Entrepreneurship
Nov 9th, 2011 by sammiechan
According to QuickMBA, the definition of entrepreneurship in a business context is “to start a business”.
Now, under what guidelines can one be considered an entrepreneur? Essentially, anyone who decides to start up and manage a business is under the classifications of an entrepreneur. After reading the definition of an entrepreneur online, the first entrepreneur that came to my mind was the world known Mark Zuckerberg.
Mark Zuckerberg, being the CEO of the global leading social media site, Facebook, is most certainly considered as an entrepreneur.
1) Amount of wealth creation: Facebook has $4.27 billion revenue
2) Speed of wealth creation: Within 2 years, Facebook has generated $52 million revenue
3) Risk: Mark Zuckerberg needs to keep users interested in using Facebook
4) Innovation: Facebook is constantly changing tools on the site, implementing more innovative tools like video chat.
Thus, using these guidelines, Mark Zuckerberg is considered as an entrepreneur.
Picture: http://www.insidefacebook.com/
http://en.wikipedia.org/wiki/Facebook