Entrepreneur

• Pestel

  Political forces

  Economic forces

  Sociocultural forces

  Technological forces

  Ecological forces

  Legal forces
• The environment of the entrepreneurial venture

  The physical

  *Climate

  *Physical sources

  *Wildlife
• Business

  Physical environment

  Societal

  Industry
• Government -intitution that handle affair of a particular country

  Supplier-provide required materials or services

  Customer -buyers of good or services

  Employees -worker of the business

  Creditors -refers to bank.finacial institution
• Competitor -businesses that offer similar products/services
• Business -commercial and mercantile activity engaged in as a means of livelihood
• Entrepreneurship -science of converting ideas
• Israel kirzners- main proponent of kirzners- theory

  Alfred marshal theory - asserted four factors in the production

  Keynesian theory - the role of government

  Enterprise - owned by a mere business man
• Man power

  Human workplace involved in the manucfacture of product
• Man power

  1.Educational qualification and experience required

  2.statusof employment or temporary

  3.number of workers required for job

  4.skill and expertise

  5.approprite time workers needed

  6.background checking

  7.amount of salary

  8.availability potential workers
• Machine

  refers to the manucfacturing equipment used in the production of good for delivery of service
• Machine

  1.type of product produced

  2.production system

  3.cost of equipment

  4.capacity

  5.Availability of spare parts

  6.efficuency of the equipment

  7.skill required in running equipment
• Products method

  refers to the process or technique of converting raw materials to finished product
• Products method

  1.product to produce

  2.mode of production

  3.manucfacturing equipment to use

  4.required skill to do the work
• Materials

  refers to the raw materials needed in the production of a product
• Materials

  1.cost

  2.quality

  3.Availability

  4.credibility of supplier

  5.waste that the raw materials may produce
• Business

  Engaged in the buying and selling of product or good's
• Service business

  Provide service to customer
• Manucfacturing venture

  Producer of goods or products
• Agricultural entrepreneur venture

  Engage in the production of agricultural good and animals
• Hybrid business

  Characteristics and nature of combined types of business entities
• Special corporation

  Types of business may include cooperative joint . venture.and not profit organization
• Market segmentation

  Dividing the market into several segment
• Geographic segmentation

  Diving place
• Psychology segment

  Think.belief.needs and wants
• Behavioral

  Reaction