Entrep Flashcards
Is a tangible or intangible item that is built or produced to satisfy the needs of a certain group of people
Product
Means combining various materials and immaterial inputs to make something for consumption.
Process
When bussiness ideas are sourced from the person such as individual’s interests,hobbies,skills,dreams, and travles.
Person
When bussiness ideas are sourced from relations such as families, relatives, and friends.
Relation
Give the four sources of ideas for entrepreneurial ventures
•product
•process
•person
•relation
Systematic and rational way of providing an answer to a question.
Logical thinking
Systematic analysis of data generated from a survey of invidividuals.
Statiscal Analysis
What is a provides information about industries, customers,competitors,and other
Market variables. You cam also determine the relationship between supply and demand for a specific production or service. Base on these insights, you can make more informed decisions about possible marketing strategies.
Market Analysis
S.W.O.T Analysis
S-trength
W-eakness
O-pportunities
T-hreats
The systematic way of generating ideas from a select group of individuals using varios rounds of Consultation or sessions.
Delphi Analysis
Give me five methods for generating or testing New ideas
•logical thinking
•market Analysis
•delphi Analysis
•statistical Analysis
•SWOT Analysis
Refers to an unstructured discussion of a group to elicit ideas
Brainstorming
Similar with brainstorming, but it focuses on identifying problems encountered with specific product or service
Problem inventory Analysis
Used to elicit the unconscious thouhts of invididuals by expressing their thoughts associated with words and given ideas by the therapists.
Free Association method
A wat to get an idea from the target participants by listing all possibilities that ideas can be connected, reprocessed, and associated with.
Checklist method
