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Entrepreneurship

Dive into the lives of iconic entrepreneurs such as Michael Dell, Steve Jobs, and more, exploring the world of entrepreneurship, small businesses, franchises, risks, and the concept of intrapreneurship in established companies. Learn about their journey and contributions to the business world.

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Entrepreneurship

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  1. Entrepreneurship Business Management Chapter 1.2 Glencoe Business Management

  2. Name the Company • Michael Dell • Sam Walton • Steve Jobs • Tom Anderson • Philip Knight • Wally Amos • Henry Ford • Rose Blumkin • Mark Cuban • Russell Simmons • Dave Thomas • Bill Gates • Ray Kroc • Walt Disney

  3. Entrepreneurship • Entrepreneur – One who organizes, manages, and assumes the risks of starting a business • Reasons for increase in small businesses: • Government Encouragement • Easy to Start • Lower Capital • Control Your Own Fate

  4. Franchises • Franchise – legal agreement between a parent company and distributor to sell a product • Franchiser – parent company • Franchisee – distributor of the product or service • Examples – Budget Rent-a-Car, Denny’s, Goodyear, Howard Johnson, Orange Julius, Pizza Hut, Sbarro, Inc., TCBY, Wendy’s

  5. Risks Economy Disaster Fraud Inexperience Poor Strategy Obligations Financial Time Commitment Community Ownership

  6. Intrapreneurship • An entrepreneurial entity working within an established business • Employee given funds and freedom to create a special unit or department for development • Usually found in companies that place a high value on innovation, such as IBM, 3M, Apple, etc.

  7. Assignment Choose an entrepreneur, research his/her history, and enter the information into the PowerPoint template provided

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