BUSN412 Entrepreneurship Course Discussions

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BUSN412 Entrepreneurship Course Discussions
From our readings this week, we learned there are different ways of entrepreneurship. Find an example…

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BUSN412 Entrepreneurship Course Discussions

BUSN412 Entrepreneurship Course Discussions

Week 7 All Students Posts – 26 Pages 

From our readings this week, we learned there are different ways of entrepreneurship. Find an example and share it here, explaining why you choose it and what it teaches us. The primary purpose of corporate entrepreneurship is to pursue new venture opportunities and to seek strategic renewal. What does this mean to you and where might you have seen these applied? New product development is critical here. Look at the Stage-Gate approach (see lecture) and discuss why it has emerged as more efficient?

There is another extreme: the entrepreneur whose sole purpose is to generate revenue (and profits).   A positive example is someone who opens up a dry cleaner. This entrepreneur is likely not motivated by some deep-seeded passion for dry cleaning. He or she does not wake up one morning and say “aha, people want their clothes cleaned and pressed!” (with the possible exception of the very first dry cleaner).  The dry cleaner is motivated by a whole host of reasons, but I think it’s fair to assume that the primary purpose of running the dry cleaning business is to earn a living…