Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

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

A

ENTREPRENEURS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

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

A

ENTREPRENEURSHIP

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

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

A

ASPIRATIONS AND VISIONS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

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

A

PERSONALITY, SKILLS AND CHARACTERISTICS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

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

A

PROFITS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

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

A

Small business entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

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

A

Small business entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

sari-sari stores, carinderias, and small retail shops

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

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

A

SM Corporation and Ayala Corporation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

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

A

Large company entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

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

A

Scalable startup entrepreneurs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

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

A

Scalable startup entrepreneurs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

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

A

Grab and PayMaya.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Examples of scalable startups are ______, _____ and ____.

A

Facebook, Instagram and Uber

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

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

A

Scalable startup entrepreneurship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
This type of entrepreneurship involves starting and running a business that aims to provide a social good or address a social issue.
Social entrepreneurship
26
__________ create businesses that have a positive impact on society, while still making a profit.
Social entrepreneurs
27
They make a profit through sales and donations.
Social entrepreneurs
28
Examples of social entrepreneurship in the Philippines include ____ and ______.
Hapinoy and Rags2Riches
29
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.
Social entrepreneurship
30
This type of entrepreneurship involves starting and running a business that creates and markets innovative products or services.
Innovative entrepreneurship
31
_____________ focus on developing and commercializing new ideas, technologies, and processes.
Innovative entrepreneurs
32
They make a profit through sales, patents, and licensing.
Innovative entrepreneurs
33
People like Steve Jobs and Bill Gates are examples of ________ entrepreneurs.
INNOVATIVE
34
are people who are constantly coming up with new ideas and inventions.
Innovative entrepreneurs
35
Examples of innovative entrepreneurship in the Philippines include ______ and ______.
First Gen Corporation and Kalibrr
36
This type of entrepreneurship involves starting and running a business by using a combination of hard work, creativity, and determination.
Hustler entrepreneurship
37
_______ are typically driven by their passion and desire to succeed.
Hustler entrepreneurs
38
They make a profit through sales and partnerships.
Hustler entrepreneurs
39
Examples of hustler entrepreneurship in the Philippines include _____ and _____.
Kultura and Bench
40
This type of entrepreneurship involves starting and running a business by copying or improving upon an existing product or service.
Imitator entrepreneurship
41
____________ aim to enter an established market by offering a better or more affordable alternative to existing products or services.
Imitator entrepreneurs
42
They make a profit through sales and marketing.
Imitator entrepreneurs
43
Examples of imitator entrepreneurship in the Philippines include _____ and _________.
Jollibee and Mang Inasal
44
This type of entrepreneurship involves starting and running a business by conducting research and development to create new products or services.
Researcher entrepreneurship
45
_________ focus on solving complex problems and creating breakthrough innovations.
Researcher entrepreneurs
46
They make a profit through patents, licensing, and sales.
Researcher entrepreneurs
47
Examples of researcher entrepreneurship in the Philippines include _________ and ______.
DOST-ITDI and DOST-PCIEERD.
48
This type of entrepreneurship involves starting and running a business by buying an existing business or franchise and operating it.
Buyer entrepreneurship
49
__________ typically have less risk than other types of entrepreneurs since they are acquiring a business with a proven track record.
Buyer entrepreneurs
50
They make a profit through sales and managing the operations of the business.
Buyer entrepreneurs
51
Examples of buyer entrepreneurship in the Philippines include ___________ and ___________.
7-Eleven and McDonald's franchises
52
This kind of entrepreneurship is less risky because they are purchasing already well-established companies.
Buyer entrepreneurship
53
Classification Of Entrepreneurship
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
Small business CLASSIFICATION
Administrative, Opportunistic, Incubating, Individual, Mass
55
Large company CLASSIFICATION
Administrative, Acquisitive, Public
56
Scalable startup CLASSIFICATION
Administrative, Opportunistic, Incubating
57
Social entrepreneurship CLASSIFICATION
Administrative, Incubating, Public
58
Innovative entrepreneurship CLASSIFICATION
Administrative, Opportunistic, Incubating
59
Hustler entrepreneurship CLASSIFICATION
Opportunistic, Individual
60
Imitator entrepreneurship CLASSIFICATION
Imitative, Private
61
This type of entrepreneurship focuses on using administrative techniques and functions to increase overall organizational efficiency.
Administrative Entrepreneurship
62
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.
Administrative Entrepreneurship
63
An example of ________ entrepreneurship in the Philippines is the implementation of electronic government systems to improve public service delivery.
administrative
64
This type of entrepreneurship involves identifying and taking advantage of opportunities presented by environmental changes.
Opportunistic Entrepreneurship
65
The key characteristic of this type of entrepreneurship is the ability to recognize and act on opportunities quickly.
Opportunistic Entrepreneurship
66
Examples include businesses that quickly pivot to offering new products or services in response to changing market demands.
Opportunistic Entrepreneurship
67
An example of __________ entrepreneurship in the Philippines is the rise of food delivery businesses during the COVID-19 pandemic.
opportunistic
68
This type of entrepreneurship involves learning from other competencies and acquiring something new of value from the competitive environment or competitors’ technical capacities.
Acquisitive Entrepreneurship
69
The goal is to keep the business sustainable in a competitive environment by constantly acquiring new knowledge and skills.
Acquisitive Entrepreneurship
70
Examples include mergers and acquisitions and strategic partnerships.
Acquisitive Entrepreneurship
71
An example of _______ entrepreneurship in the Philippines is the acquisition of local banks by larger multinational banks.
acquisitive
72
This type of entrepreneurship involves generating and nurturing new ideas and ventures within an organization.
Incubating Entrepreneurship
73
It involves pursuing and promoting differentiated technologies to encourage innovation. Examples include tech incubators and startup accelerators.
Incubating Entrepreneurship
74
An example of _________ Entrepreneurship in the Philippines is the establishment of the Philippine Startup Development Program to provide support and funding for local startups.
Incubating
75
This type of entrepreneurship involves imitating an existing product or service in the market under a franchise agreement.
Imitative Entrepreneurship
76
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.
Imitative Entrepreneurship
77
An example of _______ entrepreneurship in the Philippines is the proliferation of fast-food chains under franchise agreements.
imitative
78
This type of entrepreneurship involves initiatives undertaken by the private sector.
Private Entrepreneurship
79
The government provides support services through private and public concerns to encourage private initiative in taking entrepreneurial ventures. Examples include small businesses and startups.
Private Entrepreneurship
80
An example of _______ entrepreneurship in the Philippines is the establishment of local SMEs, such as food carts and clothing boutiques.
private
81
This type of entrepreneurship involves initiatives undertaken by the government through its various development agencies.
Public Entrepreneurship
82
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.
Public Entrepreneurship
83
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.
public
84
This type of entrepreneurship involves initiatives undertaken by an individual or a family with their initiative. Examples include freelance work and solo entrepreneurship.
Individual Entrepreneurship
85
An example of _______ entrepreneurship in the Philippines is the rise of digital nomads who work remotely and run their own businesses.
individual
86
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.
Mass Entrepreneurship
87
It involves increasing small and medium enterprises in a country. Examples include microfinance and community-based initiatives.
Mass Entrepreneurship
88
An example of _____ entrepreneurship in the Philippines is the establishment of cooperatives and community-based enterprises in rural areas.
mass

3RD YEAR SECOND SEM (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions