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(ENT600)
UNIT 1:
INTRODUCTION TO
TECHNOLOGY ENTREPRENEURSHIP
NO
• Natural capital
– Consist basically of natural resources such as
minerals, fuels and energy
• Intellectual capital
– Refers to knowledge that is accessible within an
business because it has been recorded (e.g. in
documents and reports), explained (e.g. through
knowledge sharing processes ) and disseminated
(e.g. through inter-team or inter-department project or
research work)
– Organizational capital
• This is the management structure and peripherals
(including hardware, software, databases patents
and systems) that support the human capital
– Social capital
• The relationships and the quality of the
relationships that the business maintains with its
suppliers, partners and customers
Entrepreneurship Dept, FBM (2009) ENT600/UNIT 1 : INTRO 22
Entrepreneurship & the Economy:
The Economic Outputs
• Economic progress and growth (outputs) is essentially in
two forms of:
– The beneficial outputs (e.g. increase in new
business ventures that create new jobs)
– The undesired inefficiencies and waste outputs
(e.g. pollution from growing numbers of industries)
– The benefits should be maximized while waste and
inefficiencies need to be minimized for
entrepreneurship to have the desired impact on the
economy