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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.

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The meaning of Entrepreneurship


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    Presentation Transcript
    what is entrepreneurship
    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
    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.
    what is a venture
    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

    three types of business
    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.
    influences on ventures and the entrepreneur
    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?
    impact on community
    Impact on Community
    • What is the impact of Entrepreneurship on communities?
    what is an entrepreneur
    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.
    are you an entrepreneur
    Are you an entrepreneur?
    • The trait test PowerPoint
    • Characteristics of an entrepreneur PowerPoint.
    review
    Review
    • Handouts
      • Needs and wants
      • Characteristics of entrepreneurial ventures
    format
    Format
    • Rags to riches
    • Or entrepreneur of your choice.
    assignment 1 great entrepreneurs
    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.