Entrepreneurship is the process of creating an enterprise and bearing any of its risks, with the view of making profit. It is an act of seeking investment and production opportunity, developing and managing a business venture, to undertake production function, arranging inputs like land, labour, material, and capital, introducing new techniques and products, identifying new sources for the enterprise.
The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. And the undertaking or organization, typically a start-up company, set up by the entrepreneur is called an enterprise.
There are many types of entrepreneurs including social entrepreneurs, who identify needs or problems within the society, then develop a for profit business that provides solutions or address the needs.
Why Study Entrepreneurship?
At Galen University the Bachelor’s Degree in Entrepreneurship focuses on developing real-world skills that will help students to lead exceptional lives in a rapidly changing world.
Entrepreneurship education teaches students crucial life skills, such as:
How to collaborate and work with a team
- How to speak in public and prepare an effective presentation
- How to collect and analyze data
- How to use social media as an advocacy tool
- How to solve real, complex problems that don’t have a definitive answer
- How to use curiosity and creativity to find an innovative approach to difficult problems
Students learn to understand the product development cycle, come up with their unique business proposals, and deliver multiple pitch presentations. This process results in a superior university experience that serves our students long after they’ve graduated.
Entrepreneurship at Galen
At Galen University the students enrolled in the Entrepreneurship program take advantage of the Innovation Centre. In the Innovation Centre students, faculty and community entrepreneurs create or bring their ideas and innovations, develop innovations for commercialization, and build/grow businesses. Students in the Innovation Centre participate in an integrated training program, share common workspaces, gain access to mentors and funding sources, and collaborate with other members to build and test a prototype, search for and find a viable business model, create and grow startups, and eventually graduate from the incubator program. The interaction at Galen University Innovation Center (GUIA) creates a social work environment that is an exciting alternative to the usual location of the kitchen table, coffee shop, library, or other common areas. The Innovation Center is a great place for connecting, collaborating, and creating marketable business ideas within a community of like-minded entrepreneurs.
Key courses that students will take in our accounting program include:
- Human Resource Management
- Foundations of Entrepreneurship
- International Marketing
- International Business
- Business Product Development
- Customer Service & Entrepreneurship
- Organizational Behaviour
- Production & Operation Management
- Entrepreneurial Finance
- Entrepreneurship & the Legal Environment
- Leadership Skills for the Entrepreneur
Even though some entrepreneurs have become successful without spending time in a traditional workplace, many people do have solid work experience before starting their own business. That experience equips them with the skills they need to get a business off the ground and up and running. Examples of the jobs that you could pursue include:
- Advertising, Marketing, and Public Relations
- MarketingPublic Relation
- Business Development
- E-commerce and Social Media
- Sales Person
- Product Manager
Entrepreneurship is the process of creating an enterprise and bearing any of its risks, with the view of making profit.ENROLL NOW