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What is Entrepreneurship?

What is Entrepreneurship?. Entrepreneurs can change the world…. Video. What do we know?. Student Task: In your notes, brainstorm the following: What is an Entrepreneur? What do Entrepreneurs do? Why do people become Entrepreneurs?. An Entrepreneur.

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What is Entrepreneurship?

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  1. What is Entrepreneurship?

  2. Entrepreneurs can change the world… • Video

  3. What do we know? Student Task: • In your notes, brainstorm the following: • What is an Entrepreneur? • What do Entrepreneurs do? • Why do people become Entrepreneurs?

  4. An Entrepreneur Someone who perceives an opportunity and creates an organization to pursue it. Bygraves

  5. Notes • The word "entrepreneur" is derived from the French word "entreprendre," meaning “to undertake.” • Entrepreneur – a person who undertakes and operates a new venture in order to satisfy needs and/or wants that exist in society. • Venture – what the entrepreneur does. In many cases, the venture is a business carried out to make a profit.

  6. Needs -essential for human survival/health. Can be classified into: • Real (basic) or Physical needs (such as water, food, sleep, etc.) AND • Psychological needs (emotional ones, such as love, companionship, security, etc.)

  7. Wants -human desires that are not essential for human survival or health • they make people feel happy • ex. getting highlights in your hair, or buying an iPod

  8. “Famous” Entrepreneurs • Let’s take a moment to study some successful Entrepreneurs. • As you view each of the following Entrepreneurs answer the following: • Who is the Entrepreneur? • What was each Entrepreneur’s venture? • Name: ________________ • Venture:_______________

  9. 1. Bill Gates Microsoft

  10. 2. Ray Kroc McDonalds

  11. 3. Oprah Winfrey HARPO

  12. 4. Sam Walton Wal-Mart

  13. The Lightbulb 5. Thomas Edison

  14. 6. Lawrence Page and Sergey Brin Google

  15. 7. George de Mestral Velcro

  16. 8. Tim Berners-Lee The Internet

  17. 9. Mark Zuckerberg

  18. 10. Howard Shultz – $ 1.1 Billion

  19. 11. Jeff Bezos - $4.4 Billion

  20. 12. Chad Hurley & Steve Chen • YouTube Founders

  21. Assignment • In your binders, list the Entrepreneurs from “most” to “least” important with regard to what each has “given” to society. Be prepared to defend your decision with the class.

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