5 Flashcards
Name the 6 most important investment criteria of business angels which are related to the characterictics of the entrepreneur
trustworthiness, enthusiasm, achievement motivation, ability to communicate the product, frustration tolerance, self-confidence
name the 4 most important investment criteria related to market and product
sales potential, growth potential of market, product meets desired properties, unique feature
4 most important investment criteria of b.a. related to financial factors
proportion of self-financing, anticipated return, ability to reach break-even without further funding, low overheads (Fixkosten)
draw the structure of the VC Business and name components
Investors - Company (pays interest and gets Proceeds and Write-offs of Portfolio, does Investments in Portfolio) - Venture Portfolio
6 principles of effective leadership
Result orientation, contribution to the whole, focus in few things, use strengths, Trust, Think positive
5 tasks of effective leadership
Create goals, Organize, Decide, Monitor
Develop People
tools of effective leadership
Meetings, Reports, Job Design, Personal working methodology, Budget, Performance assessment, “Waste disposal”
what is a patent?
an exclusion right of limited duration which the state grants for the disclosure of an invention
name the 3 basic requirements for a patent protection
Has to be new, an inventive activity and got an industrial application
opportunities and risks of a patent
opportunities: control over invention, monopoly, reputation, cooperation with partners
risks: expensive, disclosure after 18 months, lawyer costs
6 differences in the management approaches for technology push and market pull
technological uncertainty, market-related uncertainty, R/D customer integration, need of change in customer behavior, R/D expenses and durartion
