Powerpoint One Flashcards
Entrepreneurship is the result of a disciplined, systematic process of applying __________ and _________ to the needs and _______ in the marketplace
- creativity
- Innovation
- opportunites
People should ______ these opportunites
Exploite
Entrepreneurs connect their creative ideas withe ______ ________ and ________ of a business
- purposeful action
- structure
One who creates something new in the face of ______ and _______ by identifying _______ and assembling the necessary _______ to capitalize on them
- risk
- uncertainty
- opportunities
- resources
Triple Bottom Line: _____, ______, _____
people, planet, profit
The triple bottom line can generate what type of gains?
Economic, Environment, and social
Entrepreneurs have a desire for______
responsibility
Preference for moderate levels of risk
Risk Managers
What type of entrepreneurs are most entrepreneurs?
Opportunity Based
In order to succeed Entrepreneurs have to have ______ to succeed
confidence
Value _______ over money
Achievment
Future orientation ________, ________, ______ entrepreneurs
opportunity, necessity and serial
_________ entrepreneurs are entrepreneurs who are people who perform an act because if not people will die
Necessity
________ Entrepreneurs are people who start a business sell it then start another
Serial
____% of all small businesses are small home based businesses
53
______%of all U.S. businesses are family based
90
_____% of businesses are Fortune 500
37
Friend, family, or romantic partner
copreneurs
Get laid off from there business and start their own company
Castoffs
Drop out of corporate business and start your own
Drop offs
When you are using small business Administration definition it classifies a small business by
100 employees or fewer
Small Business provide _____ opportunites for growth
more
Situations in which new goods, services, raw materials, and organizing methods can be introduced to the market and sold for a profit
Entrepreneurial opportunites
Exploiting _____ or ______ in the market
imbalances or imperfections
Applying combinations of the resources at hand to new problems and opportunities and taking existing resources and tinkering and or re framing them so they can be used in new ways
Briocolage
_____Process starts with what one has and selects among possible outcomes
Effectuation
_____Process starts with a desired outcome and focuses on the means to generate that outcome
Casual
Took something that already existed and found a new way to use it
Superficial Similarites
Lets figure out how something new works instead of just re-using it (EX. FEETZ)
Structural Similarites
An individuals’ mental processes in order to decide whether a signal represents an opportunity for someone , decide whether that opportunity is applicable to the individual specifically , and process feedback from action steps taken
Entrepreneurial Thinking
Involves creation of new products or processes, involves recombination of existing products/processes, involves re-application for entry into new markets, and may occur through a start-up organization or within an established organization
Entrepreneurial Action
The ability to develop new ideas and to discover new ways of looking at problems and oppoortunites
Creativity
The ability to apply creative solutions to problems or opportunnites to enhance or to enrich peoples lives doing new things
Innovation
