et Flashcards
(26 cards)
This allows the entrepreneur to see things in a
very positive and optimistic way in the midst of difficult situation. Being a risk - taker,
an entrepreneur can find solution when problems arise.
Entrepreneurial mind frame.
Entrepreneur’s driven passion, they are
attracted to discover satisfaction in the act and process of discovery. Passion is the
great desire of an entrepreneur to achieve his/her goals.
Entrepreneurial heart flame.
This refers to the ability of the entrepreneur of
being intuitive. This also known as intuition. The gut game also means confidence in
one’s self and the firm believes that everything you aspire can be reached.
Entrepreneurial gut game.
refers to the physical environment, societal environment, and
industry environment where the business operates.
External environment
includes all the laws, rules, and regulations that
govern business practices as well as the permits, approvals, and
licenses necessary to operate the business.
Political forces-
such as income level and employment rate.
Economic forces-
customs, lifestyles and values that
characterize a society.
Sociocultural forces-
New inventions and technology
innovations.
Technological environment
are people who drive social innovation and
transformation in various fields including education, health, human rights
and many others
Social entrepreneur-
are persons who lives on the labor of other
Drone entrepreneurs-
are skeptical about changes to be made in the
organization.
Fabian Entrepreneurs-
these are people who follow the path show by innovative
entrepreneurs
Imitating-
have the ability to think newer, better and more
economical ideas.
Innovative entrepreneurs-
Process of considering, evaluating, and pursuing market
based activities that are accepted to be beneficial for the business.
Opportunity seeking -
can be defined as the steps taken in order to begin a
new enterprise. It is a step-by-step method, one has to follow to set up a business.
Entrepreneurial process -
an innovative concept that can be used for financial gain
that is usually centered on a product or service that can be offered for money
Entrepreneurial ideas -
These are the basic
foundation that the entrepreneur must have in seeking opportunities, such as
entrepreneurial mind frame, heart flame and gut game.
Essentials of entrepreneur’s opportunity seeking -
can be attain by assessing and looking at changes in the
environment; technological discovery and advancement; government’s thrust,
programs, and policies; people’s interest, and past experiences.
Sources of opportunity -
refers to the physical environment, societal environment,
and industry where the business operates.
External environment -
refers to the local government (municipality, city, or provincial) or the
national government and its branches.
Government -
it is the act or process of trying to get or win something
Competition –
anything that takes the place or function of another.
Substitute –
the one who enters something
New entrants –
are the one that provide something that is needed or wanted
Suppliers –
