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This 1 page Class Notes was uploaded by email@example.com Notetaker on Monday September 28, 2015. The Class Notes belongs to mgt 319 at Pace University taught by Esposito in Fall 2015. Since its upload, it has received 34 views. For similar materials see International Entrepreneurship in Business, management at Pace University.
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Date Created: 09/28/15
International Entrepreneurship 09082015 What is an entrepreneurentrepreneurship Chapter 1 o The process of planning organizing operating and assuming risk of a new venture being able to commercialize an idea 0 They possess certain traits being a dynamic thinker being able to seecommunicate something that others do not see a value for 0 Le going to a restaurant and seeing wine an entrepreneur sees it like quothow much of that is waste how much of those are used and notquot Annual creation of new companies in the US is between 700000 to 800000 a year startups create more jobs than larger companies Types of entrepreneurs Serial entrepreneur someone who starts grows and sells businesses regularly o Aspiring entrepreneur someone who wants to start their own business and hopes for a chance to do so and gathers a lot of knowledge from othersprofessional experience 0 Lifestyle entrepreneur someone who values personal time highly as well as the time spent at the business 0 Companies that don t have debt intentionally try to grow to a certain size then keep it controlled and stable 0 Things that are localized grocery stores vendors etc 0 Growth entrepreneur someone who is never satis ed big is never enough there is always more into leverage to build the business higher 0 Will sacri ce personal time to drive the business 0 Not trying to cash out trying to make it bigger and better The Art of Innovation Chapter 2 o How do you take one idea and turn it into something that has commercial success SCurve 0 Product enhancement Apple enhanced cell phones 0 Product destroying Net ixHulu destroyed Blockbuster o