Lesson 1 Flashcards
A person who creates ideas that will be useful for starting a business
Entrepreneur
The science of converting processed ideas into a remarkable business venture
Entrepreneurship
Capability, capacity and ability of a person to handle situations in various areas in business operations
Entrepreneurship Competencies
Competencies for Entrepreneurial success:
-positive set of values and personal beliefs
-knows what is good and right, does what is best for everyone, does not act before thinking
Integrity
Competencies for Entrepreneurial success:
-open to new approaches and analyzes ideas
-understands where problems occured, proposed solution to both customers and employees
Conceptual Thinking
Competencies for Entrepreneurial Success:
-anticipates future problems but knows how to solve problems
-relies on gut feel
Risk-taking
Competencies for Entrepreneurial Success:
-knows how to work with people or groups
Collaboration
Competencies for Entrepreneurial success:
-finds ways to do things faster / with less costs
Strategic Thinking
Competencies for Entrepreneurial success
-should be updated with developments / udpates in the market
Commercial Aptitude
Competencies for Entrepreneurial success:
-knows how to strategize to reach a goal
Decisiveness
Competencies for Entrepreneurial success:
-learn from experience
Optimism
Competencies for Entrepreneurial success:
-knows what his/her customers need
Customer Relation Service
Competencies for Entrepreneurial success:
-show empathy
People-centered
