entrepreneurship

• Innovation and Entrepreneurship are principles of management.
• Entrepreneurship involves undertaking activity under the risk of failure.
• Entrepreneurship involves introducing innovative solutions to the market.
• Entrepreneurship requires flexibility, wealth creation, building an enterprise from the scratch, reacting to the changing environment, and creating something of value from practically nothing.
• Entrepreneurship is a process of creating and seizing an opportunity and pursuing it regardless of the resources currently controlled.
• Entrepreneurship is a style of management aimed at pursuing opportunity and driving change.
• Entrepreneurship requires the existence of opportunities.
• Innovations usually combine all three methods in one way or the other.
• The entrepreneurial process requires some form of innovation.
• Entrepreneurship requires differences between the people.
• The entrepreneurial process requires organizing.
• Risk-bearing is a necessary part of an entrepreneurial process.
• Innovation is achieved by various methods, with the most important method being through technology.
• Besides technological innovation, priority annuity can also be obtained by way of the two other most important methods: economic/financial innovation and social/organizational innovation.
• Process innovation involves eliminating entire processes by changing the way a function is realized, for example, introducing self-service in stores or gas stations, which eliminates the process of sales assistants having to attend customers.
• Technological progress, new machines, appliances, and new processes can lead to the development of new products as well as to the elaboration of new, transformed processes.
• New technologies often require new ways of financing, such as leasing, and social/organizational changes, such as new structures, new people with new qualifications, new rules and procedures.
• Corporate entrepreneurship, family entrepreneurship, entrepreneurship with passion, intellectual entrepreneurship, social entrepreneurship, women entrepreneurship, minority and immigrant entrepreneurship are different types of entrepreneurship.
• The entrepreneurial process involves the discovery, evaluation, and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, processes and raw materials through organizing efforts that previously had not existed.
• Entrepreneurs are organizational products, meaning people employed by existing organizations are more likely to start a new company in the same or a related industry.
• Examination of the available evidence contradicts the legend that garage entrepreneurs are lone individuals who rely primarily on their extraordinary efforts and talent to overcome the difficulties inherent in creating a new business.
• Garage entrepreneurship facilitates self-confidence, provides access to industry knowledge and information about entrepreneurial opportunities, and taps resources for new ventures.
• Garage entrepreneurship refers to starting a business in a garage, basement, dormitory room, or kitchen.
• Garage entrepreneurship is a contemporary legend due to numerous prominent successive stories, the evocative images it evokes, and its appeal as an embodiment of the American Dream.
• The entrepreneur's garage is a symbol of the prototypical early, formative phase of a startup company, often referred to as "garage belief".
• Entrepreneurship requires personal resources of the entrepreneur.
• Entrepreneurial ventures are combinations of needs, which can be unmet needs, meeting existing needs better, meeting more needs, or meeting different combinations of needs.
• A sofa can meet various needs such as filling space, saving space, storage, inflammability, durability, aesthetics, status, seating capacity, convert to bed, orthopaedic, easy to move, feels warm/soft, place for newspapers, easy to match with, can work on, can eat on, can drink on, resists animal fur, can put feet up, room divider, soft or firm, cheap or expensive, unique design, gets through door, easily cleanable, washable fabric, not-fading, safe for children, remote control, changing colours.
• Workshop 2 involves creating the idea for a new venture through analysis and improvement of existing products.
• Wittchen, a company established in 1990 by Jędrzej Wittchen, offers a wide range of products such as cases, wallets, bags, belts, gloves and clothes for men and women, employs more than 420 persons, and started to promote its products and open stores abroad.
• Wittchen's mission is to create a brand by people and for people.
• Challenges for family businesses include resistance to change, managing transitions, raising capital, succession, emotional involvement, leadership, and managing the business in a global context.
• Small Business and Entrepreneurship are different concepts.
• Social entrepreneurship is a field at an exciting stage of infancy, short on theory and definition but high on motivation and passion.
• Social entrepreneurship can be defined as entrepreneurial activity undertaken by non-profit organizations, the establishment of social purpose enterprises that trade precisely like any other commercial establishment but return the profits to a social organization, or as the construction, evaluation and pursuit of opportunities for transformative social change carried out by visionary, passionately dedicated individuals.
• Entrepreneurial venture and small business are different concepts.
• Family business systems are characterized by strengths such as culture and values, commitment, knowledge, flexibility, long range thinking, stable culture, speedy decisions, reliability and trust.
• Intellectual entrepreneurs are characterized by independence resulting from participation in various social groups and organizations, authority based on knowledge and competence, a specific learning mode, ability to redefine social, economic and organizational context, entrepreneurship perceived as an intellectual challenge, ethical questions perceived as important, and serendipity replacing luck as the environment becomes enactable.
• Women entrepreneurship, minority and immigrant entrepreneurship, necessity based entrepreneurship, and opportunity based entrepreneurship are different types of entrepreneurship.
• Sources of innovation and entrepreneurship