Assignment 1-1: What is Entrepreneurship/Entrepreneur

http://www.entrepreneur.com/article/228655

1. Entreprenuer is a risk taker.

1.1 Sensation-seeking.
1.2 Concern about consequences.
1.3 Impulsiveness
1.4 Denial.
http://www.businessweek.com/debateroom/archives/2012/02/entrepreneurship_outperforms_innova
tion.html
2. An innovation individual.
http://en.wikipedia.org/wiki/Factors_of_production
3. Entrepreneurship. In economics, facts are land, labour and natural resources.
https://www.boundless.com/management/textbooks/boundless-management-textbook/introductionto-management-1/entrepreneurship-22/introduction-to-entrepreneurship-140-3911/
4. Social and political forms of entrepreneurial activity, which are often referred to as social
entrepreneurship.
http://www.entrepreneur.com/article/235760
5. Success & Failure.
5.1 For entrepreneurs, the ability to embrace failure -- or at least the prospect of it -- is
essential for success. This doesnt mean you shouldnt try to avoid failure, but you
should embrace it when it becomes inevitable.
http://www.entrepreneur.com/article/65672
6. Public relations is important.
6.1 According to Public Relations News, "Public relations is the management function
which evaluates public attitudes, identifies the policies and procedures of an
individual or an organization with the public interest, and plans and executes a
program of action to earn public understanding and acceptance."
http://www.mindtools.com/pages/article/newSTR_94.htm
7. Marketing. 4Ps skills are:
7.1 Product (or Service).
7.2 Place.
7.3 Price.
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7.4 Promotion.
http://en.wikipedia.org/wiki/Entrepreneurship_ecosystem
8. Operates within an entrepreneurship ecosystem.
Entrepreneurship ecosystem refers:
8.1 Element - individuals, organizations or institutions outside the individual
entrepreneur that are conducive to, or inhibitive of, the choice of a person to
become an entrepreneur, or the probabilities of his or her success following launch.
Ecosystem means:
8.2 A biological community of interacting organisms and their physical environment.
8.3 A complex network or interconnected system. (In general use.)
9. Develops business model. Business model refers:
9.1 Revenue
9.2 Customer base
9.3 Stocks or products
9.4 Financing
10. Increase competitive global marketplace.
11. Improving existing product Rebranding.
http://www.entrepreneurs-journey.com/6771/how-entrepreneurs-adapt-to-change/
12. Adapt to changing environments.
12.1
Why? Change is constant in a business environment
How:
12.2
Embracing change.
12.3
Trying new things.
12.4
Growing in some ways are mandatory choices every entrepreneur must make.
Changes:
12.5
12.6
12.7
12.8
12.9
12.10
12.11
12.12
12.13

Evolution
More Knowledge and Experience
Investment Capital
Changing Needs and Goals
Adaption
Technology
Competition
Customer Demands
Business Environment

13. Start a business.

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14. A generator of new idea and business process.

15. Risks in order to make profit.
http://www.businessinsider.com/small-business-entrepreneur-startup-which-do-you-identify-with2011-3?IR=T&
16. Willing to launch a new enterprise.