Global Entrepreneurship and Intrapreneurship PDF

DONDOY, MARY DIANE INTERNATIONAL TRADE GLOBAL ENTREPRENEURSHIP AND INTRAPRENEURSHIP ENTREPRENURSHIP VS. INTRAPRENEURSHIP ENTREPRENEUR/S ✓ The linchpin of the economy is an imp...

DONDOY, MARY DIANE INTERNATIONAL TRADE GLOBAL ENTREPRENEURSHIP AND INTRAPRENEURSHIP ENTREPRENURSHIP VS. INTRAPRENEURSHIP ENTREPRENEUR/S ✓ The linchpin of the economy is an important part of our economic system. (Linchpin is a person or thing that holds something together: the most important part of a complex situation or system) ✓ (Webster’s dictionary) “the organizer of an economic venture, especially one who organizes, owns, manages, and assumes the risks of a business. ✓ A French word means “to undertake”. ✓ Are distinct from small business owners, rely on creativity and innovation – new products, new methods, or new markets. ENTREPRENEURSHIP ✓ The recognition of opportunities (needs, wants, problems, and challenges) and the use of creation of resources to implement innovative ideas for new, thoughtfully planned ventures. ✓ Concerned with new ideas connected to new markets. ✓ Not always for profit. There are entrepreneurial ventures that are nonprofit. Social Entrepreneurs – look for and implement solutions to societal problems; their focus is to solve problem or create a benefit to humanity. INTRAPRENEURSHIP ▪ A grade/type of entrepreneurship within a given system or entity. Balanced dimensions of the right level assure graded sustainable intrapreneurial (GSI) for optimal output. MYTHS ABOUT ENTREPRENEURSHIP 1. Entrepreneurs are born, not made. 2. Entrepreneurs are aggressive risk takers. 3. Entrepreneurs must invent something new. 4. Entrepreneurs make more money. 5. Being first is essential. 6. A good product means a successful business. 7. It takes a lot of money to start a business. 8. Age is limit. THE ENVIRONMENTS OF ENTREPRENEURSHIP AND INTRAPRENEURSHIP 1. Political 2. Socioeconomic 3. Technological 4. Legal 5. infrastructure CHARACTERISTICS OF ENTREPRENEURSHIP ▪ Vision ▪ Drive ▪ Hard work ▪ Knowledge ▪ Conscientious planning ▪ Dynamism ▪ Positivism  DONDOY, MARY DIANE INTERNATIONAL TRADE GLOBAL ENTREPRENEURSHIP AND INTRAPRENEURSHIP Entrepreneurship/intrapreneurship environment – refers to the various facets within which entrepreneurship and intrapreneurship operate and survive. POLITICS ✓ Comes from the Greek word “polis” which means “city state”. ✓ The art and science of government. ✓ An art because it involves the process through which the government skillfully addresses the needs of society. ✓ A science as it is a systematic body of knowledge that deals with the government. Some of the biggest ways that political activity can shape entrepreneurial decisions and outlook include the following: a) Demographic insights b) Periods of activity or inactivity in legislation c) Fears on new developments d) Excitement over new developments e) Cultural attitudes and buying decisions SOCIOECONOMIC ✓ Means the interaction of social and economic factors. ✓ Economic – relates to trade, industry, and the creation of wealth. Economic system – an organize way in which a country allocate resources and distributes goods and services across the whole nation, a type of social system. SOCIOECONOMIC FACTORS THAT WILL AFFECT ENTREPRENEURSHIP 1. Financial viability and social standing 2. Culture and/or ethnicity 3. Level of education 4. Income and occupation 5. Health and lifestyle 6. Quality of neighborhood Technological advancements - helps public and private enterprises and entrepreneurs to gain competitive edge as these advancements bring about efficiency, productivity, and profitability. For a Legal environment to be efficient to support entrepreneurship, it should provide entrepreneurs with rights and protections, and it should offer simple legal procedures for start-ups. Infra means “below”, so infrastructure is the “underlying structure” of a country and its economy, the fixed installations that it needs in order to function.