Nature of Entrepreneurship
What will encourage a career in entrepreneurship?
Mark Zuckerburg
What is a scalable entrepreneur?
Negative impact on others or Positive impact on others? Companies care about this when it comes to their business.
What is negative impact?
The American Red Cross
What is a non-profit organization?
Creates job, generates economic growth, helps society solve problems.
What are benefits of entrepreneurship?
Their comapny is on smaller scale, and generally are not concerned with expansion.
What are small business owners?
What is large company entrepreneur?
These are not the same, but overlap.
What are Ethics and Law?
The characteristic of this corporation will not allow the owners personal property taken to pay a debt.
What is an limited liability corporation?
An indvidual who creates a unique concept, idea, product within an existing company. They engage in innovation.
What is an intrapreneur?
Piggyback or Host? A franchise of a national chain.
What is a Piggyback (Franchise)?
The recent combining of Elon and Queens University is an example of this?
What is merger?
These are unwritten.
What are ethics?
Those that share unlimited liability are in this.
What is general partnership?
A benefit of this is having flexibility and independence.
What is being an entrepreneur or being in entrepreneurship?
Multi-level marketing or strategic partnering? An individual makes jewelry, and provides this to other business owners to sell, a portion of the profits is earned.
What is multi-level marketing?
Circle K
What is a franchise?
What is ethical?
What is a corporation?
Media responsibility or Political Responsibility? This is a pillar of a business's social responsibility.
What is media responsibility?
What are managers?
Sub Chapter S or being taxed as an individual.
What is "S" Corporation?
Philanthropic or Ethical? A company donates a portion of their proceeds to charity.
What is philanthropic?
A business format that will allow those with minimal skils to be successful and a business model is in place.
What is a Franchise?