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Please provide short notes on: Indigenous Entrepreneurship, Community Based Entrepreneurship, and Family Business.

Business/Management

ScanSolve AI Answer

Here are short notes on the requested topics:

1) i. Indigenous Entrepreneurship
Indigenous entrepreneurship refers to business activities initiated and operated by indigenous people within their traditional territories or communities. These ventures often incorporate cultural values, traditional knowledge, and sustainable practices, aiming to create economic opportunities while preserving heritage and community well-being.

1) ii. Community Based Entrepreneurship
Community-based entrepreneurship involves the creation and development of businesses that are owned and operated by members of a specific community to address local needs, create jobs, and generate wealth within that community. The primary goal is often to achieve social and economic benefits for the community as a whole, rather than solely individual profit.

1) iii. Family Business
A family business is a commercial organization in which two or more family members are involved, and the majority of ownership or control lies within a single family. These businesses are often passed down through generations, with family values and long-term vision playing a significant role in their operations and strategic decisions.

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