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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