Key Terms Ch 7 Flashcards
Charging fees to advertise on a site
Advertising Support Model
Charging fees to direct site visitors to other companies’ sites
Affiliate Model
Informal work on projects, other than those officially assigned, of employee’s own choosing and initiative
Bootlegging
Protected environments for new, small businesses
Business Incubators
3- to 6-month intensive process designed to help budding entrepreneurs build and launch rapidly successful ventures
Business Accelerators
A formal planning step that focuses on the entire venture and describes all the elements involved in starting it
Business Plan
Individuals who establish a new organization without the benefit of corporate sponsorship
Entrepreneur
The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services
Entrepreneurial Orientation
A new business having growth and high profitability as primary objectives.
Entrepreneurial Venture
The pursuit of lucrative opportunities by enterprising individuals
Entrepreneurship
An entrepreneurial alliance between a franchisor (an innovator who has created at least one successful store and wants to grow) and an franchisee (a partner who manages a new store of the same type in a new location)
Franchising
Sale to the public, for the first time, of federally registered and underwritten shares of stock in the company
Initial Public Offering (IPO)
Charging fees to bring buyers and sellers together
Intermediary Model
New-venture creators working inside big companies
Intrapreneur
People’s judgment of a company’s acceptance, appropriateness, and desirability, generally stemming from company goals and methods that are consistent with societal values
Legitimacy
A description of the good or service, an assessment of an opportunity, an assessment of the entrepreneur, specification of activities and resources needed to translate your idea into a viable business, and your source(s) of capital.
Opportunity Analysis
A project team designated to produce a new, innovative product
Skunkworks
A business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices
Small Business
A competitive advantage in the form of relationships with other people and the image other people have of you
Social Capital
leveraging resources to address social problems
Social Entrepreneurship
Organization that applies business models and leverages resources in ways that address social problems
Social Enterprises
Charging fees for site visits
Subscription Model
Charging fees for good and services
Transaction Fee Model
