Week 1 Flashcards
was derived from the french verb enterprende, which means to “undertake”
Entrepreneur
The enterprise is created by an entrepreneur and the process is called
Entrepreneurship
a productive process of developing a business venture to make a profit
Entrepreneurship
Core and common competencies in entrepreneurship
Risk, seeking, assertiveness, and vision
made up of self-awareness and self-management
Creativity, determination, integrity, tenacity, emotional balance and self-criticism
Personal Competence
Ability to interact with others and with greater community
Communication, engagement/charisma, delegation, respect.
Interpersonal competence
A skill that allow for success in the world of business
Business vision, resource management, networking, negotiating skills.
This competency is simply innate, many of them can be developed or enhanced with a concerted effort
Business Competence
Reactive then passive
Proactive
Innovation champions
Agents of change
Entrepreneurs will not be successful if the dont take risk
Risk takers
Talent for recognizing an oppurtinity
Sharp eye for opportunities
A network knows the key people to connect with.
Networkers
Always have a decision about their business
Decisive
Have a balance between analytical and creative side.
Balanced
ich with big ideas that can and value to their existing business
Innovative
Must have a convincing power
Communicator
Have the ability to think newer, better and more economical ideas.
Business leaders and contributors to the economic development of a country
They look for ways to make their products and services stand out from other things on the market
Steve Jobs and Bill Gates
Innovative entrepreneurs
Are those who don’t create new things but only follow the ideas of thier entrepreneurs
risk being seen as copycats
Samwer Brothers, Alexander, marc and oliver
Imitating entrepreneurs
are skeptical about the changes to be made in the organization, they do not initiate any inventions but follow only after the are satisfied with its success rate
Fabian Entrepreneurs
A person who lives on the labor of others
Are those individuals who are satisfied with the existing mode and speed of business activity
Drone Entrepreneurs
Are those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development
Social entrepreneurs
With the expertise of the entrepreneur, he can be a very good source of advice to other entrepreneurs
Business consultant
The entrepreneur can be employed as researcher by an enterprise
Researcher
Entrepreneurship graduates can work in sales or run the department of any business
Sales
Those with the entrepreneurship degree are qualified to teach the core subjects in Senior High school and teach students entrepreneurial skills
Teachers
