Entrepreneurial Mind Flashcards
Focuses on maximizing financial returns on investments with zero regards for customers and employees.
Naert’s Model
To serve customers by providing goods and services that promote human flourishing.
Van Duzer’s Model
To serve employees by providing opportunities for meaningful and creative work.
Van Duzer’s Model
The ancient wisdom of Hindu scriptures can be appropriated to business practices.
Parikh’s Model
People should focus on their thoughts and actions rather than the outcomes of those actions.
Bhagavad Gita
Bhagavad Gita
- Greed is bad
- Be fair
- Act rather than react
- Seek higher consciousness
A righteous duty or the right path to uphold the family and the organizational and social fabric.
Dharma
The practice of seeking one’s gains and catering to the welfare of others.
Loka Sangraha
Sensible use of resources for future generations.
Kausalam
Beyond survival, the business must be the engine of innovation, constantly seeking more effective solutions to meet its economic and social expectations.
Vividhta
Change and continuity coexist.
Jigyasa
ERRC
Eliminate, reduce, raise, create
The statement of financial position shows the capital and contribution of owners and outside lenders.
Business funds
The statement of financial position provides a starting point for assessing a firm’s value since it lists all the assets and business claims.
Business value
It can be helpful to look at relationships between various statements of financial position items.
Business assets and claims
