P1

• Entrepreneur


  someone who initiate and organize a business to meet market demands
• Entrepreneur


  someone who creates new business ideas
• what is the french word for entrepreneur

  entroprendre (to undertake)
• Joseph Schumpeter's view of entrepreneur

  introduces innovations
• 2 types of entrepreneurs (Joseph Schumpeter)

  • mega entrepreneurs
  • macro entrepreneurs
• mega entrepreneurs


  drive rapid economic growth through large scale innovations and capital investments
• macro entrepreneurs


  operate smaller businesses, contributing to inclusive growth, especially in growing countries
• entrepreneurial process

  • discovery
  • concept development
  • organizing resources
  • implementation
  • reaping returns
• discovery


  identifying business opportunities
• concept development


  refining the business idea into a workable plan
• organizing resources


  securing human, financial, and material resources
• implementation


  putting business plan into action (turning ideas into reality)
• reaping returns


  expanding the business and scaling for growth
• entrepreneurial traits

  • education
  • employment status
  • wealth
  • risk appetite