Archive for November, 2010
Googlepreneurship
If I had to bet my money on one company that I consider to be entrepreneurial, it would be Google.
The Googlenator
Using Schumpteter’s View of Entrepreneurship, we can see that innovation is key for describing what it takes to be fit in this category.
Google is constantly coming out with new creations that were never thought plausible, and buying old ideas from modern inventors. Some of its products include Youtube, the Google Android, Google Docs, Blogger, Google Chrome, and the soon to be Google car (the car that drives itself).
Google is in control of everything technological. They live their life on the edge, buying out Youtube when it was fairly new. It might have been risky to some, but Google had a vision. Television was slowly dying out, and everyone was moving to the internet for their viewing pleasures. Because Youtube could have so many applications to generate revenue (Youtube Live, Advertisements, Partnerships, etc), they jumped at the chance to buy the company for 1.65 billion dollars.
Judging by current numbers, Google earned about 24 BILLION dollars in revenue just last year. How’s that for wealth creation?
(And they treat their employees excellently).