ENTREPCORE-LESSON 1

Question 1

Are aggressive catalyst of change within the marketplace

Answer 1

Entrepreneurs

Question 2

Entrepreneur derived from the french word

Answer 2

entreprendre meaning to undertake

Question 3

What are the myths of entrepreneurs:

Answer 3

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.

Question 4

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

Answer 4

Radical innovation

Question 5

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

Answer 5

incremental innovation

Question 6

two types of innovation

Answer 6

1. radical
2. incremental

Question 7

What are the dark side of entrepreneurship

Answer 7

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

Question 8

What are the sources of stress

Answer 8

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

Question 9

Six specific ways entrepreneurs can cope with stress:

Answer 9

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

Question 10

five critical steps of a corporate entrepreneurship strategy

Answer 10

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

Question 11

MCC MISSION

Answer 11

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

Question 12

MCC VISION

Answer 12

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

Question 13

MCC CORE VALUES

Answer 13

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

Question 14

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

Answer 14

Corporate entrepreneurship

Question 15

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

Answer 15

Corporate venturing

Question 16

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

Answer 16

Strategic Entrepreneurship

Question 17

_____recognize opportunities where others see chaos or confusion.

Answer 17

Entrepreneurs

Question 18

They are aggressive catalysts for change within the marketplace.

Answer 18

Entrepreneurs

Question 19

They challenge the unknown and continuously create the future.

Answer 19

Entrepreneurs

Question 20

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

Answer 20

Entrepreneurship

Question 21

______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.

Answer 21

Stress

Question 22

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

Answer 22

INCREMENTAL INNOVATION

Question 23

The launching of inaugural breakthroughs.

Answer 23

RADICAL INNOVATION

Question 24

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

Answer 24

RADICAL INNOVATION

Question 25

• STRATEGIC RENEWAL
• INNOVATION
• CORPORATE VENTURING

Answer 25

Corporate Entrepreneurship

Question 26

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

Answer 26

CORPORATE ENTREPRENEURSHIP

Question 27

• INTERNAL CORPORATE VENTURING
• COOPERATIVE CORPORATE VENTURING
• EXTERNAL CORPORATE VENTURING

Answer 27

corporate venturing

Question 28

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

Answer 28

strategic entrepreneurship

Question 29

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

Answer 29

Entrepreneurial mindset