A Perspective on Entrepreneurship. Chapter 1. ENTREPRENEURSHIP . an important component of a capitalist economy thrives in economic systems that support innovation and hard work Entrepreneurs = success = nation. Entrepreneurship and Economic Development. Entrepreneurship.
A. Venture Idea (prestart-up stage)
Computer technology has been used to create products ranging from bathing suits tailored to fit the individual to birthday records containing the recipient's name.
Entrepreneurs have created a number of businesses that use desktop publishing and laser printers to turn out printed materials much cheaper.
B. Start – Up Stage –
C. Early growth stage – establishing feasibility; selling to limited markets with limited resources
D. Late Growth Stage – management is structured; long term financing is established, and facilities planning are undertaken