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2nd year - 1st sem > ENTREPCORE-LESSON 1 > Flashcards

ENTREPCORE-LESSON 1 Flashcards

1
Q

Are aggressive catalyst of change within the marketplace

A

Entrepreneurs

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2
Q

Entrepreneur derived from the french word

A

entreprendre meaning to undertake

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3
Q

What are the myths of entrepreneurs:

A
  1. Entrepreneurs are doers, not thinkers
  2. Entrepreneurs are born, not made
  3. Entrepreneurs are always inventors
  4. Entrepreneurs are academic and social misfits
  5. Entrepreneurs MUST FIT THE PROFILE
  6. ALL Entrepreneurs need is money
  7. ALL Entrepreneurs need is luck
  8. Entrepreneurs seek success but experience high failure rates.
  9. Entrepreneurs are extreme risk takers or gamblers.
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4
Q

_______ involves creating entirely new products or services that significantly alter the market landscape

A

Radical innovation

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5
Q

_______ focuses on building upon existing foundations to optimize and refine offerings

A

incremental innovation

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6
Q

two types of innovation

A
  1. radical
  2. incremental
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7
Q

What are the dark side of entrepreneurship

A
  1. financial risk
  2. career risk
  3. family and social risk
  4. psychic risk
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8
Q

What are the sources of stress

A
  1. loneliness
  2. immersion in business
  3. people problems
  4. need to achieve
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9
Q

Six specific ways entrepreneurs can cope with stress:

A
  1. Networking
  2. Getting aways from it all
  3. Communicating with employees
  4. Finding satisfaction outside the company
  5. delegating
  6. exercising rigorously
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10
Q

five critical steps of a corporate entrepreneurship strategy

A
  1. dEVELOPING THE VISION
  2. Encouraging Innovation
  3. Structuring for an entrepreneurial climate
  4. Developing individual managers for corporate entrepreneurship
  5. developing venture teams
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11
Q

MCC MISSION

A

The mission of Mabalacat City College is to meet the needs of its
community as a center for learning aiming for Open Admission Policy

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12
Q

MCC VISION

A

Mabalacat City College envisioned itself to be the top choice in the
community it serves for quality education and training by 2025.

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13
Q

MCC CORE VALUES

A

Passion: Operate as one team with strong drive to attain purpose
Integrity: Cultivate environment of honesty and fairness in all dealings.
Excellence: Set and meet high standards.
Service: Extend service to the community

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14
Q

_______ may be formal or informal activities aimed at new business.

A

Corporate entrepreneurship

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15
Q

_______involves larger companies investing in and supporting entrepreneurs through various means,

A

Corporate venturing

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16
Q

________:Focuses on innovations that enhance competitive advantage without necessarily launching new businesses.

A

Strategic Entrepreneurship

17
Q

_____recognize opportunities where others see chaos or confusion.

A

Entrepreneurs

18
Q

They are aggressive catalysts for change within the marketplace.

A

Entrepreneurs

19
Q

They challenge the unknown and continuously create the future.

A

Entrepreneurs

20
Q

______, according to Robert C. Ron Stand, is a dynamic process of creating incremental wealth.

A

Entrepreneurship

21
Q

______can be viewed as a function of discrepancy between a person’s expectation and ability to meet demands, as well as discrepancy between the individual’s expectation and personality.

A

Stress

22
Q

The systematic evolution of a product or service into newer or larger markets

A

INCREMENTAL INNOVATION

23
Q

The launching of inaugural breakthroughs.

A

RADICAL INNOVATION

24
Q

These innovations take experimentation and determined vision, which are not necessarily managed but must be recognized and nurtured

A

RADICAL INNOVATION

25
Q
  • STRATEGIC RENEWAL
  • INNOVATION
  • CORPORATE VENTURING
A

Corporate Entrepreneurship

26
Q

Activities that receive organizational sanction and resource commitments for the purpose of innovative results.

A

CORPORATE ENTREPRENEURSHIP

27
Q
  • INTERNAL CORPORATE VENTURING
  • COOPERATIVE CORPORATE VENTURING
  • EXTERNAL CORPORATE VENTURING
A

corporate venturing

28
Q
  • STRATEGIC RENEWAL
  • SUSTAINED REGENERATION
  • DOMAIN REDIFINITION
  • ORGANIZATIONAL REJUVENIZATION
  • BUSINESS MODEL RECONSTRUCTION
A

strategic entrepreneurship

29
Q

_____ is a set of beliefs, knowledge, skills, and thought processes that allow business owners and entrepreneurs to drive their entrepreneurial behavior.

A

Entrepreneurial mindset

2nd year - 1st sem (15 decks)

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