Module 3 - Entreprening

Question 1

Process of innovation from transforming raw, sometimes limited materials into a new and marketable offer

Answer 1

Entrepreneurship

Question 2

• Someone who have a creative and innovative mind, a risk taker that establish a business
• a person that ensure business growth and an exploiters of opportunities
• someone that could inspire and change the way others view daily activities

Answer 2

Entrepreneurs

Question 3

Main characteristics of today’s entrepreneurs

Answer 3

(1) Highly educated or uneducated
(2) Trained professionals or lacking any trade or occupation
(3) Young or old enough
(4) Have formal prepraration for entrepreneurship or have learnt it along the way

Question 4

Psychological traits of entrepreneurs

Answer 4

(1) creative and enthusiastic
(2) open for challenges and inventing new products and exploiting new ways
(3) never been satisfied with their achievements
(4) always looking for more and additional different path

Question 5

Human capital

Answer 5

• a combination of higher education, work experience & expertise
• a skilled and risk taker individual