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