Do you have a specific type of business or industry that you

Do you have a specific type of business or industry that you are interested in? Are you more interested in B2C or B2B? How do you see the role of entrepreneurism being different in large companies versus small companies? Is starting a local restaurant and starting a company like Facebook, both entrepreneurial endeavors? What is the difference?

Solution

Specific type of industry that can be interesting is technology firm which offers latest technological products and services to businesses. Hence, the focus is in B2B. The firm provides advanced technological integration systems to manufacturing and distribution clients.

Entrepreneurism in large companies is about an individual or a group coming with a new idea for product or service that is going to create new business for the firm. Entrepreneurship is not much encouraged in large firms as the roles, responsibilities and expectations are nearly fixed for the individuals.

Entrepreneurism in small companies is similar but the individuals will have more scope and opportunities to implement their ideas thus fostering innovation and ideation.

Starting a local restaurant is not a new idea and hence it cannot be considered as an entrepreneurial endeavour as success or failure is not too probabilistic.

Starting a company like Facebook can be considered as an entrepreneurial endeavour as it a relatively new idea with a large scope of Innovation. The success or failure is difficult to assess and is highly probabilistic.