Entrepreneurship
An individual who invents, develops, and distributes a good or provides a service; assumes the risks of starting and building a business; and receives personal and financial rewards for her/his efforts.
What is an entrepreneur?
Entrepreneurs identify potential business opportunities and evaluate those ideas for competitive advantages, feasibility, and profitability.
What is Discovery?
amount of money needed to stary a business.
What is Capital?
the creation of new products and services. It also includes significant improvements to goods or services through changes in design, components, materials, software, user-friendliness, and functionality.
WHat is Product Innovation?
The creative process of forming, developing and communicating new ideas.
What is Idea Generation?
Introduction of new ideas, methods, or original, creative approaches
What is innovative or innovation?
Begin by planning their business goals and determining the amount of capital needed to launch the enterprise
What is developing?
usually focus on running secure businesses that generate income. They often decide to keep their business operations small
What are small business owners?
It represents a market gap where a new or enhanced product can deliver significant value.
What is a product opportunity?
A visual diagram used to organize information, showing relationships among the whole?
What is mind mapping?
A process where a smaller company with fewer resources successfully challenges established incumbent businesses by entering at the bottom of the market or creating a new market
What is disruptive innovation?
Includes deciding when and how the entrepreneur will exit the business.
What is harvesting?
responsible for planning, organizing, and controlling the work of others within an organization. They often help make entrepreneurs’ visions a reality, but they aren’t necessarily entrepreneurs or small-business owners.
What are Managers?
the creation of new or significantly improved production or delivery methods
What is process innovation?
Exploring all combinations of a multi- dimensional problem or system
What is Morphological Analysis?
Encouraging employees to develop new ideas to solve specific problems.
What is Intrapreneurship?
Involves entrepreneurs seeking out investors, employees, capital resources, and any items that will be used to produce their businesses’ goods and services.
What is Resourcing?
the increasing interconnectedness of economies, cultures, and societies worldwide, driven by rapid advancements in transportation, technology, and international trade
What is Globalization?
an article or substance that is manufactured or refined for sale.
What is a product?
Solving problems through an indirect and creative approach
What is lateral thinking?
Starting and Building a businessl.
What is Entrepreneurship?
nvoIlves launching and running the business.
What is Actualization?
the integration of e-commerce directly into social media platforms, allowing users to discover, browse, and purchase products without leaving the app
What is Social Commerce?
intangible acts, performances, or experiences—rather than physical goods—purchased by consumers, firms, or governments to provide value, such as labor, advice, or convenience.
What is a service?
A group technique for generating a large number of ideas for the solution of a problem.
What is brainstorming?