Entrepreneur M1-4 Flashcards
Quiz 1
What term refers to create new business through economic and
innovative activities to turn new ideas to breakthrough solutions?
Entrepreneurship
the process/act of introducing new ideas, devices, or methods to an organization?
Innovation
What business term is synonymous to an Entrepreneur?
Users
all activities involved in securing new and additional resources for your organization that involve making better use of, and maximizing, existing resources?
Resource Mobilizing
Whose president issued E.O. 470 establishing the Youth Entrepreneurship Program as an answer to the global call to engage the young in the economic development and nation-building?
Gloria Macapagal Arroyo
“entre” = ?
“between”
” prendre” = ?
“to take”
The process of bringing to an organization new concepts, technologies, or methods. This may mean creating a new service, system, or process, or improving existing ones.
Innovation
The ongoing process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm. Example: Lend money, good location.
Opportunity Seeking and Exploitation
refers to all activities involved in securing new and additional resources for your organization. It also involves making better use of existing resources and maximizing them. Resource mobilization is often referred to as ‘New Business Development’. Example: investment
Resource mobilizing
Entrepreneurs live with uncertainty and risk. They have no choice. The future depends on them. They are responsible for their success and failures and never endures success. Entrepreneurs Example: required hiring more must also learn to manage the pressure and uncertainty of having to assume responsibility for their business and their employees, purchasing more equipment, investing more money, and decision-making.
Encountering risk and uncertainties
Example: Money, Benefits, and Perks
Economic and personal rewards
an economic, political, and social system that has origins in the desire of private citizens to produce goods and services that the public needs.
The main characteristics of capitalism is the right to own private property, which can include lands, buildings, knowledge, patents, know-how, processes, and whatever assets that are used in creating profit.
Capitalism
In the Philippines, entrepreneurship is seen as necessary
to _____ the poor; ____ development, and _____ innovation.
empower ; boost ; stimulate
is one of the GO NEGOSYO founder, a national organization that encourages entrepreneurship. He also organizes YES (Young Entrepreneurs Seminars) featuring business tips, advice, and opportunities for young people who want to pursue entrepreneurship.
Mr. Joey Concepcion
T or F. Having an entrepreneurship degree will assure a person that his/her business endeavor will be successful.
F
T or F. In 1987 constitution, Entrepreneurship recognized as engine to economic growth.
T
T or F. Marco Polo is considered as one of the early entrepreneurs.
T
T or F. Entrepreneurship originates from the Greek word entreprende, which means to undertake a business.
F
Which stimulate work development and employment opportunities?
Creating new job openings
These are the social benefits of entrepreneurship to the government that provide programs for the people except for:
a. Paying taxes
b. Applying for business permits and licenses to operate business
c. Filing of correct remittances
d. Starting up a business without proper documentation
d. Starting up a business without proper documentation
Which among the following accompanying concepts show the way towards creating new ideas, methods, or processes?
a. Business Model
b. Modeling
c. Creative flexibility
d. Innovation
d. Innovation
It is the creation, appropriation, and exchange, just as utilization of products and services by various agents.
Economy
It refers to the total of individuals living respectively in a pretty much arranged network.
society
T or F. Entrepreneurship makes the accompanying commitments to the lives of the Filipinos by improving personal satisfaction.
T
T or F. . Entrepreneur creates business that produces products that meet the wants and needs of consumers
T
T or F. Entrepreneurship makes a liberal responsibility to the raising and collection of taxes.
T
T or F. Entrepreneurs ought to consistently on the know with the
technological changes
T
T or F. Entrepreneur’s undertaking must be fit with the climate conditions in their local area.
T
T or F. Government policies and administrations, do have a solid impact on business activities.
T
T or F. Government laws guidelines do not restrict business exercises.
F
T or F. Environmental Force Matrix is a shortlist of the patterns, issues, and advancements in the distinctive environmental forces that add to any business dynamic.
T
They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.
Innovative Entrepreneurs
They are those who don’t create new things but only follow the ideas of other entrepreneurs.
Imitating Entrepreneurs
They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.
Fabian Entrepreneurs
They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.
Drone Entrepreneurs
They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.
Social Entrepreneurs
List 5 Emotional Competencies of Entrepreneurs
Self-awareness
Self-management
Social-awareness
Relationship Management
Cognitive
List 5 Functional Competencies of Entrepreneurs
Finance
Accounting
Business English
Marketing and Sales
Personal Computing
Production and logistics
Project management
IT
HR management
What are the 5 types of entrepreneurs
Fabian entrepreneurs
Innovative entrepreneurs
Drone entrepreneurs
Imitating entrepreneurs
Social entrepreneurs
FIDIS
