Entrep

• means that one of the benefits as an entrepreneur gets is to develop his managerial skills. development of managerial capabilities
• because of entrepreneurship many organizations will exist. creation of organization
• entrepreneurship can lift up economic status of people. improving standard living
• not only the life of the entrepreneur is improved but also society. means of economic development
• word entrepreneur was dervied from the french verb enterprendre which means to undertake
• enterprise created by entrepreneur and process is called. entrepreneurship
• factors affecting entrepreneurship. personality and environmental factors
• doing things even before being told. initiative
• he can classisfy opportunities. proactive
• he can retain good relations with other people. problem solver
• he will pursue things to get done. perseverance
• he can entice people to buy. persuasion
• he makes plans before doing things. planner
• willing to gamble but will calculate. risk-taker
• political, climate, legal system, economic, and social conditions and market situations. environmental factors
• entrep must be firm in making decisions. decisive
• must have a convincing power. communicator
• have the charisma to be obeyed by his employees. leader
• ability to be the first to see business chances. opportunity seeker
• can control a situation by making things happen. proactive
• has the courage to pursue business ideas. risk taker
• has big business ideas and does not stop improving. innovative
• it involves the creating and operation of an enterprise. economic and dynamic activity
• constantly looks for new ideas. innovative
• can be compensated by his profit from the operation. profit potential
• entrep needs to gamble but wise enough offset the risk. risk bearing
• who always make new things by new ideas. innovative entrepreneurs
• those who dont create new things but only follow the ideas of other entrepreneurs. imitating entrepreneurs
• characterized by caution and reluctance to take risks. fabian entrepreneurship
• often more stable and long term oriented than other entreps. fabian entrepreneurs
• who depends on the efforts of others. drone
• reject the chances that come into a way to replicate or take advantage of them. drone entrepreneurs/businesses
• willing to take risk and effort to create positive changes. social entrepreneurs
• good source of advices to other entrepreneurs. business consultant
• graduate of entrepreneurship can use his knowledge in teaching. teacher
• employed as a reseacher by an enterprise. researcher
• entrep graduate can apply as a salesman. sales
• being expert in field, can be employed as a. Business reporters
• the identification of entrepreneurial opportunities, which in turn results in the opening of an entrepreneurial venture. entrepreneurial ideas
• The entrepreneurial process of creating a new venture is presented in the diagram below. creation of entrepreneurial ideas, identification of entrepreneurial opportunities, opening of entrepreneurial venture