part 2 Flashcards
Brief one to two page description of the key points of each section of the business plan
Executive Summary
Presents Product or Service being offered
Unique features of the Product or Service
Product/service plan
Qualifications of the Entrepreneur
Qualifications of any Partners who may be involved in the
business venture
Management Team Plan:
Analyzes the: Customers / Competition / Industry /
Demographic / Geographic and Economic data
Industry/Market Analysis:
Includes all processes involved in producing and/or delivering
the product or service to the customer
Operational Plan:
Management philosophy of the business
Key management personnel
Key employment policies
Organizational Plan:
Describes how the business will make its customers aware of its products/ services.
The Market being served / Marketing Strategies / Promotional Plan / Marketing
Budget
Marketing Plan:
Presents plan for future expansion of the business
Growth plan
Includes financial statements that will help forecast the future financial
health of the business.
Financial Plan:
Who defined entrepreneurship as a behavior rather than personality trait?
drucker
He defined entrepreneurship as a creation of new organizations.
Gartner
The contributor who defined entrepreneurship as an activity that involves discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, process and raw materials through organizing efforts that previously had not existed.
Shane
He defined entrepreneurship as having profits from uncertainty and risk.
Knight
It is a mindset that allows you to see opportunity everywhere and it could be seeing the possibilities in the people that can help you grow a business.
entrepreneurship
Give at least 5 countries which is known as successful entrepreneurs in the world.
China
US
CANADA
JAPAN
INDIA
SOUTH KOREA
They defined entrepreneurship as pursuit of opportunity without regard to resources currently controlled.
stevenson and grousebeck
Carrying out of new combinations of firm
organization-new products, new services,
new sources of raw material, new methods
of production, new market, new forms of
organization
schumpeter
Uncertainty bearing…
coordination of productive
resources… introduction
of innovations and
provision of capital.
Hoselitz
Purposeful activity to
initiate and develop
a profit-oriented
business.
cole
Taking moderate
risk.
mcleland
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,
shapero
Decisions and
judgements about the
coordination of scarce
resources.
casson
Dynamic process of creating incremental
wealth. This wealth is created by
individuals who assume the major risks in
terms of equity, time, and/or career
commitment of providing value for some
product or service.
rondstandt
Process of creating something
new with value by devoting the
necessary time and effort;
assuming the accompanying
financial, psychic and social risks
and uncertainties;
hisrich and brush
