Apple is an entrepreneurial company that produces technologies. It’s an entrepreneurial company because of its innovation, speed and amount of wealth creation and risk.
There are various new inventions or products made by Apple. For example, Ipods, Itunes, Ipads and Iphones are all invented by Steve Jobs from Apple. People never had technologies like these products; therefore, the whole world was spread with interest. These innovations are released within just a few years, which is really fast. Apple’s innovations attract consumers who follow the trend. This is how it sells its products rapidly well. Well-sold inventions results in great profit, wealth. Apple uses innovation to increase its wealth creation.
As a large company, Apple’s amount of wealth creation must be huge to maintain its profit. Every business has risk, but it’s the matter of greater or less risk. Apple has a certain amount of risk in its business even though it just seems easy and successful. The reason for firms to take more risks is sometimes because that they don’t want their ideas of the businesses to be pursued. Higher risk reduces the people who steal ideas.
Definition of entrepreneurship
What’s an entrepreneur
