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Visions # 1 > #1 > Flashcards

#1 Flashcards

0
Q

Relate to society

A 
Competition creates low prices 
Investment opportunities
Entrepreneurship stronger where capital is accessible
Economic
Political
Benefits
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1
Q

Entrepreneurship education affect on community.

A

People with ideas can create a venture instead of missing opportunity.
Creates jobs for others
New ideas

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2
Q

Entrepreneur

A

A person who takes risks and organizes resources in order to satisfy needs.

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3
Q

Entrepreneurship vs intrapreneurship

A

Intra occurs in existing organization

Entra own ideas and own venture

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4
Q

Factors influencing enterprising behaviours

A

Motivation work ethic capital without them no success as entrepreneurs
Technology

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5
Q

How does canadian economy affect business

A

Poor economy people don’t spend. Good economy people do spend because secure jobs. They won’t buy when economy is struggling because need money for needs therefore businesses struggle

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6
Q

List the skills and characteristics of entrepreneurs

A 
Always thinking new ideas
High risk
Motivated 
Work ethic
Numbers
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7
Q

Enterprising behaviour affect career choice

A 
Work under knowone
Ideas
Won't want to be a puppet 
Want to be own boss
Entrepreneur
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8
Q

Lifestyle demands of an entrepreneur

A 
No breaks
Always thinking
Goal oriented
Striving for success
Calculated risks
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9
Q

5 characteristics of entrepreneurial venture

A 
Profit/no
Large/small scale
Service/goods
Physical/virtual
Local/provincial/national/international
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10
Q

Why do some people resist change

A 
Like routine 
Security
Scared
Bad timing
Resist change
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11
Q

Change and entrepreneurship relation

A

Entrepreneurship coming up with new ways of doing things change
Change in technology forces entrepreneurs to change their plan/business

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12
Q

What are demographics, list demographic trends in Canada

A 
Study of characteristics in people within certain population
Ethnicity
Culture 
Religion
Family size
Income
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13
Q

Why is it good to have entrepreneurs from different cultures

A

New ideas
New market
Different
Example Chinese food in Chinese neighbourhood
Diversity leads to conflict/economic progress

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14
Q

What is sustainable development

A

Taking care of world
Meeting needs today without compromising ones of the future
Resources don’t create new problems with your product use trees which leads to no air

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15
Q

How does technology affect entrepreneurship

A 
Opportunities 
Global focus
Less jobs
Helps to adapt skills to new methods
Change the way business is done
Time for other things
Search engines
Software
Data banking
Entrepreneurs now have access to what big companies only had for software

Visions # 1 (1 decks)

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