Topic notes
An entrepreneur recognises opportunities, makes decisions under uncertainty and mobilises resources. Study competencies, values, ethics and intrapreneurship; do not reduce entrepreneurship to personality traits.
Applied example
An entrepreneur and intrapreneur can both innovate; the intrapreneur works within an existing organisation and uses its resources.
Case study and practice
- Identify the opportunity or business issue.
- Name one assumption and evidence that could test it.
- Recommend an action, explaining its expected value and one risk.
Revision
Use an example, define the business term and distinguish assumption from evidence. Project claims should be based on research and cited sources.