Module 1 Entrepreneurship and ITS ROOTS Flashcards
THE ACTIVITY OF SETTING UP A
BUSINESS OR BUSINESSES,
TAKING ON FINANCIAL RISKS IN
THE HOPE OF PROFIT.
ENTREPRENEURSHIP
13TH CENTURY FRENCH WORD
“ENTREPREDE”
or UNDERTAKE
FIRST ACADEMIC USAGE
OF ENTREPRENEUR
Richard
Cantillon
“ALONE ON THE ISLAND HE
IS ALTOGETHER A MAN OF
PROJECTS, A “PROJECTOR”
AND “ADVENTURER,”
Daniel
Defoe
17TH CENTURY - 18TH CENTURY
“ENTREPRENDE”
or RISK-TAKER
ONE IS CAPABLE OF
BEING MEASURED AND
THE OTHER IS
UNMEASURABLE
Frank H.
Knight
CARRIED FORWARD THE
NOTION OF RISK-TAKING
CLASSIFYING TWO KINDS
OF RISKS
Frank H.
Knight
INNOVATION IS THE DRIVING
FORCE NOT ONLY OF
CAPITALISM BUT ALSO OF
ECONOMIC PROGRESS IN
GENERAL, AND THAT
ENTREPRENEURS ARE THE
Joseph
Schumpeter
5 TYPES OF INNOVATION
PRODUCT
PROCESS
BUSINESS MODEL
SOURCE OF SUPPPLY
MERGERS & DIVESTMENT
Changing the yield of resources
(1909-2005)
Changing the value and
satisfaction obtained from
resources by the consumer and
innovation to be the specific.
PETER DRUCKER
ENTREPRENEURSHIP IS THE MINDSET AND
PROCESS TO CREATE AND DEVELOP
ECONOMIC ACTIVITY BY BLENDING
RISK-TAKING, CREATIVITY AND/OR
INNOVATION WITH SOUND MANAGEMENT,
WITHIN A NEW OR AN EXISTING
ORGANIZATION.
COMMISSION OF EUROPEAN
COMMUNITIES
Anatomy of an Entrepreneur
BRAIN
EARS
MOUTH
EYES
STOMACH
HEART
FEET
LEGS
refers to the key characteristics that entrepreneurs ideally possess
in order to perform entrepreneurial functions effectively.
PERSONAL ENTREPRENEURIAL
COMPETENCIES
are defined as the combination of knowledge,
abilities, and attitudes needed to accomplish a role efficiently.
Competencies
3 Components of PECs
THE PLANNING CLUSTER
THE ACHIEVEMENT CLUSTER
THE POWER CLUSTER
