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101 Nature of Entrep
Entrepreneurship
| Term | Definition |
|---|---|
| Demographic | Changes and/or trends in the way people live, work, and think |
| Entrepreneur | an individual who creates a new business, bearing most of the risk and enjoying most of the rewards |
| Entrepreneurial Process | A set of procedures and methodologies that are followed by entrepreneurs for establishing a new business or venture |
| Ethics | The discipline concerned with what is morally good and bad and morally right and wrong |
| Etiquette | Formal manners and rules that are followed in social or professional setting |
| Globaliaztion | The spread of products, technology, information, and jobs across |
| Innovation | The introduction of a new or improved good or service; A new ides, method, or device |
| Intrapreneur | A professional at a company who uses his or her talent and skills to lead the launch to new products, services, projects, business, lines, etc. with an entrepreneurial mindset |
| Large Company Entrepreneur | When a company has a finite amount of life cycles. This type pf entrepreneurship is for an advanced professional who knows how to sustain innovation |
| Political | These factors determine the extent to which a government may influence the economy or a certain industry. For example, a government may impose a new tax or duty due to which entire revenue generating structures of structures of organization might change |
| Risk | Uncertainty about gains and losses |
| Scalable Startup Entrepreneur | Entrepreneurs that start their company believing that their vision can change the world. Their funding comes form venture capitalists and they usually hire the best employees |
| Small Business Entrepreneur | An entrepreneur who operates a business with 250 or less employees. They are mostly barely profitable but they make profits only to make a living and support their families |
| Social | These factors scrutinize the social environment of the market, and gauge determinants like cultural trends demographics population analytics etc. |
| Technological | These factors pertain to innovations in technology that may affect the operations of the industry and the market favorably or unfavorably |
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