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Unit 1 ENT600 INTRO (FINAL VERSION)
Unit 1 ENT600 INTRO (FINAL VERSION)
(ENT600)
UNIT 1:
INTRODUCTION TO
TECHNOLOGY ENTREPRENEURSHIP
NO
Natural capital
Consist basically of natural resources such as
minerals, fuels and energy
Intellectual capital
Refers to knowledge that is accessible within an
business because it has been recorded (e.g. in
documents and reports), explained (e.g. through
knowledge sharing processes ) and disseminated
(e.g. through inter-team or inter-department project or
research work)
Organizational capital
This is the management structure and peripherals
(including hardware, software, databases patents
and systems) that support the human capital
Social capital
The relationships and the quality of the
relationships that the business maintains with its
suppliers, partners and customers
Entrepreneurship Dept, FBM (2009) ENT600/UNIT 1 : INTRO 22
Entrepreneurship & the Economy:
The Economic Outputs
Economic progress and growth (outputs) is essentially in
two forms of:
The beneficial outputs (e.g. increase in new
business ventures that create new jobs)
The undesired inefficiencies and waste outputs
(e.g. pollution from growing numbers of industries)
The benefits should be maximized while waste and
inefficiencies need to be minimized for
entrepreneurship to have the desired impact on the
economy