Foundations 1
Taking ownership for your own life. No one will ever be as concerned about your success as you.
Responsibility
Approaching everything in life as a reason to improve; recognize and seize what life has to offer.
Opportunity
A shortage of resources- Time, Attention, and Money.
Scarcity
Slogan
In this holiday classic, Ralphie’s dad’s “leg lamp” causes quite a stir.
A Christmas Story
Always acting with courage, respect, and toleration.
Integrity
Using economic thinking to create the greatest benefit while using the least resources.
Sound Judgement
I can’t get what I want unless I help you get what you want. What's in it for the customer and the company?
Self-Interest
Logo
What Netflix show takes place in Hawkins, Indiana?
Stranger Things
Seeking to understand and drive change that benefits others, and exemplify humility and intellectual honesty.
Knowledge
Cooperation creates real value in society — for yourself and others.
Win-Win Focus
People value different things, at different times, for different reasons, and it’s always changing. You are not the customer.
Subjective Value
A business arrangement in which one company gives another company permission to manufacture its product for a specified payment.
Licensing
In the 1980 Winter Olympics, the U.S. Hockey team defeated this country to win the Gold Medal. (Hint- there was also a movie created about this event).
Finland
Respecting the rights of others and studying the links to entrepreneurship and societal well-being.
Freedom
Finding fulfillment in your life by improving the lives of others.
Passion
Resources invested in the past cannot be recovered. Pivot!
Sunk Cost
An exclusive right granted for an invention. The right to a product or a process that generally provides a new way of doing something.
Patent
Originally worn by sailors, these flared jeans became popular on college campuses in the 1960’s and 1970’s.
Bell-bottoms