Entrepreneurship

1. Entrepreneurship Revision

2. What makes an entrepreneur? 3 main things in common: • see o________ where others see p______ • can live with r____ and f_______ • have a d________ to r____ their own lives: • have a problem with a________ • come from difficult b_________

3. What makes an entrepreneur? 3 main things in common: • s__ opportunity where others see problems • can _____ with risk and failure • have a determination to run their o__ l___: • have a p______ with authority • come _____ difficult backgrounds

4. ??? “An activity or art where those who have not yet succeeded and those who have proved unsuccessful are led by those who have not yet failed.”

5. Management “An activity or art where those who have not yet succeeded and those who have proved unsuccessful are led by those who have not yet failed.” Paulsson Freckner, 1985

6. Not the same kind of people? ENTREPRENEURS vs. MANAGERS (RB:p.32)

7. Not the same kind of people? Sort out and compare ENTREPRENEURS vs. MANAGERS (RB:p.32) conventional background vs. troublemaker college dropout vs. well-educated able to rise through the ranks vs. builds companies from nothing troublemaker vs. promising kid take risk vs. avoid risk Use: 1. while, on the one hand – on the other hand, whereas, compared to, on the contrary 2. usually, tend to be, are likely to be...

8. MANAGEMENT

9. Effective management?- something you are born with?Dilemma: N _ _ _ _ e or n _ _ _ _ _ e → MK, p 12 What is management?

10. What is management?Scan the text and match paragraphs and headings Number the paragraphs and match with headings A Top management functionsB Developing peopleC Motivating and communicatingD Why is management important?E PlanningF Nature or nurture? Or both?G Measuring performanceH The 5 functions of managers according to P. DruckerI Organizing Headings and paragraphs 1D 2H 3E 4I 5C 6G 7B 8A 9F

11. Matching Are all headings on the same level? Draft notes! (Headings only – leave space) Read carefully. Get help with words you don’t know. → Vocabulary, p 13 Vocabulary check 1 D 2 E 3 B 4 F 5 H 6 G 7 A 8 C HW: 2 Complete sentences below (p 13)

12. set accomplish develop allocate analyze select perform attain motivate meet make communicate supervise measure achieve execute What do managers do?

13. accomplish develop allocate analyze select perform attain motivate communicate supervise measure achieve execute ? Verbs and nouns

14. accomplish develop allocate analyze select perform attain motivate communicate supervise measure achieve execute accomplishment development allocation analysis sg./analyses pl. selection performance attainment motivation communication supervision measurement achievement execution Verbs and nouns

15. set accomplish develop allocate analyze select perform attain motivate meet make communicate supervise measure achieve execute targets people tasks subordinates performance objectives strategies tactics resources business activities objectives decisions Match the two columns to establish collocations used in the text (MK p.12):

16. Managers are in charge of... ...planning: i.e. ... ...organizing: i.e. ... ...integrating: i.e. ... ...measuring: i.e. ... ...developing: i.e. ... Read MK (Unit 2, p.12) and explain what is meant by the concepts mentioned above.

17. Managers are in charge of... ...planning (objectives, strategies, tactics, resources) VERBS? ...organizing (activities, relations, manageable, tasks, people)VERBS? ...integrating (social skills, objectives, pay & promotion, subordinates and other people) ...measuring (staff performance, objectives/targets) ...developing (people)

18. TOP MANAGEMENT RESPONSIBILITIES • change management • innovations management • crisis management • relations with stakeholders (list???) (Find parts of the text in Unit 2 discussing the responsibilities listed above.)

19. Complete your notes!