CH1: Nature of Entrepreneurship

entrepende, “to undertake

origin of entrepreneurship

provision of services

literature of entrepreneurship

• key driver in society

• individual lifelong process

• energize school management

• transform learners to be innovators

importances of entrepreneurship in edu.

to create and build an enterprise from practically nothing

Donald F. Kuratko’s definition of entrepreneurship

creation of an innovative economic organization for growth under conditions of risk and uncertainty

Mare J. Dollinger’s definition of entrepreneurship

making the world forever new/taking aggressive action

entrepreneurship according to the spirit of enterprise

invention

totally new product, service materials/process

Extension

new use/different application to an existing product

Duplication

creative application of an existing concept

Synthesis

combination of existing concepts/factors into a new formulation

entrepreneurship as an approach

considers the business opportunity as a chance to solve the problem than solving the problem itself

entrepreneurship as a process

a dynamic process of innovation and new-venture creation through dimensions

Person A: Line Worker

low management skills as well as low entrepreneurial competenciesP

Person B: Manager

high managerial skills low entrepreneurial competencies

Person C: Artist

low managerial skills high entrepreneurial competencies

Person D: Entrepreneur

high managerial skills and high entrepreneurial competencies