BUS 102 - All topics Questions And Answers Graded A+
Study online at https://quizlet.com/_h66s0c
1. Learning Out- 1 - Compare and contrast definitions of an entrepreneur
comes for Week 2 - Evaluate your own and others' entrepreneurial attributes and make recommen-
2 - Becoming an dations for development or change
Entrepreneur 3 - Examining a business scenario, assess the risks and approaches to starting a
business.
2. The 6 Entrepre- 1. Great Person school: The entrepreneur is 'born' with intuitive abilities that others
neurial Schools don't have
2. Psychological Characteristics School: Entrepreneurs have certain beliefs, atti-
tudes and values: all their behaviour comes as a side effect of this
3. Classical school: The central behaviour is innovation - people like doing rather
than owning
4. Management school: Entrepreneurs are organisers of an economic venture and
do it to make money. They can be made from technical functions of management
5. Leadership school: Entrepreneurs are leaders, and they adapt their style to the
needs of others. They cannot be alone, but they instead need a team to support
them
6. Intrapreneurship school: Organisations have specific units within organisation
that are centred around organisations to help build entrepreneurial culture and
simply innovate so that business can grow and adapt.
3. Entrepreneurial Commitment and determination
Themes Leadership
Opportunity obsession
Tolerance of risk, ambiguity and uncertainty
Creativity, self-reliance and adapt
4.
, BUS 102 - All topics Questions And Answers Graded A+
Study online at https://quizlet.com/_h66s0c
Prerequisites for Opportunity
Entrepreneur- Resources
ship Environment
Entrepreneur Them-self
Organisation
(Acronym: OREEO)
5. Learning Out- 1: Identify Business Opportunities
comes for Week 2: Describe how to explore a business opportunity from a customer perspective
3 - Developing a 3: Identify potential target market(s) and apply to a business opportunity
Startup Business 4: Analyse business and competitors' solutions
Model
6. Business model A plan for the successful operation of a business, identifying sources of revenue,
definition: the intended customer base, products, and details of financing.
7. A good business Yields value propositions that are compelling to customers, achieves advantageous
model is one that: cost and risk structures, and enables significant value capture by the business that
generates and delivers products and services
8. The Business All about value creation and capture. Understand and memorise each of the
Model Canvas building blocks
9. 1: Segment the market
2: Create a value proposition for each segment
Study online at https://quizlet.com/_h66s0c
1. Learning Out- 1 - Compare and contrast definitions of an entrepreneur
comes for Week 2 - Evaluate your own and others' entrepreneurial attributes and make recommen-
2 - Becoming an dations for development or change
Entrepreneur 3 - Examining a business scenario, assess the risks and approaches to starting a
business.
2. The 6 Entrepre- 1. Great Person school: The entrepreneur is 'born' with intuitive abilities that others
neurial Schools don't have
2. Psychological Characteristics School: Entrepreneurs have certain beliefs, atti-
tudes and values: all their behaviour comes as a side effect of this
3. Classical school: The central behaviour is innovation - people like doing rather
than owning
4. Management school: Entrepreneurs are organisers of an economic venture and
do it to make money. They can be made from technical functions of management
5. Leadership school: Entrepreneurs are leaders, and they adapt their style to the
needs of others. They cannot be alone, but they instead need a team to support
them
6. Intrapreneurship school: Organisations have specific units within organisation
that are centred around organisations to help build entrepreneurial culture and
simply innovate so that business can grow and adapt.
3. Entrepreneurial Commitment and determination
Themes Leadership
Opportunity obsession
Tolerance of risk, ambiguity and uncertainty
Creativity, self-reliance and adapt
4.
, BUS 102 - All topics Questions And Answers Graded A+
Study online at https://quizlet.com/_h66s0c
Prerequisites for Opportunity
Entrepreneur- Resources
ship Environment
Entrepreneur Them-self
Organisation
(Acronym: OREEO)
5. Learning Out- 1: Identify Business Opportunities
comes for Week 2: Describe how to explore a business opportunity from a customer perspective
3 - Developing a 3: Identify potential target market(s) and apply to a business opportunity
Startup Business 4: Analyse business and competitors' solutions
Model
6. Business model A plan for the successful operation of a business, identifying sources of revenue,
definition: the intended customer base, products, and details of financing.
7. A good business Yields value propositions that are compelling to customers, achieves advantageous
model is one that: cost and risk structures, and enables significant value capture by the business that
generates and delivers products and services
8. The Business All about value creation and capture. Understand and memorise each of the
Model Canvas building blocks
9. 1: Segment the market
2: Create a value proposition for each segment
