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3RD YEAR SECOND SEM > ENTREPRENEURIAL MIND M2 > Flashcards

ENTREPRENEURIAL MIND M2 Flashcards

1
Q

are people who have a passion for creating change in the world.

A

ENTREPRENEURS

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2
Q

They need a certain set of skills to be effective leaders and innovators.

A

ENTREPRENEURS

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3
Q

is the overall process of developing, launching and running a business

A

ENTREPRENEURSHIP

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4
Q

People have varying ______ and ______ for the kind of businesses they want to create.

A

ASPIRATIONS AND VISIONS

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5
Q

Everyone operates their business based on their own _______, ______ and ___________

A

PERSONALITY, SKILLS AND CHARACTERISTICS

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6
Q

For some entrepreneurs, ______ are less important than providing a social good.

A

PROFITS

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7
Q

Different Types of Entrepreneurship (9)

A
  1. Small business entrepreneurship
  2. Large company entrepreneurship
  3. Scalable startup entrepreneurship
  4. Social entrepreneurship
  5. Innovative entrepreneurship
  6. Hustler entrepreneurship
  7. Imitator entrepreneurship
  8. Researcher entrepreneurship
  9. Buyer entrepreneurship
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8
Q

This type of entrepreneurship involves starting and running a small business that typically serves a local market.

A

Small business entrepreneurship

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9
Q

People interested in _____________ are most likely to make a profit that supports their family and a modest lifestyle. They aren’t seeking large-scale profits or venture capital funding.

A

small business entrepreneurship

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10
Q

_____________ is often when a person owns and runs their own business.

A

Small business entrepreneurship

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11
Q

Examples of small business entrepreneurship in the Philippines include __________, _________, and ___________________.

A

sari-sari stores, carinderias, and small retail shops

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12
Q

This type of entrepreneurship involves starting and running a large corporation that often has a global presence.

A

Large company entrepreneurship

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13
Q

They make a profit through sales, investments, and mergers and acquisitions.

A

Large company entrepreneurship

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14
Q

Examples of large company entrepreneurship in the Philippines include ___________ and _______.

A

SM Corporation and Ayala Corporation

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15
Q

_______ is when a company has a finite amount of life cycles.

A

Large company entrepreneurship

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16
Q

This type of entrepreneurship is for an advanced professional who knows how to sustain innovation.

A

Large company entrepreneurship

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17
Q

They are often a part of a large team of C-level executives.

A

Large company entrepreneurship

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18
Q

Large companies often create new services and products based on consumer preferences to meet market demand.

A

Large company entrepreneurship

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19
Q

This type of entrepreneurship involves starting and running a startup company that has the potential to grow rapidly and become a large company.

A

Scalable startup entrepreneurship

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20
Q

_____________ create innovative products or services that can be scaled up quickly and attract investors to help them grow.

A

Scalable startup entrepreneurs

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21
Q

They make a profit through investments, sales, and eventually going public or being acquired.

A

Scalable startup entrepreneurs

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22
Q

Examples of scalable startup entrepreneurship in the Philippines include ____ and _____.

A

Grab and PayMaya.

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23
Q

Examples of scalable startups are ______, _____ and ____.

A

Facebook, Instagram and Uber

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24
Q

This kind of entrepreneurship is when entrepreneurs believe that their company can change the world.

A

Scalable startup entrepreneurship

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25
Q

This type of entrepreneurship involves starting and running a business that aims to provide a social good or address a social issue.

A

Social entrepreneurship

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26
Q

__________ create businesses that have a positive impact on society, while still making a profit.

A

Social entrepreneurs

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27
Q

They make a profit through sales and donations.

A

Social entrepreneurs

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28
Q

Examples of social entrepreneurship in the Philippines include ____ and ______.

A

Hapinoy and Rags2Riches

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29
Q

Their main goal is to make the world a better place. They don’t work to make big profits or wealth. Instead, these kinds of entrepreneurs tend to start nonprofits or companies that dedicate themselves to working toward social good.

