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Case Analysis About Enchanted Kingdom

In: Business and Management

Submitted By merielee
Words 427
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Merie Lee Manio November 23 2015

* Entrepreneur

A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

* Entrepreneurship

It is the process of designing a new business, i.e. a startup company offering a product, process or service. The entrepreneur perceives a new business opportunity and often exhibits biases in her perception and subsequent decision to exploit the opportunity. The explanation of entrepreneurial opportunities may conclude design action such as to develop a business plan, acquire the human, financial and other required resources, and to be responsible for its success or failure. Entrepreneurship may operate within an entrepreneurship ecosystem which includes government program and services that promote entrepreneurs, entrepreneurship resources, (e.g. business incubators and seed accelerators) entrepreneurship education, training and financing (e.g., loans, venture capital financing, and grants).

* Innovation

It is a new idea, more effective device or process. Innovation can be viewed as application of better solution that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effectives products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovation can be defined as something original and more effective and, as a consequence new, that “break into” the market or society.

* Micro-enterprise

In general, a microenterprise is considered a small business employing 10 people or less, and has capital assets of less than Php. 3,000,000. Internationally, most microenterprises are family business employing one or two persons. These micro entrepreneurs operate microenterprise by choice. Most microenterprise owners are primarily...

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