Scribd
Upload
30 views

Big Idea') Due To:: Unpleasant Work Environment Disruption Completion of Educational Degree

The document discusses the entrepreneurial decision process and factors that influence pursuing a new venture or business idea. It describes three types of startups - lifestyle firms with little growth, foundation companies that create new industries, and high-powered ventures with significant interest and publicity. Entrepreneurship plays an important role in economic development by generating most new jobs and employment. The future of entrepreneurship is assured due to growing university course offerings, societal support, and opportunities for entrepreneurship within large companies.

Uploaded by

Zohaib Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
30 views

Big Idea') Due To:: Unpleasant Work Environment Disruption Completion of Educational Degree

The document discusses the entrepreneurial decision process and factors that influence pursuing a new venture or business idea. It describes three types of startups - lifestyle firms with little growth, foundation companies that create new industries, and high-powered ventures with significant interest and publicity. Entrepreneurship plays an important role in economic development by generating most new jobs and employment. The future of entrepreneurship is assured due to growing university course offerings, societal support, and opportunities for entrepreneurship within large companies.

Uploaded by

Zohaib Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 16

Entrepreneurial Decision Process

refers to the decision to leave a


present career or lifestyle (to
pursue that big idea) due to:
Unpleasant work environment
Disruption
Completion of educational degree.
How will the completion of your educational
program influence your entrepreneurial
decision process? Got any big ideas?
Change From Present
Lifestyle
Desirability Of New
Venture Formation
Possibility Of New
Venture Formation
Decision for
Potential
Entrepreneur
Form new enterprise
Desirable

Culture.
Family
Teachers
Peers

Possible
Government
Background
Marketing
Financing
Role Model
Change From
Present Lifestyle

Work environment
Disruption
Degree Completion
Types Of Start-ups
1.A lifestyle firm exists primarily to support
the owners and usually has little growth
opportunity.
2.Foundation companies are firms created
from research and development that lay
the foundation for a new
industry.
3.High powered ventures
(gazelles) are new companies
that receive the greatest interest
and publicity.
There are 3 types of startup ventures:
Role Of
Entrepreneurship In
Economic Development
95% of all firms
Generate 60-90% of all employment
Each year 4-6% of adult working
population in North America and Europe
start a new venture

Government As An
Innovator
Intrapreneurship

Entrepreneurship

Entrepreneurial Careers
And Education
The future of entrepreneurship is
assured.
Most U.S. Universities are
offering courses.
Societal support is strong.
Intrapreneurship
(entrepreneurship within
an existing company)
helps large companies
respond to hyper-
competition.
Types of skills required
in Entrepreneurship
Types of Skills Required in Eship
Technical Business
Management
Personal
Writing Planning Inner Control
Oral
Communication
Decision
Making
Risk Taking
Monitoring the
Environment
Human
Relations
Innovative
Using
Technology
Marketing
(Selling)
Change-
oriented
visionary

You might also like