Edexcel-Role of an entrepreneur 1.5 Flashcards
1
Q
Entrepreneur
A
person who is willing and able to create a new business idea or invention.
2
Q
What do entrepreneur’s do?
A
Gather and coordinate the resources neccesary.
Make decisions which will determine the success or failure of the business.
Taking risks financially, personally and professionally.
3
Q
Intrapreneurship
A
Refers to promoting entrepreneurial thinking and behaviour within and existing business
4
Q
Barriers to entrepreneurship
A
Access to limited finance
Fear of failure
lack of training
5
Q
Risk
A
Can be planned for, probabilities of an outcome.
6
Q
uncertainty
A
Caused by factors outside of business control.
7
Q
Why do businesses use intrapeneurship?
A
Creates culture
Taps into creative potential
Develop new ideas
