Concepts
What is the definition of corporate entrepreneurship?
(Intrapreneurship) is a process used to develop new businesses, products, services or processes inside of an existing organization to create value and generate new revenue growth through entrepreneurial thought and action.
What is break even point
}The break-even point is that volume of sales at which the business will neither make a profit nor incur a loss.
What is the Executive Summary
na succinct highlight of the overall plan - Located at the front of the business plan but is the last item to write in the business plan
The cost of a business expense that doesn't change even with an increase or decrease in the number of goods and services produced
Fixed Cost
A guideline used to make consistent decisions is referred to as a corporate _____________.
Policy
What is illumination?
spontaneous breakthrough occurs (a light bulb turns on) resulting in an innovative idea.
what is the first line on the income statement
sales
what is PESTL Analysis
nSocial
nLegal
nEconomical
nPolitical
nTechnological
What you get when you subtract expenses from revenues.
Porfit or net income
When one person owns or runs a business it is called a: ____________ __________________
Sole Proprietorship
What are the risks of corporate entrepreneurship?
bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
What is cash flow
}Cash flow is not the same as profit. Cash flow results from the difference between the actual cash receipts and cash payments.
}Cash flows only when actual payments are received or made.
}Sales may or may not result in immediate cash.
What are Porters Five Forces
nRivalry from existing competitors
nThreat of new entrants
nTechnical threat of substitutes
nBargaining power of buyers
nBargaining power of suppliers
The name of the financial statement that shows what a company owns and what a company owes.
Balance Sheet
This form of business structure has shareholders and a Board of Directors.
Corporation
What is the use of intrapreneurship
develop new businesses, products, services or processes inside of an existing organization to create value and generate new revenue growth through entrepreneurial thought and action.
rent, salaries, interest, depreciation, and insurance.
Product, Price, Place, Promotion, People, Process, and Physical evidence.
The value of the business after liabilities are subtracted from assets is referred to as: _________ ____________
Owners Equity
To develop each student's intellectual, aesthetic, social and physical capabilities in a nurturing environment that appreciates individual differences..." This is an example of a: __________ _________________.
Mission Statement
List the 7 elements in the creative process
Preparation
Investigation
Transformation
Incubation
Illumination
Verification
Implementation
What are 5 components of the Financial Plan
Table #1 - Capital Equipment Listing
Table #2 - Start-up Costs
Table #3 - Sources of Fund
Table #4 - Sales budget
Table #5 - Collections Schedule
Table #6 – Projected Cash flow
Table #7 - Projected Income Statement
Table #8 – Balance Sheet
Table # 9 – Breakeven Projection
Table #10 - Three Year Projection
What are 5 reasons for writting a business plan
1.Sell yourself on the business
2.Obtain loan financing & investment funds
3.Attracting partners
4.Arrange strategic alliances/suppliers
5.Obtain large contracts/customers
6.Attract key employees/ Management
7.Complete merger and acquisitions
8.Motivate and focus employees
This accounting category records all purchases and sales made with credit and is referred to as a:
__________ of ________________
Record of Accounts
Name the organization structure that is organized around specific groups, geographies, or projects, as opposed to functional areas.
Matrix