Lecture notes Business Management (Cbma) Introduction to Business Management

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

,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