The-definition.com

Definition

Entrepreneurial Firms

Entrepreneurial firms are companies that bring new products and services to market by creating and seizing opportunities. Google, eBay, and Apple are well-known, highly successful examples of entrepreneurial firms. Having recognized an opportunity, companies of this type create products and services that have worth, that are important to their customers, and that provide a measure of usefulness to their customers that they wouldn’t have otherwise.

Share it:  Cite

More from this Section

  • Spin-out
    Spin-out refers to the opposite of a spin-in that occurs when a larger company divests ...
  • Financial Feasibility Analysis
    Financial feasibility analysis is the final component of a comprehensive feasibility analysis. ...
  • Stockholders equity
    ...
  • Competitive Analysis Grid
    A competitive analysis grid is a tool for organizing the information a firm collects about ...
  • Embargo
    Embargo legislation that prohibits firms from importing some or all of the products made ...