lesson 2 Flashcards

(22 cards)

1
Q

Created by one person without the goal to expand of franchise
-driven, responsible and committed

A

Small Business Entrepreneurs

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2
Q

The idea of changing the world involves creating a business model that is both repeatable and scalable, allowing for rapid expansion, big profits, and a long-term plan for profitability, as seen in companies like Amazon, Google, and Apple.

A

Scalable startup Entrepreneurship

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3
Q

A self-motivated and action-oriented employee is supported and encouraged by companies like Shutterstock to pursue innovative ideas that benefit the organization.

A

Intrapreneurship

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4
Q

An infinite cycle of innovating and offering new products to consumers, including subsidiaries, helps companies enter new markets, expand their customer base, and grow the business, with subsidiaries being controlled by a parent or holding company.

A

Large Company Entrepreneurship

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5
Q

Also known as Adoptive Entrepreneurs, these individuals copy successful innovative entrepreneurs, taking on lower risk and using limited resources by replicating ideas while finding ways to improve them.

A

Imitative Entrepreneurship

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6
Q

Constantly coming up with the next big thing, these entrepreneurs stay aware of the current market, focusing not just on new products and ideas but also on how business is conducted to stay ahead of the competition.

A

Innovative Entrepreneurship

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7
Q

“Money makes money” refers to entrepreneurs who buy developing or well-established companies, helping them thrive by being both financially and personally involved, while maintaining an active leadership role without handing over control.

A

Buyer Entrepreneurship

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8
Q

Relying on academic research and data, along with an understanding of how to optimize limited resources, ensures informed and efficient decision-making.

A

Research Entrepreneurship

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9
Q

A self-starter driven to succeed, I am confident, fearless, and possess a rigorous work ethic.

A

Hustler Entrepreneurship

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10
Q

Create products and services that both benefit the world and generate revenue through nonprofit, for-profit, or hybrid companies committed to social or environmental change.

A

Social Entrepreneurship

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11
Q

what are the importance of Entrepreneurs?

A
  1. wealth creation and sharing
    2.Job Creation
  2. Imports and exports
  3. Balanced Regional development
    5 GDP per income
  4. Community Developmeny
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12
Q

What are the Characteristic of Entrepreneurs?

A
  1. Oppurtunity seeking
    2Persistence
    3.Commitment to work
    4.Demand for quality and efficiency
    5.Risk taking
    6.Goal Setting
    7.Information seeking
  2. Systematic planning and monitoring
  3. Persuasion and networking
    10 self confidence
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13
Q

Creating something new from current resources into something new

A

Oppurtunity seeking

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14
Q

Characteristic of perseverance despite frustration and struggles

A

Persistence

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15
Q

Enthusiasm for achieving the goals and objectives of the organizations

A

Commitment to work

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16
Q

Do things better, faster, and cost- efficient better than others

A

Demand for quality and efficiency

17
Q

taking the first step action to calculate the cause and effect of the results

18
Q

Establishing clear and precise goals for enterprise sustainability

19
Q

Continous research with regard to coping with changes in the environment

A

Information Seeking

20
Q

Ensuring task are achieved with regard to process and measuring results

A

Systematic planning and monitoring

21
Q

Developing and maintaining good relationship with other stakeholders

A

Persuasion and networking

22
Q

Responsible for their decision without being arrogance

A

Self Confidence