A

Social entrepreneurship

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30
Q

This type of entrepreneurship involves starting and running a business that creates and markets innovative products or services.

A

Innovative entrepreneurship

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31
Q

_____________ focus on developing and commercializing new ideas, technologies, and processes.

A

Innovative entrepreneurs

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32
Q

They make a profit through sales, patents, and licensing.

A

Innovative entrepreneurs

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33
Q

People like Steve Jobs and Bill Gates are examples of ________ entrepreneurs.

A

INNOVATIVE

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34
Q

are people who are constantly coming up with new ideas and inventions.

A

Innovative entrepreneurs

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35
Q

Examples of innovative entrepreneurship in the Philippines include ______ and ______.

A

First Gen Corporation and Kalibrr

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36
Q

This type of entrepreneurship involves starting and running a business by using a combination of hard work, creativity, and determination.

A

Hustler entrepreneurship

37
Q

_______ are typically driven by their passion and desire to succeed.

A

Hustler entrepreneurs

38
Q

They make a profit through sales and partnerships.

A

Hustler entrepreneurs

39
Q

Examples of hustler entrepreneurship in the Philippines include _____ and _____.

A

Kultura and Bench

40
Q

This type of entrepreneurship involves starting and running a business by copying or improving upon an existing product or service.

A

Imitator entrepreneurship

41
Q

____________ aim to enter an established market by offering a better or more affordable alternative to existing products or services.

A

Imitator entrepreneurs

42
Q

They make a profit through sales and marketing.

A

Imitator entrepreneurs

43
Q

Examples of imitator entrepreneurship in the Philippines include _____ and _________.

A

Jollibee and Mang Inasal

44
Q

This type of entrepreneurship involves starting and running a business by conducting research and development to create new products or services.

A

Researcher entrepreneurship

45
Q

_________ focus on solving complex problems and creating breakthrough innovations.

A

Researcher entrepreneurs

46
Q

They make a profit through patents, licensing, and sales.

A

Researcher entrepreneurs

47
Q

Examples of researcher entrepreneurship in the Philippines include _________ and ______.

A

DOST-ITDI and DOST-PCIEERD.

48
Q

This type of entrepreneurship involves starting and running a business by buying an existing business or franchise and operating it.

A

Buyer entrepreneurship

49
Q

__________ typically have less risk than other types of entrepreneurs since they are acquiring a business with a proven track record.

A

Buyer entrepreneurs

50
Q

They make a profit through sales and managing the operations of the business.

A

Buyer entrepreneurs

51
Q

Examples of buyer entrepreneurship in the Philippines include ___________ and ___________.

A

7-Eleven and McDonald’s franchises

52
Q

This kind of entrepreneurship is less risky because they are purchasing already well-established companies.

A

Buyer entrepreneurship

53
Q

Classification Of Entrepreneurship

A
  1. Administrative Entrepreneurship
  2. Opportunistic entrepreneurship
  3. Acquisitive Entrepreneurship
  4. Incubating Entrepreneurship
  5. Imitative Entrepreneurship
  6. Private Entrepreneurship
  7. Public Entrepreneurship
  8. Individual Entrepreneurship
  9. Mass Entrepreneurship
54
Q

Small business CLASSIFICATION

A

Administrative, Opportunistic, Incubating, Individual, Mass

55
Q

Large company CLASSIFICATION

A

Administrative, Acquisitive, Public

56
Q

Scalable startup CLASSIFICATION

A

Administrative, Opportunistic, Incubating

57
Q

Social entrepreneurship CLASSIFICATION

A

Administrative, Incubating, Public

58
Q

Innovative entrepreneurship CLASSIFICATION

A

Administrative, Opportunistic, Incubating

59
Q

Hustler entrepreneurship CLASSIFICATION

A

Opportunistic, Individual

60
Q

Imitator entrepreneurship CLASSIFICATION

A

Imitative, Private

61
Q

This type of entrepreneurship focuses on using administrative techniques and functions to increase overall organizational efficiency.

