Part 4 Flashcards
When an entrepreneur receives cash from an investor in exchange for equity in the company.
Equity financing
Money due from clients for products delivered or services performed.
Accounts receivable
A model advanced by Jay B. Barney and Delwyn N. Clark that focuses on the competences and capabilities of the firm in creating competitive advantage.
Resource-based Theory
Investments in new ventures with exceptional growth potential.
Venture capital (VC)
A method of raising capital through securities sold without a public offering - to select private investors.
Private placement
The process of innovating with products or services for the purpose of creating wealth for the entrepreneur while adding value to society.
Entrepreneurship
Payments due to suppliers for products and services.
Accounts payable
A plan of action designed to achieve specific goals or objectives in a venture.
Strategy
The strategic choices an entrepreneur makes to finance later-stage development of a venture.
Commercialization strategy
The process of developing innovative solutions for society’s most pressing social problems using entrepreneurial tools and techniques.
Social entrepreneurship
Investments in new ventures made by wealthy individuals - “angels”.
Angel capital
A process to determine the mission, objectives and strategies of a venture or organization and then find ways to achieve the identified vision.
Strategic planning
The quick, succinct summation of an entrepreneurial opportunity.
Elevator pitch
A manager within a firm tasked with fostering innovation through entrepreneurial activities.
Intrapreneur
The subset of the market on which a specific product or service is focused on.
Market niche
When an entrepreneur borrows cash and agrees to pay back the lender the original loan amount, plus a premium, by an agreed upon future date.
Debt financing
An entrepreneur who starts numerous businesses over time.
Serial entrepreneur
1) designed by Frederick W. Taylor
2) does not account for the individuality of workers
3) focuses on analyzing the physical work process
4) focused on raising productivity and output of product
5) based on the scientific method
6) principles still used and observable in business today
7) initiated in early 20th century
Scientific Management
1) focuses on the work environment
2) best exemplified by the Hawthorne experiments
3) focuses on human behaviors
4) focused on raising productivity and output of product
5) based on the scientific method
6) principles still used and observable in business today
7) initiated in early 20th century
Behavioral Approach to Management
