Lesson 1 (Entrepreneurial Mindset) Flashcards

1
Q

it is the entrepreneurship in the field of technology

A

Technopreneurship

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2
Q

they offer products or services that are technical in nature.

A

Technopreneurs

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3
Q

a procedure of synthesis to
improve and innovate the future of a person, a nation and the globe as a whole.

A

Technopreneurship

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4
Q

a person who organizes
and operates a business
or businesses, taking on
greater than normal
financial risks

A

Entrepreneur

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5
Q

is a person who
revolutionizes the prevailing
economic order by making
the best use of the
technology at hand

A

Technopreneur

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6
Q

a person’s set of beliefs and attitudes about themselves, their lives, and the world around them

A

Mindset

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7
Q

a specific set of beliefs, knowledge, and thought process that drives entrepreneurial behavior.

A

entrepreneurial mindset

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8
Q

What are the 8 Domains of Entrepreneurial Mindset?

A

4 C ; 2 F ; O ; I
- Critical Thinking
- Creativity and Innovation
- Comfort with Risk
- Communication and Collaboration

  • Future Orientation
  • Flexibility and Adaptability
  • Opportunity Recognition
  • Initiative and Self-Reliance
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9
Q

the power to take ownership of a project without guidance

A

Initiative and Self-Reliance

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10
Q

An optimistic disposition with a focus on obtaining the skills and knowledge to transition into a career

A

Future Orientation

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11
Q

The capacity to move forward with a decision despite inevitable uncertainty

A

Comfort with Risk

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12
Q

The practice of seeing and experiencing problems as opportunities to create solutions

A

Opportunity Recognition

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13
Q

The ability to clearly express ideas to an intended audience, including persuading others to work towards a common goal

A

Communication and Collaboration

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14
Q

The capacity to apply higher level, process-oriented thinking from a range of possible perspectives

A

Critical Thinking

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15
Q

The ability and willingness to change actions and plans to overcome present and future challenges

A

Flexibility and Adaptability

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16
Q

The ability to think of ideas and create solutions to problems without defined structures

A

Creativity and Innovation

17
Q

it what drives innovation, originating from creativity, market analysis, and technological knowledge.

18
Q

it plays a crucial role by driving the creation of ground-breaking products and services

A

Innovation

19
Q

it may be goods, a commodity, a service, or an object. Anything that can be offered to someone to satisfy a need or want

20
Q

Are intangible activities or benefits provided to customers in exchange for payment

21
Q

physical objects that can be touched, seen and stored

22
Q

Non-physical assets or services that cannot be touched but provide value

A

Intangible

23
Q

it is like a circle of friends that we have in real life

24
Q

a group of individuals that work together for a common purpose

25
5 stages of Team Formation
- Forming Phase - Storming Phase - Norming Phase - Performing Phase - Adjourning Phase
26
(Stage of Team formation) where it is the process of putting the structure of the team together
Forming Phase
27
(Stage of Team formation) where members openly share ideas and use this as an opportunity to stand out
Storming Phase
28
(Stage of Team formation) Each member knows their role and works on their part of the project
Norming Phase
29
(Stage of Team formation) Happens when teams have developed systems that make projects go smoothly
Performing Phase
30
(Stage of Team formation) it is the time to acknowledge the success and bringing closure to the work and team itself
Adjourning Phase