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101 Nature of Entrep
| Term | Definition |
|---|---|
| Demographic | Changes and/or trends un the way people live, work, and think. |
| Entrepreneur | An individual who creates a new business, bearing most of the risks 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 |
| Entrepreneurship | the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit |
| 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 settings |
| Globalization | the spread of products, technology, information, and jobs across national borders and cultures. |
| Innovation | the production of a new or improved good or service; a new idea, method, or device |
| Intrapreneur | a professional at a company who uses his or her talent and skills to lead the launch of new products, services, projects, business lines, ect. with an entrepreneurial mindset |
| Large Company Entrepreneur | when a company has a finite amount of life cycles. this type of 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 organizations might change |
| Risk | uncertainty about gains and losses |
| Scalable Startup Entrepreneur | entrepreneurs that start their own company believing that their vision can change the world. their funding comes from 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 Entrepreneur | an entrepreneur who wants to solve social problems with their products and services in this category of entrepreneurship |
| Social | these factors scrutinize the social environment of the market, and gauge determinants like cultural trends, demographics, population analytics ect. |
| Technological | these factors pertain to innovations in technology that may affect the operations of the industry and the market favorably or unfavorably |