1. entrepreneurship
Business Management 2b

2. Entrepreneurship and intrapreneurship
Module 1
Entrepreneurship and intrapreneurship

3. What is entrepreneurship?
See page 8 & 9 of study guide
Involves the creation and building of value & benefits

4. Some points on entrepreneurship
Building long term value
Durable cash flows
Entrepreneurship can be developed

5. Benefits of entrepreneurship
To the economy
To the entrepreneur
Establishment & management of small businesses
Sale of products & services
Creation of employment
Profits
Contributing to society
Recognition of efforts

6. Profile of an entrepreneur
Innovators
Skilled in identifying new products, opportunities & methods of production
Creators of value
Through innovation they present profitable products & ventures that did not previously exist

7. The entrepreneur Starts their own business Manages their own business
Buys a business
Identifies new products or opportunities
Is creative or innovative
Organises & controls factors of production
Takes calculated risks

8. Examples of entrepreneurs
discussion

9. Match the Entrepreneur with the business
Ray Kroc
Mvelapandla
Herman Mashaba
Pick n Pay
Sol Kersner
Rembrandt
Mark Shuttleworth
Famous Brands
Tokyo Sexwale
Thawte
Raymond Ackerman
McDonalds
Anton Rupert
Black Like Me
George Halamandres
African Rainbow
Patrice Motsepe
Sun International

10. The importance of entrepreneurs
“spark plug” – activate & stimulate the economy
Small businesses create more jobs than big business
Big business started off small!
The most successful economies are those that have the most entrepreneurs

11. Qualities of an entrepreneur
Skill, expertise & aptitude
Persistence – try again
Commitment – “skin in the game”
Involvement – owner managed & taking calculated risks
Relationship builder
Creative – original ideas & different ways
Positive attitude

12. intrapreneurship
Entrepreneurship practiced within an existing organisation
Corporates encouraging managers to think & act like entrepreneurs
The mavericks within the enterprise

13. intrapreneurship Encouraging factors Discouraging factors
Competitive advantage
Creativity encouraged
Executive Champions
Incentives & recognition
skunkworks
Cost of failure too high
Not willing to change
No rewards

14. Objectives of an entrepreneur
Control over your own destiny
Reach your full potential
Contribute to society
Recognition
Career change
Profit
Boredom & creativity