MGT3960 Entrepreneurship Management Fall 2015

"There's a way to do it better—find it."— Thomas Edison

Category Archives: Weekly Topics

November 11, 2015
by Daniel Kvist
Comments Off on Managing Resources – Money & People

Managing Resources – Money & People

What financial measurements should be prepared to measure company performance? There are three main financial documents that need to be prepared to measure the economically performance of your company: The balance sheet The income statement; and The statement of cash flows What are the categories and steps in preparing a financial budget? Prepare Financial Projections … Continue reading Managing Resources – Money & People → Continue reading →

November 4, 2015
by na134373
Comments Off on Technology Entrepreneurship

Technology Entrepreneurship

1) Name three factors that impact how a new technological innovation fits existing markets conditions. One factor would be the early users’ experience as well as its positive qualities and already determined standards in the market, these can serve as samples to follow. Another factor would be the already set government regulations; they would impact […] Continue reading →

November 4, 2015
by gd079324
Comments Off on Technology Entrepreners

Technology Entrepreners

11/4/15   New technological innovations have to adopt and fit into the existing market conditions. Some factors that impact how new technological innovation fits existing market conditions are path dependencies, network effects, standards and compatibilities. Path dependencies: the person must take into account the history of developments that are already being embedded in business. A […] Continue reading →

November 4, 2015
by gd079324
Comments Off on Social Entrepreneurs

Social Entrepreneurs

10/28/15   The primary drivers of social entrepreneurs are issues that deal with the well being of the planet. These issues include social warming, pollution, etc. Another good description of a social entrepreneur is a person that innovates solutions to society’s most pressing social problems. In my opinion green ventures should be classified as social […] Continue reading →

November 4, 2015
by gd079324
Comments Off on What type of ownership is best for your business?

What type of ownership is best for your business?

10/7/15   What are the factors in deciding what form of ownership is best suited for the potential business? The first thing I think of in deciding the type of ownership for a business is how much control you are willing to give up. For my Daycares I chose to own the business as a […] Continue reading →

November 4, 2015
by gd079324
Comments Off on Why do business plans fail?

Why do business plans fail?

9/30/15   Why do business plans fail?   A successful business plan is one that is able to attract investors and funding. It is used by entrepreneurs as a guide for the company and shows investors what the business is about, a market analysis for the product or service you will be providing, who are […] Continue reading →

November 4, 2015
by gd079324
Comments Off on What is an entrepreneur?

What is an entrepreneur?

9/2/15   My definition of being an entrepreneur is having the innovation, ambition and courage to start your own business from the ground up, not always having a back-up plan. Entrepreneurs give everything to have their business succeed and have creative new ideas to set them apart from other similar businesses. Before reading the first […] Continue reading →

November 4, 2015
by m.teyangtatah
Comments Off on Technology Entrepreneurship

Technology Entrepreneurship

Name three factors that impact how a new technological innovation fits existing market conditions Path dependency: the future is an extension of the past, and you must take into account the history of developments that are already embedded in commerce. For example the keyboards. There have been other ones (that are even better) but nobody uses … Continue reading Technology Entrepreneurship → Continue reading →

November 4, 2015
by Ria Zouroudis
Comments Off on Tachnology Entrepreneurship

Tachnology Entrepreneurship

Name 3 factors that impact how a new technological innovation fits existing market conditions. Early users’ experience is rewarding and immediate This is the point where the early users get that satisfaction that they were the first to try something once it is out. There are many people like this, They want to try it […] Continue reading →