Difference between revisions of "Introduction to entrepreneurship/IENT101/Nature/Define"

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'''Readings should not be skipped.''' They are an integral part of the course. You need to do them.
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'''Readings are really important for your learning.''' They are a key part of any OERu course, so do make time to read any of the suggested articles, in a comfortable space, maybe with paper and a pen, in case you want to make notes.
  
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# Boundless. [https://www.boundless.com/management/textbooks/boundless-management-textbook/introduction-to-management-1/entrepreneurship-22/introduction-to-entrepreneurship-140-3911/ Introduction to Entrepreneurship]. Boundless Management Boundless, 26 May 2016.
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# Saylor. [https://learn.saylor.org/mod/page/view.php?id=4882 Principles of Entrepreneurship: "What is Entrepreneurship?"] Saylor, 20 May 2015.
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# [https://courses.lumenlearning.com/boundless-management/chapter/entrepreneurship: "Introduction to Entrpreneurship"]. Lumen Boundless Management, n.d.
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# Saylor. [https://learn.saylor.org/mod/page/view.php?id=5550 Getting Started as an Entrepreneur: "Entrepreneurship Is..."] Saylor, 17 June 2015.
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# [https://learn.saylor.org/mod/page/view.php?id=4882 Principles of Entrepreneurship: "What is Entrepreneurship?"] Saylor, 20 May 2015.
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# [https://learn.saylor.org/mod/page/view.php?id=5550 Getting Started as an Entrepreneur: "Entrepreneurship Is..."] Saylor, 2 November 2017.
  
 
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From the readings, which definition of entrepreneurship is most meaningful for you? Why?
  
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* Many organizations now exist to support or utilize entrepreneurship. Which is best defined as a place where under-developed ideas can procure resources and attention to develop into useful innovation?
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'''WEnote'''
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** Business incubator
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*** '''Correct''': business incubators nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development.
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** Non-governmental organization (NGO)
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*** '''Incorrect''': try again
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** Specialized government agencies
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*** '''Incorrect''': try again
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** Science park
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*** '''Incorrect''': try again
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* According to Joseph Schumpeter, what is the ideal definition of an entrepreneur?
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** Incremental improvements designed to ultimately generate meaningful impact.
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*** '''Incorrect''': try again
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** Utilizing business acumen to undertake innovations and finance to product economic goods.
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*** '''Incorrect''': try again
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** A person willing and able to convert a new idea or invention into a successful innovation.
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*** '''Correct''': great you did the reading :)
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** Risk-taking behavior in the name of a new idea.
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*** '''Incorrect''': try again
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'''References'''
 
'''References'''
 
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Latest revision as of 02:06, 9 October 2018

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Before we can start exploring entrepreneurship, let's define what an entrepreneur is. An entrepreneur can be defined as:

  • A person who starts, organizes, and manages any enterprise, especially a business, usually with considerable initiative and risk. [1]
  • Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.[2]
  • A person who sets up a business or businesses, taking on financial risks in the hope of profit.[3]
  • A person who is willing and able to convert a new idea or invention into a successful innovation.[4]

In a nutshell, we can see that entrepreneurs

  • start businesses
  • take financial risks, and
  • are innovative
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Required reading

Readings are really important for your learning. They are a key part of any OERu course, so do make time to read any of the suggested articles, in a comfortable space, maybe with paper and a pen, in case you want to make notes.


  1. "Introduction to Entrpreneurship". Lumen Boundless Management, n.d.
  2. Principles of Entrepreneurship: "What is Entrepreneurship?" Saylor, 20 May 2015.
  3. Getting Started as an Entrepreneur: "Entrepreneurship Is..." Saylor, 2 November 2017.



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Discussion

From the readings, which definition of entrepreneurship is most meaningful for you? Why?

WEnote

Post your comment(s) below and then look on the course feed page to see what others have posted.

If you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT101.
Note: Your comment will be displayed in the course feed.




References

  1. ↑ http://www.dictionary.com/browse/entrepreneurship
  2. ↑ http://www.businessdictionary.com/definition/entrepreneur.html
  3. ↑ https://en.oxforddictionaries.com/definition/entrepreneur
  4. ↑ https://courses.lumenlearning.com/boundless-management/chapter/entrepreneurship
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