Management 11e John Schermerhorn - PowerPoint PPT Presentation

Loading...

PPT – Management 11e John Schermerhorn PowerPoint presentation | free to view - id: 72cdf7-NGUyM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Management 11e John Schermerhorn

Description:

Management 11e John Schermerhorn Chapter 6 Entrepreneurship and New Ventures Planning Ahead Chapter 6 Study Questions What is entrepreneurship? – PowerPoint PPT presentation

Number of Views:44
Avg rating:3.0/5.0
Slides: 19
Provided by: Susan795
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Management 11e John Schermerhorn


1
Management 11e John Schermerhorn
  • Chapter 6
  • Entrepreneurship and
  • New Ventures

2
Planning Ahead Chapter 6 Study Questions
  1. What is entrepreneurship?
  2. What is special about small business
    entrepreneurship?
  3. How do entrepreneurs start and finance new
    ventures?

3
Study Question 1 What is entrepreneurship?
  • Entrepreneurship
  • Risk-taking behavior that results in new
    opportunities
  • Serial entrepreneur
  • Starts and runs business and nonprofits over and
    over again
  • First-mover advantage
  • First to exploit a niche or enter a market
  • Entrepreneurs
  • Display entrepreneurial behavior as employees of
    larger firms

4
Study Question 1 What is entrepreneurship?
  • Characteristics of entrepreneurs

5
Study Question 1 What is entrepreneurship?
  • Diversity and Entrepreneurship
  • Women and minority entrepreneurs are growing in
    numbers
  • Necessity-based entrepreneurship
  • People start a business because no other
    employment opportunities exist
  • Social entrepreneurship
  • Unique form of ethical entrepreneurship that
    seeks new ways to solve pressing social problems
  • Social entrepreneurs
  • Take risks to find new ways to solve pressing
    social problems such as poverty, literacy,
    illness,homelessness

6
Study Question 2 What is special about small
business entrepreneurship?
  • Small business have fewer than 500 employees

7
Study Question 2 What is special about small
business entrepreneurship?
  • Starting a small business
  • Startup
  • New and temporary venture that is trying to
    establish a profitable business model
  • Franchise
  • One business owner sells to another the right to
    operate the same business in another location
  • Lean startups
  • Use free software and web services while staying
    small and keeping operations simple

8
Study Question 2 What is special about small
business entrepreneurship?
  • Options for starting a small business

9
Study Question 2 What is special about small
business entrepreneurship?
  • Types of internet business models

10
Study Question 2 What is special about small
business entrepreneurship?
  • Family owned businesses
  • Largest percentage of businesses worldwide
  • Feuds result when family members disagree over
    how the business is run
  • Possible succession problems
  • Who will run the business when the current head
    leaves?
  • Succession plan outlines leadership transition
    and financial matters

11
Study Question 2 What is special about small
business entrepreneurship?
  • Why small businesses fail
  • SBA reports as many as 60 80 fail

12
Study Question 2 What is special about small
business entrepreneurship?
  • Small business development
  • Business incubator
  • Offers space, shared services and advice to get
    small businesses started
  • Small Business Development Centers
  • Founded with U.S. Small Business Administration
    to provide advice to new and existing small
    businesses

13
Study Question 3 How do entrepreneurs start and
finance new ventures?
  • Life cycles of entrepreneurial firms

14
Study Question 3 How do entrepreneurs start and
finance new ventures?
  • Business plan
  • Describes goals, operating plans and financing
    for a new business
  • Banks want to see a well-developed business plan
    before loaning money
  • Forms of ownership
  • Sole Proprietorship
  • An individual or married couple pursuing business
    for a profit

15
Study Question 3 How do entrepreneurs start and
finance new ventures?
  • Forms of ownership
  • Partnership
  • Two or more people agree to contribute resources
    to start and operate a business together

16
Study Question 3 How do entrepreneurs start and
finance new ventures?
  • Forms of ownership
  • Corporation
  • A legal entity that exists separately from its
    owners
  • Limited Liability Company (LLC)
  • A combination of sole proprietorship,
    partnership, and corporation
  • Protects owners against personal loss other than
    what is invested in the company
  • Treated as a proprietorship or partnership for
    tax purposes

17
Study Question 3 How do entrepreneurs start and
finance new ventures?
  • Financing
  • Debt Financing
  • involves borrowing money from another person, a
    bank, or a financial institution
  • Equity Financing
  • involves exchanging ownership shares for outside
    investment monies
  • Venture Capitalists
  • Involves making large investments in new ventures
    in return for an equity stake in the business
  • Financing
  • Angel Investor
  • A wealthy individual willing to invest in return
    for equity in a new venture
  • Initial Public Offering (IPO)
  • An initial selling of shares of stock to the
    public at large

18
Chapter 6 Case
  • Sprinkles Leading a sweet trend
About PowerShow.com