Entrepreneurship

–        Entrepreneurship is the process of creating something new of value by devoting (giving) the necessary time and effort.

–        By accepting and acknowledging the necessary financial, psychological, and social risks, and

–        Finally receiving the resulting rewards be it monetary and personal satisfaction and freedom to do what you want. 

                        Robert D.Hisrich, M. Peters & D.A Shepherd

Learning outcomes

—  To be aware of the concept and importance of Entrepreneurship

—  To identify the challenges of an Entrepreneur

—  To classify the forces driving the Entrepreneur

—  To appreciate the role of Entrepreneurship in the economic development process

—  To appreciate the key challenges, focus and funding sources of each stage of the business life cycle

—  To prove that innovation involves strategy, product and also processes.

—  To appreciate the critical role of Intrapreneurship within a corporate environment

—  To select resources and classify firm’s behaviors can lead to sustainable competitive advantages.

—  To recognize the various types and sources of capital available to entrepreneurs.

—  To categorize the purpose and fundamentals of a business plan.

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