Chapter 1.0 - What is Entrepreneurship?

Definition

Entrepreneurship is the process of designing, launching, and running a new business. The people who create these businesses are called entrepreneurs. (wikipedia)

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. (businessdictionary.com)

Upon completion of this chapter, the student will be able to:

• understand the meaning and role of entrepreneurship
• describe the characteristics of entrepreneurial ventures
• describe how technology and globalization are changing the Canadian workplace
• describe the impact that entrepreneurs have on a community
• explain the connection between entrepreneurship and the creation of jobs and wealth
• describe the contributions that intrapreneurs can make in the workplace