the canadian economy, went unrecognized until the 1980s. Small businesses; there are 2. 3 million business establishments in canada.