Entrepreneurship
Upcoming SlideShare
Loading in...5
×
 

Entrepreneurship

on

  • 739 views

 

Statistics

Views

Total Views
739
Views on SlideShare
739
Embed Views
0

Actions

Likes
0
Downloads
10
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Entrepreneurship Entrepreneurship Presentation Transcript

  • ENTREPRENEURSHIPA definitive guide . . .
  • DEFINITIONGenerally equated with SELF-EMPLOYMENT, whether it happens bystarting a business, buying a business, orentering one through the familyThe creation of an innovative economicorganization (or network organizations)for the purpose of gain or growth underconditions of risk and uncertainty
  • DESCRIPTIONECONOMIC FUNCTIONOWNERSHIP STRUCTUREDEGREES OF ENTREPRENEURSHIP SIZE & LIFE CYCLE OF THE FIRM
  • ENTREPRENEURSHIPECONOMIC FUNCTION means of stimulating the economy through the creation of firms & jobs The risk of buying at a certain price and selling at an uncertain price
  • ENTREPRENEURSHIPOWNERSHIP STRUCTURE creation of an enterprise, which has the entrepreneur as the founder
  • ENTREPRENEURSHIPDEGREES OF ENTREPRENEURSHIP measured by the success achieved through the change initiated (i.e. increased diversity of products/ services, ROI, increased market size, controlling number of employees, etc.)
  • ENTREPRENEURSHIPSIZE & LIFE CYCLE OF FIRM start-out businesses starting out as high energy & dynamic and maturing into a sluggish, established corporate bureaucracies
  • Types of EntrepreneurshipEntrepreneurshipIntrapreneurshipTeamEntrepreneurship
  • TYPES OF ENTREPRENEURSHIP Entrepreneurshipcreating and building something from practically nothingcreating/seizing an opportunity and pursuing it regardless of the resources available
  • TYPES OF ENTREPRENEURSHIP IntrapreneurshipInitiated by dynamic employees who are motivated to be creative and innovative to social and economic enhancement of their organizationOrganizational learning and employee empowerment towards revitalization of the business
  • TYPES OF ENTREPRENEURSHIP Team EntrepreneurshipCapability and attitude whereby individual skills are integrated as a teamThe collective capacity to innovate becomes something greater than the sum of its parts
  • GROUP DISCUSSION What entrepreneurial endeavors can we involveourselves in that is related tothe culinary, hospitality, and tourism & leisure industries?
  • KEY ELEMENTSChange Initiation Opportunity AlertnessCommitment to RelationshipEmployees ManagementCreative Resourcing Risk & uncertaintyEntrepreneurship ManagementLearning Timing of ActionInnovation andCreativity Vision and Strategic OrientationKnowledgeLeadership
  • KEY ELEMENTS• Change Initiation capability to identify an opportunity for creation or innovation and ability to turn it into reality• Commitment to Employees application of appropriate management practices and reward systems designed to exact employee loyalty, retention and efficiency
  • KEY ELEMENTS• Creative Resourcing ingeniously marshalling of resources, of both a financial & managerial nature, from a complex source in order to mobilize the opportunity• Entrepreneurial Learning motivation to acquire the necessary knowledge and expertise through relevant exploration and reflection, in order to excel
  • KEY ELEMENTS• Innovation and Creativity renewal of products and services by adding value through application of expertise and imagination• Knowledge Leadership development of sources of management information to enable first-mover capability, and effective strategy information & implementation
  • KEY ELEMENTS• Opportunity Alertness continuous focus on emerging trends and opportunities to be captured and realized• Relationship Management maintenance of effective teams, networks, and flexible management structures
  • KEY ELEMENTS• Risk and Uncertainty Management evaluation of personal and financial risk elements, self-confidence and determination to succeed• Timing of Action Acting within a limited window in which an opportunity can be optimized
  • KEY ELEMENTSVision and Strategic Orientationformulation of ambitions, andstrategies to realize them
  • ASSIGNMENTTake the online quiz “Am I an Entrepreneur?”http://www.potentielentrepreneur.ca/client/queThis online quiz takes 20-30 minutes tocomplete. Be as honest as possible whenchoosing your answers.Copy the results of the quiz on a worddocument; add your name on the top leftand print a copy for submission