Presentation on theme: "Business Management Chapter 1.2 Glencoe Business Management"— Presentation transcript:
1Business Management Chapter 1.2 Glencoe Business Management EntrepreneurshipBusiness Management Chapter 1.2Glencoe Business Management
2Name the Company Michael Dell Sam Walton Steve Jobs Tom Anderson Philip KnightWally AmosHenry FordRose BlumkinMark CubanRussell SimmonsDave ThomasBill GatesRay KrocWalt Disney
3EntrepreneurshipEntrepreneur – One who organizes, manages, and assumes the risks of starting a businessReasons for increase in small businesses:Government EncouragementEasy to StartLower CapitalControl Your Own Fate
4FranchisesFranchise – legal agreement between a parent company and distributor to sell a productFranchiser – parent companyFranchisee – distributor of the product or serviceExamples – Budget Rent-a-Car, Denny’s, Goodyear, Howard Johnson, Orange Julius, Pizza Hut, Sbarro, Inc., TCBY, Wendy’s
5Ownership Obligations Risks Financial Economy Time Commitment Disaster CommunityRisksEconomyDisasterFraudInexperiencePoor Strategy
6IntrapreneurshipAn entrepreneurial entity working within an established businessEmployee given funds and freedom to create a special unit or department for developmentUsually found in companies that place a high value on innovation, such as IBM, 3M, Apple, etc.
7AssignmentChoose an entrepreneur, research his/her history, and enter the information into the PowerPoint template provided