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Lecture notes Business Management (Cbma) Introduction to Business Management
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Best summary of chapter2 of the textbook
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Varsity College BCOM Year 1 Business Management 1A LU 10
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Varsity College BCOM Year 1 Business Management 1A LU 8
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CHAPTER 2ENTREPRENEURSHIP
Introduction
Different concepts on what an entrepreneur is
The renaissance of entrepreneurship
Entrepreneurship in South Africa
The role of entrepreneurs and small-business owners in society
Why do entrepreneurs do what they do?
The small business
The entrepreneurial process
,Chapter 2 : Entrepreneurship
• Introduction
• Different concepts on what an entrepreneur is
• The renaissance of entrepreneurship
• Entrepreneurship in South Africa
• The role of entrepreneurs and small-business
owners in society
• Why do entrepreneurs do what they do?
• The small business
• The entrepreneurial process
• Summary
, Introduction
• Entrepreneurs are driving force behind
business organisation
• Decide what, how, by whom and for whom
products and services should be produced
• Someone who starts a business with
intention of making profit
• Assumes risk of losing resources
• Mobilise land, labour and capital
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