Entrepreneurship is a subset of management that may be defined as the “pursuit of opportunity” and is often manifested in either a new business startup or a value-creating expansion within an ongoing enterprise. This entrepreneurial spirit is universal and is impervious to age, gender or social/economic background. It has been the engine of job creation, innovation and the creation of new industries within the United States for decades.
To fully understand the risks and rewards of an entrepreneurial endeavor, students in this discipline learn how to evaluate the degree to which an idea is an opportunity. The dynamics, paradoxes, myths and critical aspects surrounding this process also are studied. The minor in entrepreneurship provides students with a basis of knowledge that will improve their understanding of entrepreneurial processes and prepares them to evaluate an idea, structure a top management team and marshal resources in the pursuit of opportunity.