Types of Entrepreneurship
This type of entrepreneur starts a business because they have no other job options.
What is a necessity entrepreneur?
The desired outcome of policies that support innovation and business creation.
What is to spur economic growth?
The severe limitations in money, staff, and materials faced at the beginning.
What are resource constraints?
Unclear, ambiguous, or mixed outcomes from a project or policy.
What are murky results?
This entrepreneur is driven by a new idea or a gap in the market.
What is an opportunity entrepreneur?
A situation where economic progress is slower than needed.
What is lagging economic development?
The strategy of starting a business with very little money, keeping costs minimal.
What is bootstrapping?
Deep-seated issues in society's systems that are hard to solve.
What are underlying structural problems?
This professional brings entrepreneurial thinking inside an existing large company.
What is an intrapreneur?
The term for attracting money from investors in other countries.
What is to entice foreign capital?
The very beginning stage of a new business enterprise.
What is the venture outset?
Groups that are excluded from the mainstream economic and social life.
Who are marginalized communities?
Their main goal is to address issues like poverty or pollution through their business model.
What is a social entrepreneur?
The broad well-being of a society, which entrepreneurship can influence in complex ways.
What is societal welfare?
A "side hustle" can be an example of this type of entrepreneurship.
What is necessity entrepreneurship?
A broad term for any limitation or shortage, often related to resources.
What is scarcity?
A general, non-specific focus on encouraging all new business creation.
What is generic entrepreneurship?
When innovation affects different parts of the economy very unevenly.
What is growth that doesn't occur evenly across the economy? (uneven impact)
The dual, sometimes conflicting goals of making money and doing good.
What is the challenge between profit and social good in social entrepreneurship?
The process of creating answers for those who are underserved.
What is to generate solutions?