Oops Moments
his happens when an entrepreneur ignores market research before launching a product.
Business failure / Poor planning
This entrepreneur is known as the “Father of Innovation Theory.”
Joseph Schumpeter
Starting a business just because it is trending without studying demand shows lack of _____.
Market research
An employee who innovates inside a company is called this
Intrapreneur
An entrepreneur always takes risks. True or False?
FALSE
Investing all money into one idea without backup is called poor ____ management.
Risk management
Moving from one city to another for business is known as this type of mobility.
Geographical mobility
Assuming women entrepreneurs face no barriers ignores social and _____ challenges.
Cultural
Women-owned and managed enterprises are known as this.
Women enterprises
A person managing a family business but not owning it is automatically an entrepreneur. True or False?
FALSE
When a family business has no succession plan, it may face this major issue.
Leadership conflict
Family background and traditions fall under this factor influencing entrepreneurship
Socio-cultural factors
Confusing intrapreneur with entrepreneur means not understanding this difference: ownership vs _____.
Employment
Moving business from India to another country shows this mobility.
Geographical mobility
If a government provides subsidies but society discourages business risk, which factor becomes the stronger barrier?
Socio-cultural factor
Ignoring technological changes can lead to this competitive disadvantage.
Loss of market share
Limited access to finance is a common challenge faced by this group of entrepreneurs.
Women entrepreneurs
Believing only rich people can become entrepreneurs ignores this key factor
Innovation / Skills
Technology creates new _____ opportunities.
Business / Entrepreneurial
An employee creates a new product idea but leaves the company to start their own firm. At that point, they shift from ________ to ________.
Intrapreneur to Entrepreneur
Expanding too quickly without resources often leads to this problem.
Overexpansion
Entrepreneurship inside an existing organization is called this.
Intrapreneurship
Thinking entrepreneurs never face risk is a common _____.
Misconception
Entrepreneurship today is mainly driven by innovation and _____.
Technology
An entrepreneur moves to another country, changes industry, and adopts new technology. This situation involves how many influencing dimensions?
Three (Geographical mobility, Occupational mobility, Technological factor)