1. 5.72 Entrepreneurs and Innovators

2. □ I can describe and list the contributions made by entrepreneurs to American Culture including…
Ray Kroc
Sam Walton
Fred Smith
Michael Dell
Steve Jobs
Bill Gates

3. Those who start successful businesses typically find a need in the community and then they fill it. These people are called entrepreneurs.
IN YOUR COMP. BOOK:
In your own words write a definition for entrepreneur.

4. Entrepreneurs are usually innovative
Entrepreneurs are usually innovative. They introduce new ideas and new products to the public.
IN YOUR COMP. BOOK:
Write a definition for innovative.

5. An innovative person is someone who is original and creative in his or her thinking.

6. There have been several innovative entrepreneurs who have shaped American culture.
List the following men in your comp. book and list their contributions to American business:
Ray Kroc
Sam Walton
Fred Smith
Michael Dell
Steve Jobs
Bill Gates

7. Many of America’s most successful “brands” and companies were started by people who simply had an idea for a product or a passion to invent a better product. Today, we are going to learn about some of these people and the businesses they began.

8. 1. Ray Kroc Read Ray Kroc’s biography at this link:

9. Guiding questions:
What was the idea that Ray Kroc pitched to the two McDonalds brothers?
What was unique about Ray’s philosophy (beliefs about business)?
What were the three legs in the “stool”?

10. 2. Sam Walton
Sam Walton was an American businessman best known for founding the retail chain Wal-Mart, which grew to be the world’s largest corporation.
Sam Walton was born on March 29, 1918, in Kingfisher, Oklahoma. Walton opened the first Wal-Mart in 1962, after years in the retail management business. The discount chain expanded internationally over the next 30 years, growing into the world’s largest company by Walton stepped down as CEO in 1988, at the age of 70, but remained active in the company until his death in 1992.

11. List Sam Walton’s contribution to American culture.
List 2 interesting facts.

12. 3. Fred Smith
Guiding Questions:
1) Who told Fred that an idea of overnight delivery was not practical?
2) Other companies began to copy FedEx’s overnight delivery model. What “edge” does FedEx have over other companies?

13. List Fred Smith’s contribution to American culture.
List 2 interesting facts.

14. Michael Dell

15. List Michael Dell’s contribution to American culture.
List 2 interesting facts.

16. Steve Jobs

17. List Steve Job’s contribution to American culture.
List 2 interesting facts.

18. 6. Bill Gates

19. List Bill Gates’ contribution to American culture.
List 2 interesting facts.

20. Here are some clues to help you out… can you match the logo to the right person?
1. Ray Kroc
2. Sam Walton
3. Fred Smith
4. Michael Dell
5. Steve Jobs
6. Bill Gates
a) b) d)
e) f)

21. Seat Work
Complete graded activity at your seat without using your comp. book.

22. The Answers: 1. Ray Kroc- a 2. Sam Walton- e 3. Fred Smith- d
4. Michael Dell- f
5. Steve Jobs- c
6. Bill Gates- b
a) b) d)
e) f)