Lecture 2 Flashcards
1
Q
What are the 3 factors that cause venture creation? (expressed as an OBM)
A
- idea generation
- opportunity recognition
- exploitation
2
Q
What is at the heart of entrepreneurial opportunity?
A
- creativity
- innovation
- opportunity
3
Q
What are the 3 area’s on choosing a team?
A
- skills, knowledge and experience
- tangible and intangible resources
- vision, values and motivation
4
Q
What are the 5 stages on forming a team? (+explaination)
A
- forming= meeting
- storming= problems arise
- norming= make rules
- performing= working with those rules
- adjourning= make adjustments if needed
5
Q
What are the three approaches to shape a venture idea?
A
- following an emergent vision
- traditional business plan
- business model
6
Q
What are the key dimensions from the OBM?
A
- proposition/what
- people/who
- place/where
- process/how
- profit/why
7
Q
What are the drivers from the OBM?
A
- personal
- societal
- commercial
- legal
- technological
8
Q
To what is entrepreneurship the bridge?
A
creativity and innovation
9
Q
What is the role of the chair, team leader, innovator and monitor evaluator?
A
- organises, team bonder
- initiative
- creates new ideas and tasks
- provides feedback on performance
10
Q
What is the role of the team-worker, completer, implementer and the resource investigator?
A
- encourages other team members
- maintains deadlines and finishes work
- carries out practical work
- contact with external parties
11
Q
What are the three stages of network?
A
- creating new ties
- developing existing ties
- reviewing and adjourning old ties
