Powerpoint One

Question 1

Entrepreneurship is the result of a disciplined, systematic process of applying __________ and _________ to the needs and _______ in the marketplace

Answer 1

• creativity
• Innovation
• opportunites

Question 2

People should ______ these opportunites

Answer 2

Exploite

Question 3

Entrepreneurs connect their creative ideas withe ______ ________ and ________ of a business

Answer 3

• purposeful action

- structure

Question 4

One who creates something new in the face of ______ and _______ by identifying _______ and assembling the necessary _______ to capitalize on them

Answer 4

• risk
• uncertainty
• opportunities
• resources

Question 5

Triple Bottom Line: _____, ______, _____

Answer 5

people, planet, profit

Question 6

The triple bottom line can generate what type of gains?

Answer 6

Economic, Environment, and social

Question 7

Entrepreneurs have a desire for______

Answer 7

responsibility

Question 8

Preference for moderate levels of risk

Answer 8

Risk Managers

Question 9

What type of entrepreneurs are most entrepreneurs?

Answer 9

Opportunity Based

Question 10

In order to succeed Entrepreneurs have to have ______ to succeed

Answer 10

confidence

Question 11

Value _______ over money

Answer 11

Achievment

Question 12

Future orientation ________, ________, ______ entrepreneurs

Answer 12

opportunity, necessity and serial

Question 13

_________ entrepreneurs are entrepreneurs who are people who perform an act because if not people will die

Answer 13

Necessity

Question 14

________ Entrepreneurs are people who start a business sell it then start another

Answer 14

Serial

Question 15

____% of all small businesses are small home based businesses

Answer 15

53

Question 16

______%of all U.S. businesses are family based

Answer 16

90

Question 17

_____% of businesses are Fortune 500

Answer 17

37

Question 18

Friend, family, or romantic partner

Answer 18

copreneurs

Question 19

Get laid off from there business and start their own company

Answer 19

Castoffs

Question 20

Drop out of corporate business and start your own

Answer 20

Drop offs

Question 21

When you are using small business Administration definition it classifies a small business by

Answer 21

100 employees or fewer

Question 22

Small Business provide _____ opportunites for growth

Answer 22

more

Question 23

Situations in which new goods, services, raw materials, and organizing methods can be introduced to the market and sold for a profit

Answer 23

Entrepreneurial opportunites

Question 24

Exploiting _____ or ______ in the market

Answer 24

imbalances or imperfections

Question 25

Applying combinations of the resources at hand to new problems and opportunities and taking existing resources and tinkering and or re framing them so they can be used in new ways

Answer 25

Briocolage

Question 26

_____Process starts with what one has and selects among possible outcomes

Answer 26

Effectuation

Question 27

_____Process starts with a desired outcome and focuses on the means to generate that outcome

Answer 27

Casual

Question 28

Took something that already existed and found a new way to use it

Answer 28

Superficial Similarites

Question 29

Lets figure out how something new works instead of just re-using it (EX. FEETZ)

Answer 29

Structural Similarites

Question 30

An individuals' mental processes in order to decide whether a signal represents an opportunity for someone , decide whether that opportunity is applicable to the individual specifically , and process feedback from action steps taken

Answer 30

Entrepreneurial Thinking

Question 31

Involves creation of new products or processes, involves recombination of existing products/processes, involves re-application for entry into new markets, and may occur through a start-up organization or within an established organization

Answer 31

Entrepreneurial Action

Question 32

The ability to develop new ideas and to discover new ways of looking at problems and oppoortunites

Answer 32

Creativity

Question 33

The ability to apply creative solutions to problems or opportunnites to enhance or to enrich peoples lives doing new things

Answer 33

Innovation