CHAPTER 1 Flashcards
1
Q
Entrepreneurial processes and activities
A
Founder - opportunities & resources+team
-business project after products and services to
customers
Process and components
- founder
- opportunity
- team
- resources
2
Q
Importance of entrepreneurship activities
A
improve living standards
development with new creation
3
Q
Types of entrepreneurship
A
social online franchise public sector conventional cooperative corporate
4
Q
Entrepreneurial characteristics and attributes in life
A
promote business
solve problems
address needs
exert influence
5
Q
Characteristics
A
creative, innovative, resourceful, high initiative level, commitment, determination, preserverance, tenacity, discipline take risk tolerance for ambiguity ability to accept failure think independently high self-confidence optimistic belief opportunity orientation skilful communicative and persuasive ability
6
Q
Definition
A
prime movers of economic progress innovators - mobilize resources = produce products and services = build businesses that provide jobs =improve living standard & life quality
