ENTREP

• Entrepreneur- It refers to someone who carries out new combinations such as organize and manage business ventures. 

   
• Entrepreneurship - It is the capacity and willingness to develop, organize and manage a business venture along with any risks in order to make profit.
• "entreprendre" means- to undertake
• The word entrepreneur originates from what language? FRENCH
• French Opportunity seeker - An entrepreneur must have the ability to be the first to see business chances.
• Proactive - Controlling a situation by making things to happen or by preparing for possible future problems 

   
• Innovator- The entrepreneurs have bi business ideas and they do not stop improving and thinking of new worthwhile ideas for their business. 

   
• Communicator - An entrepreneur must have a convincing power.
• Risk Takers- They have the courage to pursue their business ideas.  
• Decisive - An entrepreneur must be firm in making decisions.
• Leader - An entrepreneur must have the charisma to be obeyed by his employees. Study the role of entrepreneurship in the economy
• Social - They are those who initiate changes and drive social innovation and transformation in the various fields.

   
• Drone - They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of busincss.  
• Innovative - The entrepreneurs who create new ideas.
• Imitating- These are entrepreneurs who copy the ideas or concepts of other entrepreneurs.
• Fabian - The entrepreneur who is skeptical about the changes to be made in the organization.
• Entrepreneurial mind frame - It allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations. 

   
• Entrepreneurial gut game - refers to the ability of the entrepreneur to sense without using the five senses. This is also known as intuition.
• Entrepreneurial heart flame - refers to entrepreneur's driven passion, they are attracted to discover satisfaction in the act and process of discovery.
• climate - refers to the climatic/weather condition
• wildlife - refers to the wild plants and animals.
• physical resources -  raw materials of the product.
• Physical environment 

  
  

   a.climate - refers to the climatic/weather condition 

   b. physical resources -  raw materials of the product. 

   c. wildlife - refers to the wild plants and animals.
• Societal environment/Macro environment    

  a.Social forces and Cultural forces/Socio-cultural environment   

  b. Political forces and Legal forces/Political environment   

  c. Economic forces   

  d. Ecological forces

  e. Technological forces
• Industry environment/Micro environment   

  a.Government -  handles the affairs of a particular country.   

  b. Suppliers - provide the required materials, parts, or services to the business. 

   c. Customers - buyers of goods or services 

   d. Competitors - forces existing in the industry (Third Telco operator)     - Direct competitors -  sell similar products s     - Indirect competitors -  sell substitute products   

  e. Employees -  highly responsible for the production  

   f. Creditors - refers to banks, financial institutions 
• Socio-Cultural Environment includes the demographics and cultural dimensions
• Political Environment -defines the governance system of the country
• Economic Environment -Supply and demand forces mainly drive
• Ecological Environment

  includes all natural resources and the ecosystem
• Technological Environment

  New scientific and technological discoveries,
• Consumer products

  is a finished product available for sale to a customer.
• Convenience products:

   These are cheaper products
• Specialty products: 

  These products are expensive
• Shopping products: 

  These are expensive products that customers usually do more research
• Unsought products: Customers likely don't know about or think about buying
• industrial product 

  to make other products or to help them with running their business.
• Capital goods:

   These are part of production, and they're usually an installation,
• Raw materials: 

  Businesses use raw materials in the making of other products,
• Component parts: 

  These are raw materials that a business processes.
• Major equipment: Businesses use major equipment to make, process or sell other products. This can include items like computers or tractors.