Learning Objectives and Class Prep - Entrepreneurship
Introduction
Today we continue our discussion on the world of startups with a chapter on entrepreneurship and the characteristics of entrepreneurs. Perhaps this chapter will inspire some of you to start y
Learning Objectives
Upon completing the learning activities associated with this lesson, class participants should be able to:
- Define entrepreneur and describe the three characteristics of entrepreneurial activity.
- Identify five potential advantages to starting your own business
- Define a small business and explain the importance of small businesses to the U.S. economy.
- Explain why small businesses tend to foster innovation more effectively than large ones.
- Describe the goods-producing and service-producing sectors of an economy.
- Explain what it takes to start a business and evaluate the advantages and disadvantages starting a business from scratch, buying an existing business, or obtaining a franchise.
- Explain why some businesses fail.
- Identify sources of small business assistance from the Small Business Administration.
Preparation for Class
To prepare for this session, you will need to do the following activities:
- Review the Learning Objectives
- Read Chapter 7 from the Press Books site
- Watch the Video Presentation linked at the end of the chapter.
- What is Entrepreneurship and Innovation? Management Professor Explains Entrepreneurship & Innovation ... https://www.youtube.com/watch?v=kgbNlvGkXhY&t=4s
Links to an external site.