A

Administrative Entrepreneurship

62
Q

It involves finding new and effective ways of handling situations to gain a competitive edge. Examples include Total Quality Management, job redesigning, and participative management.

A

Administrative Entrepreneurship

63
Q

An example of ________ entrepreneurship in the Philippines is the implementation of electronic government systems to improve public service delivery.

A

administrative

64
Q

This type of entrepreneurship involves identifying and taking advantage of opportunities presented by environmental changes.

A

Opportunistic Entrepreneurship

65
Q

The key characteristic of this type of entrepreneurship is the ability to recognize and act on opportunities quickly.

A

Opportunistic Entrepreneurship

66
Q

Examples include businesses that quickly pivot to offering new products or services in response to changing market demands.

A

Opportunistic Entrepreneurship

67
Q

An example of __________ entrepreneurship in the Philippines is the rise of food delivery businesses during the COVID-19 pandemic.

A

opportunistic

68
Q

This type of entrepreneurship involves learning from other competencies and acquiring something new of value from the competitive environment or competitors’ technical capacities.

A

Acquisitive Entrepreneurship

69
Q

The goal is to keep the business sustainable in a competitive environment by constantly acquiring new knowledge and skills.

A

Acquisitive Entrepreneurship

70
Q

Examples include mergers and acquisitions and strategic partnerships.

A

Acquisitive Entrepreneurship

71
Q

An example of _______ entrepreneurship in the Philippines is the acquisition of local banks by larger multinational banks.

A

acquisitive

72
Q

This type of entrepreneurship involves generating and nurturing new ideas and ventures within an organization.

A

Incubating Entrepreneurship

73
Q

It involves pursuing and promoting differentiated technologies to encourage innovation. Examples include tech incubators and startup accelerators.

A

Incubating Entrepreneurship

74
Q

An example of _________ Entrepreneurship in the Philippines is the establishment of the Philippine Startup Development Program to provide support and funding for local startups.

A

Incubating

75
Q

This type of entrepreneurship involves imitating an existing product or service in the market under a franchise agreement.

A

Imitative Entrepreneurship

76
Q

It involves spreading technology over the world by adopting existing technology with minor modifications appropriate to the local condition. Examples include franchising and licensing agreements.

A

Imitative Entrepreneurship

77
Q

An example of _______ entrepreneurship in the Philippines is the proliferation of fast-food chains under franchise agreements.

78
Q

This type of entrepreneurship involves initiatives undertaken by the private sector.

A

Private Entrepreneurship

79
Q

The government provides support services through private and public concerns to encourage private initiative in taking entrepreneurial ventures. Examples include small businesses and startups.

A

Private Entrepreneurship

80
Q

An example of _______ entrepreneurship in the Philippines is the establishment of local SMEs, such as food carts and clothing boutiques.

81
Q

This type of entrepreneurship involves initiatives undertaken by the government through its various development agencies.

A

Public Entrepreneurship

82
Q

The government takes a public initiative in venture ideas to fulfill the initial deficiency of private entrepreneurs. Examples include government-led infrastructure projects and public-private partnerships.

A

Public Entrepreneurship

83
Q

An example of _______ entrepreneurship in the Philippines is the establishment of the Department of Trade and Industry to support local businesses and promote economic development.

84
Q

This type of entrepreneurship involves initiatives undertaken by an individual or a family with their initiative. Examples include freelance work and solo entrepreneurship.

A

Individual Entrepreneurship

85
Q

An example of _______ entrepreneurship in the Philippines is the rise of digital nomads who work remotely and run their own businesses.

A

individual

86
Q

This type of entrepreneurship emerges in an economy where a favorable climate of motivation and encouragement exists for developing a wide range of entrepreneurship among the general mass.

A

Mass Entrepreneurship

87
Q

It involves increasing small and medium enterprises in a country. Examples include microfinance and community-based initiatives.

A

Mass Entrepreneurship

88
Q

An example of _____ entrepreneurship in the Philippines is the establishment of cooperatives and community-based enterprises in rural areas.

3RD YEAR SECOND SEM (6 decks)

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