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29 Cards in this Set
- Front
- Back
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Entrepreneur originates from |
Entreprendre |
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Entrepreneur originates from the french word entreprendre that means? |
To undertake |
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The operational definition of entrepreneurship is? |
Art of observing correct practices in managing and operating a self owned wealth |
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Is defined as a person who strongly advocates and correctly practices concepts and principle of entrepreneurship |
Entrepreneur |
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Are Businesses that are being managed by others for the benefit of owners |
Entrapreneurship |
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Refers to business or enterprise that adopts and practices correctly the principle of entrepreneurship |
Small Business |
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Pertains to a business enterprise managed and operated by an owner who does not practice the concepts of entrepreneurship |
Ordinary Small Business |
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Is an activity that assurrs the viability and growth of the economy |
Entrepreneurship |
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Is the willingness to take risks and develop, organize and manage a business venture in a competetive global market |
Entrepreneurship |
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A desirable and timely innovatio that creates value for interested buyers or end users |
Entrepreneurial Opportunity |
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Involves measures to encourage individuals to become entrepreneurs |
Enterprise |
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Is about spotting opportunities, creating new ideas and having the confidence |
Enterprise |
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Art of working within an organization or within an existing business structure |
Intrapreneurship |
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A person who works within a large corporation and who applies the principles of entrepreneurship |
Intrapreneur |
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Involves using entrepreneurial skills for the public good rather than private profit |
Social Entrepreneurship |
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Business Idea+ customers |
Business Opportunity |
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Advantages of Entrepreneurship |
Financial Rewards Enjoyment Challenge |
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Disadvantages of Entrepreneurship |
Risk/ risk of losing entire capital Stress Long hours and demanding work condition Lack of Skills Uncertainty of Income |
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The Individual Entrepreneurs? |
Financial Entrepreneurs Creative Entrepreneurs Social Entrepreneurs |
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Trimedia |
Tv Radio |
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Promoting examples? |
Posters Flyers Radio ad Billboard Transit Advertising Signage |
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Old concept is? |
Idea to creation of product to market |
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New concept is? |
Needs of Market to product to introducing to the market |
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Business Idea Vs. Business Opportunity |
●Has the potential to make money; proven concept that generates ongoing income ● abstract in form; business idea that hS been resesrched |
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Characteristics of Entrepreneur |
Right Skills Right Process Right Heart |
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Is a discipline that suggests that entrepreneurship is based on the same principle, whether the entrepreneur is a large institution |
Entrepreneurial Managementa |
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A dynamic process of vision, change and creation |
Entrepreneurship |
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An application of energy and passion to create or implement new ideas and creative solutions |
Entrepreneurship |
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Is the one who undertakes to organize, manage and assume the risks of a business |
Entrepreneurs |
