Characteristics
An entrepreneur is someone who identifies _______________, starts and grows a business, and assumes the ______________ and rewards of the venture.
an opportunity and risk
A Business Plan might also be called a
road map or pitch deck
Which type of entrepreneurship is mostly focused on making the world a better place?
social
A small business is generally defined as a company with fewer than:
500 employees
When it comes to income, what is the difference between an intrapreneur and entrepreneuer?
Intra = regular paychecks
Entre = uncertain income
When a business innovation dramatically changes the normal order of things, it is said to be:
disruptive
This stage of the entrepreneurial process is where you determine if your idea fills a void or gap in the marketplace, whether it meets a want or need:
discovery
A plumber, electrician, hairdresser, and landscaper are examples of:
small business entrepreneurship
Entrepreneurship is a process, involving identifying opportunities, solving problems, creating a business plan, assuming risk, managing scarce _____________, and running/operating a business with a focus on ____________ and growth.
resources, innovation
An intrapreneur doesn’t take on the same level of __________ as an entrepreneur.
risk
Entrepreneurs try to create value, while managing ___________ resources in a changing, uncertain business environment.
scarce
The 4th stage in the entrepreneurial process is
run the business
Which type of entrepreneurship would recruit and hire many intrapreneurs?
large company
The primary differences between small business and entrepreneurship are in the areas of growth, __________, vision, and ___________.
innovation, risk taking
What technology was developed by an intrapreneur of Kodak, but was overlooked as an opportunity?
digital camera
Entrepreneurism is a fluid and dynamic process, one where you need to:
anticipate and adapt
What three things need to be analyzed during the Discovery stage of the entrepreneurial process to determine if an idea can become an opportunity?
market, margin, mission
This type of entrepreneurship observes other successful innovations, and then works to improve those products and services and/or make them more profitable.
imitator
The introduction of something new – a new idea, product, method, device, or service, is called:
innovation
What innovation was created by an intrapreneur at 3M, involving a breakthrough form of adhesive?
post it notes
Entrepreneurial ______________ is the combination of Profession, Passion, Mission, and Vocation.
purpose
This stage of the entrepreneurial process is where you evaluate if the company is a success or a failure:
harvesting
Which type of entrepreneurship is more focused on growing fast?
scalable start up
The difference between small business and entrepreneurship has nearly nothing to do with size, and nearly everything to do with:
Characteristics
An intrapreneur is someone who exhibits the same _________ and/or _________ of an entrepreneur, while working as an employee in a company.
traits, skills