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Title: Entrepreneurship 1 Entrepreneurship • Mark English • Mark Wetzel • Beth Knott • Dustin Branham 2 Overview • What is an entrepreneur? • Characteristics of an entrepreneur • Planning to be an entrepreneur • Growth pressures, managing a family business, and corporate intrapreneurship 3 Entrepreneurs V. Intrapreneurs • Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. • Intrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the innovation of the firm.
• Intrapreneurs often become entrepreneurs. 4 Intrapreneurship • Learning organizations encourage intrapreneurship. • Organizations want to form • Product Champions people who take ownership of a product from concept to market. • Skunkworks a group of intrapreneurs kept separate from the rest of the organization. • New Venture Division allows a division to act as its own smaller company. • Rewards for Innovation link innovation by workers to valued rewards. 5 Small Business Owners • Small business owners are people who own a major equity stake in a company with fewer than 500 employees. Rocket Download Free on this page.
• In 1997 there were 22.56 million small business in the United States. • 47 of people are employed by a small business. 6 Employee Satisfaction • In companies with less than 50 employees, 44 were satisfied. • In companies with 50-999 employees, 31 are satisfied. • Business with more than 1000, only 28 are satisfied. 7 Employee Satisfaction 8 Advantages of a Small Business • Greater Opportunity to get rich through stock options • Feel more important • Feel more secure • Comfort Level 9 Disadvantages of a Small Business • Lower guaranteed pay • Fewer benefits • Expected to have many skills • Too much cohesion • Hard to move to a big company • Large fluctuations in income possible 10 Who are entrepreneurs?
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