Hofstede Dimension
Which dimension puts emphasis as working with a team?
Collectivism
What is the first step of Entrepreneurial Process?
Identifying the Opportunity/Identifying a Problem
What is the first thing needed on a business plan?
Cover Page
High energy people who enjoy handling every detail of the business
Jugglers
People that are motivated by success
Need to achieve
What does it mean to have a SHORT-TERM orientation?
Focus on the present and place high value on tradition
Name 2 ways to kill an entrepreneurial business or small business.
mediocrity, poor management, sloppy accounting, overestimating what you can do, fail to share ownership or take in the business, fail to be a team player, Fear of firing people,
This part of the business plan shares how you plan to get your company and its products or services out to the public.
Marketing Plan
Sustainers
The ability to stay positive after long periods of sacrifice or struggle.
Entrepreneurial Sacrifice
What does it mean to have a LOW power distance?
People want equality in power
What are the 3 types of Entrepreneurial education we talked about? (DOUBLE points to give an example of each of them.)
Direct teaching-learning methods (ex. mentoring sessions, seminars, or watching and recording videos)
Interactive teaching-learning methods (ex. process-oriented learning, learning from mistakes, or interviewing entrepreneurs)
Practical Operational teaching-learning methods (ex. role playing, training workshops, site visiting, or internships)
This part of the business plan gives people value and makes them want to spend their money.
Product/Service Plan
Get personal satisfaction from being a business owner
Optimizer
Entrepreneurs that are determined even after struggling to continue to push forward.
Persistent
Which part of the dimension is the degree at which members of society are ready to indulge in pleasure and gratification?
Indulgences
Who said this quote? "Entrepreneurship is about creating change, not just about creating companies."
Mark Zuckerberg
This part of the business plan explains how your business is structured. (Hierarchy wise)
Management Team Section
Thrive on challenges on building larger businesses
Hard Workers
Entrepreneurs that can see opportunities where others may not.
Visionary
Name 2 Countries that are more Masculinity.
Japan, Germany, Mexico, United States, Australia
What is a revenue model?
Framework of outlining how a company will generate income.
This part of the business plan takes the value that you created from the company.
Exit Strategy
Rewarded by chance to work on something new
Idealists
What characteristic is needed to be an entrepreneur?
Locus of Control