Entrepreneurship
Innovation, running a business, and risk-taking.
What are the three main characteristics of entrepreneurial activity.
The application of ethical behavior to business-related activities.
What is business ethics?
Economic, social, and environmental.
What are the three pillars of sustainability.
Someone who identifies a business opportunity and assumes the risk of creating and running a business.
What is an entrepreneur?
The unethical actions Volkswagen took to sell "clean diesel" cars.
What is installing devices to cheat emissions tests?
The most common reason people start a business.
What is to be their own boss?
The amount Wells Fargo had to pay in fines after its fake accounts scandal.
What is $3 billion?
The main difference between a sustainable and traditional business model canvas.
What is the inclusion of eco-social costs and benefits?
The most common fears that prevent people from becoming entrepreneurs.
What are money, security, competition, and lack of ideas?
The term for situations where you must choose between promoting personal interests or the interests of others.
What is a conflict of interest?
The percentage of small businesses in the service sector.
What is 80%?
The type of ethical error where a clear unethical or illegal choice is made.
What is an ethical lapse?
The best time for business owners to focus on sustainability.
What is at the beginning?
Marcia Kilgore
Who is an example of a famous serial entrepreneur.
The name of the blood-testing startup involved in fraudulent claims.
What is Theranos?
A person who starts multiple businesses, often selling them to start new ones.
What is a serial entrepreneur?
The three components of the "triple bottom line."
What are profit, people, and planet?
The first goal of an elevator pitch.
What is to grab the audience’s attention?
The percentage of small businesses that fail within the first five years.
What is 50%?
A question you should ask yourself to avoid an ethical lapse.
What is "Would I feel bad if others found out what I did?"
The most important document for starting a business.
What is a business plan?
A company's responsibility to the community, employees, and environment.
What is corporate social responsibility?
The external elements of a SWOT Analysis.
What are Opportunities and Threats?
Outlines goals and explain how they will be achieved.
What is a business plan?
The type of corporate actions that demonstrate concern for stakeholders.
What is corporate social responsibility?