Discussion 6:   Purpose  Entrepreneurship takes many... | Management

Purpose  Entrepreneurship takes many forms, from small businesses to social ventures, each with unique challenges and opportunities. This discussion explores the four types of entrepreneurship—small business, scalable startup, large company (intrapreneurship), and social entrepreneurship—and encourages you to reflect on how these types align with or differ from your initial understanding of entrepreneurship from earlier in the course.  Task  This discussion focuses on applying the four types of entrepreneurship as a framework for analysis while reflecting on your evolving understanding of entrepreneurship throughout the course.  The Four Types of Entrepreneurship:  Small Business Entrepreneurship: Local businesses aiming to generate income for the founders (e.g., a family-owned bakery).  Scalable Startup Entrepreneurship: High-growth startups targeting large markets and significant investment (e.g., tech startups like Airbnb or Uber).  Large Company Entrepreneurship (Intrapreneurship): Innovation within established companies, where employees act as entrepreneurs to develop new products, services, or processes that align with corporate goals (e.g., Google’s development of Gmail or 3M’s invention of Post-it Notes).  Social Entrepreneurship: Organizations addressing social, cultural, or environmental issues while creating sustainable value (e.g., TOMS Shoes or Worn Wear by Patagonia).  In your initial post, address the following:  Share your original definition of entrepreneurship from the Unit 1 Discussion.  How has your understanding of innovation and entrepreneurship evolved throughout the course?  Categorize your example from Unit 1 within one of the four types of entrepreneurship and explain why it fits this category.  Explain how this type of entrepreneurship contributes to innovation and creates value for the industry, customers, or society.  Reflect on how the four types of entrepreneurship framework could apply to your career or goals.   What is one specific way you plan to apply what you’ve learned?