CIE finals Flashcards
Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control
Academic Definition
Author of the Academic Definition
Stevenson & Jarillo
entrepreneurship is the art of turning an idea into a business
Venture Capitalist
author of Venture Capitalist
Fred Wilson
a field of business that seeks to understand how opportunities to create something new
Entrepreneurship
process of pursuing opportunities without limitations by resources currently in hand
concise definition of entrepreneurship
conceptualization of entrepreneurship at the firm level
Corporate Entrepreneurship
position of a form in this continuum is referred as its _____
Entrepreneurial intensity
Entrepreneurial Firms
Proactive
Innovative
Risk taking
Conservative forms
take a more “wait and see” posture
less innovative
risk adverse
person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business
Entrepreneur
why entrepreneurship
-Being your own Boss
-Financial Success
-Job Security
-Quality of Life
common myths about Entrepreneurs
Entrepreneurs are born not made
Entrepreneurs are gamblers
Entrepreneurs are motivated primarily by Monkey
Entrepreneurs should be young and Energetic
Characteristics of Successful Entrepreneurs
Passifor business
Product/Customer focus
Tenacity Despite Failure
Execution Intelligence
Entrepreneurial Characteristics
Vision
High Energy Level
Need to Achieve
Self-Confidence
Tolerance for Failure
Creativity
Tolerance for Ambiguity
Internal Locus of control
entrepreneurs begin with an overall idea for how to make their business idea a success
Vision
a willingness to work hard
High Energy Level
