ENTP 3301 Exam 1 Study Set
FG FG FG FG FG
EntrepreneurialFGDecisionFGMakingFGvs.FGCorporateFGDecisionFGMakingFG-
FGcorrectFGanswer✔ ✔ Entrepreneruial:FGIntuitiveFGandFGInformal
Corporate:FGScientificFGandFGCalculative
EntrepreneurshipFG-FGcorrectFGanswer✔ ✔
TheFGprocessFGbyFGwhichFGindividualsFGpursueFGopportuntiesFGwithoutFGre
gardFGtoFGtheFGresourcesFGtheyFGcurrentlyFGcontrol
CharecteristicsFGofFGEntrepreneursFG-FGcorrectFGanswer✔ ✔
Diligent/Brave/Resilient/Adaptable/Passionate
SkillsFGofFGEntrepreneursFG-FGcorrectFGanswer✔ ✔
Honesty,FGAssessingFGCompetition,FGComprehendingFGCompany'sFGwea
kness,FGCommunicatingFGClearly/Succintly
InventorsFGvs.FGEntrepreneursFG-FGcorrectFGanswer✔ ✔
InventorFGCreatesFGsomethingFGnew,FGwhileFGEntrepreneursFGgatherFGtheF
GresourcesFG(money,FGpeople,FGstrategy)FGtoFGturnFGinventionFGintoFGbusines
s
, BenefitsFGofFGExperimentationFG-FGcorrectFGanswer✔ ✔
InFGaFGfieldFGwhereFGright/wrongFGisn'tFGclear,FGexperimentationFGletsFGyo
uFGfindFGwhatFGworks
StartupFGFailureFGRateFG-FGcorrectFGanswer✔ ✔ OverFG90%
DomainFGKnowledgeFG-FGcorrectFGanswer✔ ✔
necessaryFGbecauseFGitFGallowsFGentrepreneursFGtoFGfindFGaFGproduct/mark
etFGforFGtheirFGinnovation
lifestyleFGbusinessFG-FGcorrectFGanswer✔ ✔
passionFGcenteredFGbusinessFGthatFGallowsFGentrepreneurFGtoFGworkFGflexi
bly
economicFGimpactFGofFGstartupsFG-FGcorrectFGanswer✔ ✔ -
responsibleFGforFG2/3FGofFGallFGUSFGinnovations
-moreFGeffective,FGagile,FGfocusedFGthanFGlargeFGcompanies
-drivesFGjobFGcreation
"JumpingFGtheFGcurve"FG-FGcorrectFGanswer✔ ✔
focusFGonFGwhatFGbusinessFGmeansFGratherFGthanFGwhatFGtheFGbusinessFGdo
es-FGthisFGway,FGyouFGcanFGchangeFGtoFGadaptFGtoFGfutureFGnecessities
FG FG FG FG FG
EntrepreneurialFGDecisionFGMakingFGvs.FGCorporateFGDecisionFGMakingFG-
FGcorrectFGanswer✔ ✔ Entrepreneruial:FGIntuitiveFGandFGInformal
Corporate:FGScientificFGandFGCalculative
EntrepreneurshipFG-FGcorrectFGanswer✔ ✔
TheFGprocessFGbyFGwhichFGindividualsFGpursueFGopportuntiesFGwithoutFGre
gardFGtoFGtheFGresourcesFGtheyFGcurrentlyFGcontrol
CharecteristicsFGofFGEntrepreneursFG-FGcorrectFGanswer✔ ✔
Diligent/Brave/Resilient/Adaptable/Passionate
SkillsFGofFGEntrepreneursFG-FGcorrectFGanswer✔ ✔
Honesty,FGAssessingFGCompetition,FGComprehendingFGCompany'sFGwea
kness,FGCommunicatingFGClearly/Succintly
InventorsFGvs.FGEntrepreneursFG-FGcorrectFGanswer✔ ✔
InventorFGCreatesFGsomethingFGnew,FGwhileFGEntrepreneursFGgatherFGtheF
GresourcesFG(money,FGpeople,FGstrategy)FGtoFGturnFGinventionFGintoFGbusines
s
, BenefitsFGofFGExperimentationFG-FGcorrectFGanswer✔ ✔
InFGaFGfieldFGwhereFGright/wrongFGisn'tFGclear,FGexperimentationFGletsFGyo
uFGfindFGwhatFGworks
StartupFGFailureFGRateFG-FGcorrectFGanswer✔ ✔ OverFG90%
DomainFGKnowledgeFG-FGcorrectFGanswer✔ ✔
necessaryFGbecauseFGitFGallowsFGentrepreneursFGtoFGfindFGaFGproduct/mark
etFGforFGtheirFGinnovation
lifestyleFGbusinessFG-FGcorrectFGanswer✔ ✔
passionFGcenteredFGbusinessFGthatFGallowsFGentrepreneurFGtoFGworkFGflexi
bly
economicFGimpactFGofFGstartupsFG-FGcorrectFGanswer✔ ✔ -
responsibleFGforFG2/3FGofFGallFGUSFGinnovations
-moreFGeffective,FGagile,FGfocusedFGthanFGlargeFGcompanies
-drivesFGjobFGcreation
"JumpingFGtheFGcurve"FG-FGcorrectFGanswer✔ ✔
focusFGonFGwhatFGbusinessFGmeansFGratherFGthanFGwhatFGtheFGbusinessFGdo
es-FGthisFGway,FGyouFGcanFGchangeFGtoFGadaptFGtoFGfutureFGnecessities