[1] introduction to entrepreneurship

Cards (18)

  • aimed to gear someone towards SELF-EMPLOYMENT
    Entrepreneurship
  • entrepreneur came from a french word meaning "to undertake"
    Entreprendre
  • the act of creating a business while building and scaling it to generate profit.
    Entrepreneurship
  • the process of determining the company goals and identifying the resources and strategies needed to achieve those goals.
    Planning
  • the process of collating the physical, financial and human resources and developing a productive relationship among them.
    Organizing
  • he stated that "To organize a business is to provide it with everything useful or it's functioning."
    Henri Fayol
  • inert-personnel aspect of management which deals directly with influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational goals.
    Directing
  • the act of watching & directing work & workers.
    Supervision
  • means inspiring, stimulating or encouraging the subordinates with deal to work.
    Motivation
  • a process by which manager guides and influences the work of subordinates in desired direction.
    Leadership
  • the process of passing information, experience, opinion etc. from one person to another. It is a bridge of understanding.
    Communication
  • function of manning the organization structure and keeping it manned.
    Staffing
  • ensure that everything follows the standards set forth.
    Controlling
  • determine something's significance, value or worth.
    Evaluating
  • they stated that "Controlling is the measurement & correction of performance activities of subordinates in order to make sure that the enterprise objectives and plans desired to obtain them as being accomplished".
    Koontz & O'Donell
  • according to him “Controlling is the process of checking whether or not proper progress is being made towards the objectives and goals and acting, if necessary, to correct any deviation”.
    Theo Haimann
  • TYPES OF MANAGEMENT FUNCTIONS (6)
    • Planning
    • Organizing
    • Directing
    • Staffing
    • Controlling
    • Evaluating
  • TYPES OF DIRECTING (4)
    • Supervision
    • Motivation
    • Communication
    • Leadership