Week 1 Flashcards

1
Q

was derived from the french verb enterprende, which means to “undertake”

A

Entrepreneur

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2
Q

The enterprise is created by an entrepreneur and the process is called

A

Entrepreneurship

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3
Q

a productive process of developing a business venture to make a profit

A

Entrepreneurship

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4
Q

Core and common competencies in entrepreneurship

A

Risk, seeking, assertiveness, and vision

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5
Q

made up of self-awareness and self-management

Creativity, determination, integrity, tenacity, emotional balance and self-criticism

A

Personal Competence

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6
Q

Ability to interact with others and with greater community

Communication, engagement/charisma, delegation, respect.

A

Interpersonal competence

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7
Q

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

A

Business Competence

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8
Q

Reactive then passive

A

Proactive

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9
Q

Innovation champions

A

Agents of change

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10
Q

Entrepreneurs will not be successful if the dont take risk

A

Risk takers

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11
Q

Talent for recognizing an oppurtinity

A

Sharp eye for opportunities

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12
Q

A network knows the key people to connect with.

A

Networkers

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13
Q

Always have a decision about their business

A

Decisive

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14
Q

Have a balance between analytical and creative side.

A

Balanced

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15
Q

ich with big ideas that can and value to their existing business

A

Innovative

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16
Q

Must have a convincing power

A

Communicator

17
Q

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

A

Innovative entrepreneurs

18
Q

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

A

Imitating entrepreneurs

19
Q

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

A

Fabian Entrepreneurs

20
Q

A person who lives on the labor of others

Are those individuals who are satisfied with the existing mode and speed of business activity

A

Drone Entrepreneurs

21
Q

Are those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development

A

Social entrepreneurs

22
Q

With the expertise of the entrepreneur, he can be a very good source of advice to other entrepreneurs

A

Business consultant

23
Q

The entrepreneur can be employed as researcher by an enterprise

A

Researcher

24
Q

Entrepreneurship graduates can work in sales or run the department of any business

A

Sales

25
Q

Those with the entrepreneurship degree are qualified to teach the core subjects in Senior High school and teach students entrepreneurial skills

A

Teachers