Enterprise, Entrepreneurship And Intrapreneurship. Enterprise

Introduction Entrepreneur came from the French word called ‘Enteprendre’, which means ‘to undertake’ when translated into English and that is what entrepreneurs basically do. This report not only discusses what entrepreneurship is but also the different methods an entrepreneur can use to develop a business and how a new/fresh business can help the economy and third world countries too. This report explains what can go wrong within a business and what sorts of misconceptions there are, and if they’re true or not. Definition of enterprise, entrepreneurship and intrapreneurship Enterprise is a project that is especially bold, difficult or complex such as starting a business for example THE BBC or Oxfam. An entrepreneur is somebody who†¦show more content†¦Such as, in Cromie and Johns (1983) study where they identified similar characteristics/traits being important for a successful business. Other research from Gibb’s (2005) has suggested that the skills that an entrepreneur needs include decision making, coping with uncertainty and complexity, building relationships, a creative approach to problem solving, negotiation and being persuasive. Gibb’s also suggested attributes that a entrepreneur should have, this includes sense of belief in self, independence, goal/achievement orientated, commitment, ownership over own actions. He also suggested behaviours that an entrepreneur should have, they include being able to seek and take opportunities, initiative, building and developing networks, assessing and taking risks, holistic management of situations and having a strategic thinking. The importance of enterprise, entrepreneurship and small businesses in the context of the wider economy as well as the individual or team The importance of enterprise, entrepreneurship and small businesses in the context of the wider economy as well as the individual or team is to develop personal relationships, this is because small businesses can help build personal relationships with a lot of different people, such as the suppliers, customers and employees. A second important factor is the inventiveness and innovation from the enterprise, entrepreneur and small business. It isShow MoreRelatedInnovation, Entrepreneurship, And Innovation1559 Words   |  7 PagesInnovation, Entrepreneurship, and Intrapreneurship 2 INTRODUCTION Innovation, entrepreneurship and intrapreneurship is bringing your vision, creativity to life while building something of value that customers are willing to pay for. 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