H Flashcards
Ability to be able to know what products and services are needed by people.
Entrepreneurship
It is the process of creating, launching, and managing the business operation
Entrepreneurship
Has a French origin and was coined from the 1.______ which means l 2._____ and 3._____
which means 4._____
1.entre
2.between
3.prende
4.to take
Entrepreneur Was derived from French verb 1.______
which means 2._____
1.enterprende
2.to undertake
5 lvls of entrepreneurial development
(Enumeration)
1.the self employed
2.the manager
3.the leader
4.the true entrepreneur
5.the investor
based on their experience, now aim for quality and excellence in their work.
True entrepreneur
Entrepreneurs in this level already enjoy seeing their people flourish, stepping up and producing great results with minimal supervision.
The leader
In this level, entrepreneurs feel the need to step up and ask some help from the people around them
The manager
are, simply put, not
comfortable with the routines of a desk job
The self-employed
They may either purchase one or
two businesses that can potentially add value to the company, or sell their established business.
The investor
4 step process of thinking (enumeration)
1.the idealization
2.the visualization
3.the verbalization
4.the materialization
Happens when the
vision becomes a reality
The materialization
Involves sharing their ideas with other people, knowing that their vision is already occurring.
The verbalization
Entrepreneurs start to create plans to make the dream a reality
The visualization
Entrepreneurs dream enormously and desire to build an ideal environment.
The idealization
