course outcome 1 Flashcards
derived from the French entreprendre, meaning “to undertake.”
entrepreneur
one who undertakes to organize, manage, and assume the risks of a business.
entrepreneur
The willingness to take calculated risks—in terms of time, equity, or career.
The ability to formulate an effective venture team; the creative skill to marshal needed resources.
The fundamental skills of building a solid business plan.
The vision to recognize opportunity where others see chaos, contradiction, and confusion
essential ingredients of an entrepreneur
Recognize opportunities where others see chaos or confusion
Are aggressive catalysts for change within the marketplace
Challenge the unknown and continuously create the future
entrepreneurs
Manage their businesses by expecting stable sales, profits, and growth
small business owners
Focus their efforts on innovation, profitability and sustainable growth
entrepreneurs
- Venture financing
- Social entrepreneurship
- women and minority entrepreneurs
- entrepreneurial education
- family businesses
- global entrepreneurial movement
- entrepreneurial cognition
- corporate entrepreneurship
21st century trends in entrepreneurship research
innovation
new start-ups
job creation
importance of entrepreneurship
entrepreneurs are doers, not thinkers
myth 1
entrepreneurs are always inventors
myth 3
entrepreneurs are born, not made
myth 2
entrepreneurs are academic and social misfits
myth 4
Entrepreneurs Must Fit the “Profile”
myth 5
All Entrepreneurs Need Is Money
myth 6
All Entrepreneurs Need Is Luck
myth 7
