Startups & New Ventures - 6
The process of initiating a business venture, organizing the necessary resources, assuming the associated risks, and enjoying reward
Entrepreneurship
The long-term ideas a company uses to guide their decisions.
What are standing plans?
The type of strategy that treats the world as a single global market.
What is globalization strategy?
What is a decision.?
Sales and production are this department’s primary business tasks
What is line departments?
Tthe three legal structures for a business
What is S sole proprietorship, Partnership, and Corporation
A way to analyze the market and take current trends to plan for the future.
What is building scenario?
Business growth and Market Share
What are the BCG dimensions?
How a decision maker should make a decision.
What is ”normative”?
Hierarchy, inside a business
What is Chain of Command?
An entrepreneurial leader who is committed to both good business and changing the world for the better
What is a social entrepreneur?
Activities that managers undertake to try and prevent crises from occurring and to detect warning signs of potential crises.
What are Strengths, Weaknesses, Opportunities, and Threats?
Classical, Administrative and Political.
What are the three decision-making models?
Line departments are supported by this department.
What is a staff departments?
Ways an entrepreneurs can be classified
What are Idealist, Optimizer, Hard workers , Jugglers or Sustainers?
Target customers, exploit core competencies, value synergy, and d eliver Value
What are the four elements that companies use to develop strategies?
Choosing the first solution that satisfies minimal decision criteria.
What is “Satisficing”?
Iinfluenced by chance in uncertainty, strategic fit, and crisis’.
What is centralization and decentralization?
The two common sources of business ideas
What are understanding an industry and identifying a market niche?
What are
1.Potential new entrants 2. Bargaining power of buyers 3. Bargaining power of suppliers 4. Threat of substitute products 5. Rivalry among competitors
The 4 different personal decision making styles
What are Directive, Analytical, Conceptual, and Behavioral?
The radical redesign of business processes to achieve dramatic improvements on cost, quality, service, and speed.
What is reengineering?