The Nature and growth of entrepreneurship
a process of shattering the status quo of the existing products and services, to set up new products, new services
What is the Gale of creative destruction?
an employee who is tasked with developing an innovative idea or project within a company
What is an intrapreneur?
An individual in the process of starting their own business
What is a nascent entrepreneur?
The entrepreneur chooses to take risks that they reasonably expect to overcome to earn a profit. They carefully plan to mitigate the risks involved
Calculated risk taker
ICT , changing demographics and changing demands are examples of ....
Emerging drivers of contemporary entrepreneurship
True or false
An intrapreneur fully bears the risk involved in the enterprise
FALSE
An inexperience individual in terms of ownership
What is a Novice entrepreneur?
The entrepreneur has already gone through multiple failures but does not allow those failures to daunt them.
Persistent
the process in which businesses begin operating internationally.
What is globalization?
Define Speculative entrepreneurship
The objective is to show the potential of the business and then sell it.
An individual who is new to a business but possesses prior business ownership experience
What is a habitual entrepreneur?
They have their mind set on the future of the product
Visionary
impact on job creation, growth in GDP and social development (social entrepreneurship) are examples of
Role of entrepreneurship in national and regional development
This type of entrepreneurship is usually centered on an activity or product that is of personal interest to the entrepreneur. eg. Football club owners or gym trainers
Lifestyle entrepreneurship
An experienced entrepreneur, who sells a venture and then opens a new one
What is a serial entrepreneur?
The entrepreneur assumes a lot of responsibility and faces a lot of physical, mental and emotional demands. they put in time and effort into the business
hardworking
Name three Emerging areas for enterprise development
creative and cultural industries,
renewable energy;
agro-preneurship,
ICT.
the corner parlor is an example of what type of entrepreneurship
Survival Entrepreneurship
An entrepreneur who establishes a business and adds other businesses
What is a portfolio entrepreneur?
The entrepreneur must be able to face various challenges and failures yet rise above them
Dynamic