1 / 0

The meaning of Entrepreneurship

The meaning of Entrepreneurship. Mrs. Chandler. What is Entrepreneurship?. to undertake, to pursue opportunity, or fulfill needs/wants through innovation or the establishment of a business or venture. Needs – essentials Wants – desires What are needs? What are wants?. Supply and demand.

elden
Download Presentation

The meaning of Entrepreneurship

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The meaning of Entrepreneurship

    Mrs. Chandler
  2. What is Entrepreneurship? to undertake, to pursue opportunity, or fulfill needs/wants through innovation or the establishment of a business or venture. Needs – essentials Wants – desires What are needs? What are wants?
  3. Supply and demand Business is based on supply and demand. Demand – What the consumer needs and wants Ex. August – school supplies advertised for the entire month. What happens when the supply is greater than the demand? What happens when the demand is greater than the supply? Snow blowers.
  4. What is a venture? May apply to a business but other undertakings as well. Ex. Charities   Characteristics of ventures/businesses For – Profit/Not for Profit -Profit-Revenue - costs Large Scale/Small scale Service production/goods production Physical/Virtual Local/Provincial/National/International
  5. Three Types of Business Self-employment business  personal service ex. Lawyers, engineers, plumbers Owner/Operator business provide a product/service (or mixture) to a limited geographical area. Ex. Dry cleaner, corner store National Organizations manufactures/distributes more than one product not limited to geography. Ex. Wal-Mart, Kraft Foods.
  6. Influences on ventures and the entrepreneur Technology and change Demographics (age, family size, income and religion) and consumer buying habits. Ex. Baby boom How has the above influenced ventures over the last 15 years?
  7. Impact on Community What is the impact of Entrepreneurship on communities?
  8. What is an “ENTREPRENEUR”? On a piece of paper, write down your definition of an ENTREPRENEUR. In groups of 3-4, share your definition. As a group, come up with a definition of an ENTREPRENEUR that you can share with the class.
  9. An entrepreneur is someone who creates and runs his/her own business
  10. Are you an entrepreneur? The trait test PowerPoint Characteristics of an entrepreneur PowerPoint.
  11. Review Handouts Needs and wants Characteristics of entrepreneurial ventures
  12. Examples of entrepreneurs
  13. Format Rags to riches Or entrepreneur of your choice.
  14. Assignment1: “Great Entrepreneurs” Instructions: 1) Choose an entrepreneur. This person can be familiar or unfamiliar, living or dead. 2) Using the handout provided, find the information requested about this entrepreneur. 3) Your assignment must be presented through a PowerPoint presentation. In keeping with the entrepreneurial spirit, use that creativity, innovation and imagination you all possess! 4) This assignment is to be done in pairs. 5) This assignment will be due ___. On this date, presentations will be made and you are expected to be ready to present. 6) Consult the rubric on the handout to be aware of what is being evaluated. 7) You will be presenting your assignment, but a write-up is required as well. See handout for further details.
More Related