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101 Nature of Entre.
101 Nature of 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 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 introduction of anew or improved good or service .;a new idea, method , or device. |
| Intrapreneur | A professional at a company who uses his or her talents and skills to lead the launch of new products, service, 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 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 from ventures capitalist and they usually hire the best employee |
| 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 is 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. |
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