Chapter 3 Flashcards
1
Q
What are types of start-ups
A
- Life style start up (a small venture start supports its owner and usually as little opportunity for significant growth and expansion)
- Foundation company (they are created from research and development), also known as R&D companies
- High powered ventures (New companies that receive greatest interest and publicity) also known as gazelles
2
Q
What is product-evolution process
A
The process through which innovation develops and commercializes through entrepreneur activity, which in turns stimulates economic growth.
3
Q
What is synthesis process
A
After idea prototype made in labs
4
Q
What is industrial phase
A
The phase in which actual manufacturing gets start.
5
Q
What are 3 process involves in evolution of product
A
- Government
- Entrepreneurship
- Intrapreneurship
6
Q
What is Intrapreneurship
A
Entrepreneurship with existing structure
