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10 Cards in this Set
- Front
- Back
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Entrepreneurship |
Can be defined as the ability to identify business opportunities, which can be transformed into successful businesses through creative and innovative processes. |
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Globalization |
Is the worldwide movement toward economic, financial, trade and communications integration. |
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Entrepreneur |
Is the person who sees an opportunity in the market gathers his or her resources and creates and grows a business venture to meet the identified needs. |
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Intrapreneur |
Is acting like an entrepreneur within a larger organization. Intrapreneurs are usually self-motivated, proactive and action-oriented people whonare comfortable with taking the initiative. |
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Resources |
Are the means or assets that the business needs to achieve its goal. |
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Financial Resources |
×cash ×credit facilities ×ability to access financing ×Equity |
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Physical Resource |
×equity and machinery ×building ×raw materials ×production plant/factory ×stationary supplies and sundry |
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Human Resources |
×Knowledge, skilles, competences ×expertise: management, technical, marketing etc ×combined experience ×attitudes |
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Intangible Resources |
×brand name ×patent ×trademark ×databases ×copyright ×registered design |
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Structural and Cultural Resources |
History of organization Culture Work systems e.g. social system, technical system Policies and practices Internal and external relationships Formal and informal structures Communication channels: formal and informal |
