entrep

Question 1

is the mindset that allows you to see opportunity everywhere.

Answer 1

Entrepreneurship

Question 2

Carrying out of new combinations of firm organization - new products, new services, new sources of raw materials, new methods of production, new markets, new forms of organization

Answer 2

Schumpeter, 1934

Question 2

is a catchword in this era of globalized economy. It is a foundation and catalyst for economic growth and innovation across nations.

Answer 2

Entrepreneurship

Question 3

Having profits from bearing uncertainty and risk

Answer 3

Having profits from bearing uncertainty and risk (Knight, 1921

Question 3

Purposely activity to initiate and develop a profit-oriented business

Answer 3

Cole, 1959

Question 4

Uncertainty bearing… coordination of productive resources… introduction of innovations and provision of capital

Answer 4

Hoselitz, 1952

Question 5

A kind of behavior that includes: (1) initiative-taking; (2) the organizing or reorganizing of social economic mechanisms to turn resources and situations to practical account: (3) the acceptance of risk failure

Answer 5

Shapero, 1975

Question 5

Taking moderate risk

Answer 5

McClelland 1961

Question 6

Decisions and judgments about the coordination of scarce resources

Answer 6

Casson, 1982

Question 7

Creation of new organization

Answer 7

Gartner, 1985

Question 7

Dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time, and career commitment of providing value for some product or service

Answer 7

Ronstadt, 1984

Question 8

The product or services itself may or may not be new or unique, but value must somehow be infused by the entrepreneur by securing and allocating the necessary skills and resources

Answer 8

Ronstadt, 1984

Question 8

Behavior rather than personality trait. Its foundation lies in concept and theory rather than in intuition

Answer 8

Drucker, 1985

Question 9

Process of creating something new with value by devoting the necessary time and effort; assuming the accompanying financial, psychic, and social risks and uncertainties; and receiving the resulting rewards of monetary and personal satisfaction

Answer 9

Hisrich & Brush, 1985

Question 10

Pursuit of opportunity without regard to resources currently controlled, but constrained by the founders’ previous choices and industry-related experiences

Answer 10

Hart, Stevenson, & Dial, 1995

Question 10

Pursuit of opportunity without regard to resources currently controlled

Answer 10

Stevenson & Grousebeck, 1989

Question 11

Dynamic process of vision, change, and creation that requires an application of energy and passion toward the creation and implementation of new ideas and creative solutions

Answer 11

Kuratko, 2017

Question 12

An activity that involves the discovery, evaluation, and exploitation of opportunities to introduce new goods and services, ways of organizing, market, processes, and raw materials through organizing efforts that previously had not existed

Answer 12

Shane, 2003

Question 13

Conceiving an opportunity to offer new or improved goods or services, showing the initiatives to pursue that opportunity, making plans, mobilizing the resources necessary to convert the opportunity into reality

Answer 13

Dyck & Nuebert, 2012