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101 Nature of Entrep

TermDefinition
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
Created by: user-2014851
 

 



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