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NURSING ESTREPRENEURSHIP > INTRODUCTION TO NE > Flashcards

INTRODUCTION TO NE Flashcards

1
Q

The word entrepreneur was derived from the _________

A

FRENCH WORD

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2
Q

French word of entrepreneur

A

ENTREPRENDRE

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3
Q

Entreprendre means

A

TO UNDERTAKE

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4
Q

The usage of the term entrepreneur can be traced from

A

1755

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5
Q

Entrepreneur from the very beginning, was principally an

A

INDEPENDENT SPECULATOR OF THE COMMODITY

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6
Q

In the modern day markets, the term entrepreneur has been closely linked with

A

ECONOMIC DEVELOPMENT

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7
Q

economic development can emerge due to

A

Launch of new source of procurement for raw materials or materials

Introduction of a new production mechanism

Introduction of a new quality of product, or a novel product

Opening of a new market

Re-organisation of a business

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8
Q

management of all aspects of economic development are carried by an

A

ENTERPRISE

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9
Q

people whose functions are to carry out activities in an enterprise are called

A

ENTREPRENEURS

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10
Q

someone who manages all the necessary resources to produce and market a product which responds to the market scarcity

A

ENTREPRENEUR

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11
Q

individuals who recognize opportunities where others see chaos contradiction, and confusion.

A

ENTREPRENEUR

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12
Q

They are aggressive catalysts for change within the marketplace”

A

ENTREPRENEURS

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13
Q

is the person who carries out new combinations, causing discontinuity.

A

ENTREPRENEUR

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14
Q

characteristics of the entrepreneur

A

Vision oriented

Have high need in achievement

Do not rely on fate or luck

Undertake moderate risk

Face ambiguous situations

Productive and Efficient

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15
Q

an act of establishing a new venture

A

ENTREPRENEURSHIP

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16
Q

is that which pursues opportunity, regardless of resources currently controlled

A

ENTREPRENEURIAL ORGANISATION

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17
Q

the creation of organisations

A

ENTREPRENEURSHIP

18
Q

entrepreneurs create organisation, while non-entrepreneurs do not

A

TRUE

19
Q

Types of Entrepreneurs

A

Manager

Achievement entrepreneur

Salesman entrepreneur

Technology entrepreneur

20
Q

Primarily associated with the desire to achieve.

A

ACHIEVEMENT ENTREPRENEUR

21
Q

have an an enormous amount of energy and capabilities to take charge

A

ACHIEVEMENT ENTREPRENEUR

22
Q

they take initiatives and do not wait for things to happen.

A

ACHIEVEMENT ENTREPRENEUR

23
Q

They often possess the leadership qualities and have a great sense of commitment and responsibility in their ventures

A

ACHIEVEMENT ENTREPRENEUR

24
Q

these types of individuals are good in mseveral business related aspects and they try to accomplish their objectives, whilst heading their missions

A

ACHIEVEMENT ENTREPRENEUR

25
Q

these individuals possess skills to interact with people and have very good soft side of the management aspects

A

SALESMAN ENTREPRENEUR

26
Q

these people are typified for having the feelings of the consumers’ needs and wants

A

SALESMAN ENTREPRENEUR

27
Q

they usually use the soft sales approach whilst pursuing the growth of their ventures

A

SALESMAN ENTREPRENEUR

28
Q

they have enormous talent for connecting with people

A

SALESMAN ENTREPRENEUR

29
Q

spend most of their time in marketing their products/services and permit other people to manage their businesses.

A

SALESMAN ENTREPRENEUR

30
Q

devote their time to understand who and how are the consumers in the market

A

SALESMAN ENTREPRENEUR

31
Q

They develop a proper vision for marketing and sales practices to reach wider consumer groups

A

SALESMAN ENTREPRENEUR

32
Q

Individuals belong to this category, are generally idea developers

A

TECHNOLOGY ENTREPRENEUR

33
Q

these individuals often possess great ideas

A

TECHNOLOGY ENTREPRENEUR

34
Q

have the capabilities to develop innovative processes and invent novel products or services for niche markets.

A

TECHNOLOGY ENTREPRENEUR

35
Q

they have a good analytical intelligence and take calculated risks in their ventures

A

TECHNOLOGY ENTREPRENEUR

36
Q

at times their missions can become a bit idealistic

A

TECHNOLOGY ENTREPRENEUR

37
Q

These types of individuals possess the qualities of taking charge of the missions

A

MANAGER

38
Q

are very competitive by nature but not as co-operative as one would expect in a team work

A

MANAGER

39
Q

are usually found to take positions of high authority, such as external investors or sometimes act as board of directors.

A

MANAGER

40
Q

they prefer to work in larger organisations than small entrepreneurial businesses

A

MANAGER

41
Q

they have rich experiences, strong management skills and possess strength in managing existing businesses

A

MANAGER

42
Q

Process of entrepreneurship

A

Identify opportunities

Establish a vision

Persuade others

Gather resources

Create new venture, product, or market

Change/Adapt with time

NURSING ESTREPRENEURSHIP (5 decks)

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