1. Business Management Chapter 1.2 Glencoe Business Management
Entrepreneurship
Business Management Chapter 1.2
Glencoe Business Management

2. Name the Company Michael Dell Sam Walton Steve Jobs Tom Anderson
Philip Knight
Wally Amos
Henry Ford
Rose Blumkin
Mark Cuban
Russell Simmons
Dave Thomas
Bill Gates
Ray Kroc
Walt Disney

3. Entrepreneurship
Entrepreneur – One who organizes, manages, and assumes the risks of starting a business
Reasons for increase in small businesses:
Government Encouragement
Easy to Start
Lower Capital
Control Your Own Fate

4. Franchises
Franchise – legal agreement between a parent company and distributor to sell a product
Franchiser – parent company
Franchisee – distributor of the product or service
Examples – Budget Rent-a-Car, Denny’s, Goodyear, Howard Johnson, Orange Julius, Pizza Hut, Sbarro, Inc., TCBY, Wendy’s

5. Ownership Obligations Risks Financial Economy Time Commitment Disaster
Community
Risks
Economy
Disaster
Fraud
Inexperience
Poor Strategy

6. Intrapreneurship
An entrepreneurial entity working within an established business
Employee given funds and freedom to create a special unit or department for development
Usually found in companies that place a high value on innovation, such as IBM, 3M, Apple, etc.

7. Assignment
Choose an entrepreneur, research his/her history, and enter the information into the PowerPoint template provided