 | Entrepreneurship and Innovation
Chapter 8 Key Objectives
- Distinguish between an entrepreneurship and a small business.
- Develop the negotiation, networking, and leadership skills needed to be a successful entrepreneur.
- Recognize why entrepreneurships fail.
- Analyze the advantages and disadvantages of the legal forms of enterprises: proprietorships, partnerships, and corporations.
- Know how to raise capital through debt and equity financing and recognize the merits of each approach.
- Note the alternative forms of entrepreneurship, such as franchising, spin-offs, and intrapreneurships.
- Find ways to encourage innovation in any organization.
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