Ch 1 Flashcards
What does the Practice of Entrepreneurship involve starting with?
means at hand, describing the idea, and networking and enrolling others in your journey
What is a way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them?
Entrepreneurship
what is corporate entrepreneurship?
carried out by employees working in units
what’s an adv of a family enterprise?
it’s often more stable
there are patterns in entrepreneurs’…
though processes
A(n) ____ is a specific subcategory of social entrepreneurship for organizations certified ensuring strict standards of social and environmental performance, accountability, and transparency.
benefit corporation
A method of carrying out carefully focused efforts to improve current performance is known as ______ practice.
deliberate
What is the primary reason to tell your current employer about your side venture?
ethics
Serial Entrepreneurs are also known as ______, or, people who start several businesses.
habitual entrepreneurs
A franchisee pays ______, which are a share of proceeds based on sales revenue.
royalties
What type of thinking works during periods of certainty?
managerial
What is the approach to entrepreneurship which emphasizes planning and prediction?
the process approach
Which of the following is true about entrepreneurs and risk?
Most successful entrepreneurs are very calculated risk takers.
A(n) ______ is a temporary organization in search of a scalable business model.
startup
