intro to
Entrepreneurship
Entrepreneurship
Process of identifying and seizing oppurtunities to create value through innovative ideas, products, or services
What is entrepreneurship?
By fostering this, entrepreneurship creates an environment where groundbreaking ideas and solutions can thrive revolutionizing industries like transportation.
What is innovation?
Aims to adjust societal or environmental challenges through business solutions
What is social entrepreneurship?
key component when pitching to investors
what is the investment opportunity?
Exchange of information and resources among people to create connections.
What is networking?
The first big shift in entrepreneurship
What is Agricultural Revolution
These types of startups often disrupt industries by creating innovative solutions, driving competition, and transforming traditional business practices.
What are innovation driven startups?
Entrepreneurship within an existing organization where employees innovate in develop new product services or processes
What is intrapreneurship?
A positive attribute, connoting, high energy, persistence, and commitment during a pitch.
What is passion?
Aka Peer to peer funding
What is crowdfunding?
One of the key developments in the history of entrepreneurship
What is money?
The four P’s of innovation
What are product, price, place, and promotion?
Four types of ventures
What are Survival ventures, lifestyle ventures, managed growth ventures, and aggressive growth ventures?
Final part to the pitch
What is call of action?
Three flavors of crowd funding
What is Equity, Loan, Contribution
Economical principle that economist Joseph Schumpeter observed in 1942
What is Creative destruction?
Type of innovation that focuses on improving existing capabilities and establish markets using methods like strategic road mapping and traditional R&D.
What is sustaining innovation?
It provides a relatively stable income stream for owners based on a workable business model and a maintenance approach to management. (Type of venture)
What is Lifestyle venture?
Individuals who provide financial backing to early stage startups/small businesses
What are Angel investors?
Use of personal finances or the company’s own revenue
Countries with thriving entrepreneurial ecosystems often attract this type of investment, boosting local economies and fostering global partnerships
What is foreign direct investment (FDI)?
Developed to help leaders identify the right type of strategy to solve a problem by asking two key questions: how well the problem is defined and the required skills needed to solve it
What is the innovation matrix?
Opportunity driven with the founders (often a team) seeking to transform industries and create new markets (type of venture)
What is aggressive growth ventures?
Art of conveying a message or idea through a structured narrative
what is storytelling?
According to video “A primer on resources for the entrepreneur” intangible resources are
what is networking, knowledge, skills or business model