Professional Documents
Culture Documents
Entrepreneurship
Entrepreneurship
Entrepreneurship
By: Malka
Yasmeen
Nature and development of Entrepreneurship
Venture capitalist:
A venture capitalist is a professional money manager who makes risk investment to
obtain high rate of return on investment.
Entrepreneurship
19th and 20th Centuries:
In late 19th and early 20th centuries, entrepreneur was not distinguished from
managers.
In the middle of 20th century, the concept of entrepreneur as an innovator was
established.
An individual developing something is entrepreneur.
Concept of newness and innovation is an integral part of this definition.
Definition of Entrepreneur Today:
In almost all of definitions of entrepreneurship, there is an agreement that we are
talking about is a kind of behavior that includes:
1. Initiative taking
2. Organizing and reorganizing the social and economical mechanism
3. The acceptance of risk or failure.
Entrepreneurship
The time period for creating the new venture is window of opportunity
The Entrepreneurial Process
Opportunity analysis/assessment is one method of evaluating opportunity.
Opportunity assessment plan includes:
Description of product or service
An assessment of opportunity
An assessment of entrepreneur and team
Specifications of all activities and resources needed.
Source of capital to finance initial venture as well as its growth.