Fashion Entrepreneurship Test Questions with Verified Answers (Graded A+) Already Passed

Fashion Entrepreneurship Test Questions with Verified Answers (Graded A+) Already Passed entre started as - Answers economic scenario: free trade and capitalist entrepreneur word is derived from - Answers french meaning to undertake entrepreneurship movement started in - Answers 1950s entrepreneurship defined - Answers dynamic process of creating incremental wealth risks assumed by entrepreneurs - Answers equity, time, career, etc. the product doesn't need to be unique the entrepreneur just needs to - Answers infused value for the product be securing and allocating neccesary skills and resources entrepreneurs must have passion for - Answers creation and implementation of new ideas, creative solutions ignore - essential "ingredients" to an entrepreneur - Answers willingness to take risk ability to formulate effective venture team skills to build solid biz plan vision to recognize opp how many new businesses every year - Answers 400 k 1 in every 150 adults participates in - Answers founding a venture or firm each year trends in entrepreneurship and education - Answers entrepreneurial education has become a hot topic in the world of busieness and engineering schools throughout the world myths about entrepreneurs; 1-5 - Answers doers, not thinkers born, not made always inventors academic/social misfits must fit the profile myths about entrepreneurs; 6-10 - Answers all they need is money all they need is luck it is unstructured and chaotic most ventures fail extreme risk takers entrepreneurial characteristics (know 5) - Answers determination perseverance drive initiative responsibility calculated risk taking creativity/innovativeness independence 3 major sources of info that supply data related to entre mindset - Answers research and publications direct observation speeches, seminars and presentations 4 areas of risk faced by entrepreneurs - Answers financial risk career risk family/social risk psychological risk factors that are evident in large corporations which have exhibited successful innovations - Answers strategic renewal innovation corporate venturing strategic renewal focuses on - Answers people, fun, flat hierarchial structure innovation in companies focuses on - Answers encouraging action rewarding innovation corporate venturing focuses on - Answers hiring the right attitudes, new employee orientations, the golden rule corporate entrepreneurship strategy defined - Answers vision direct, organization wide reliance on entrepreneurial behavior that rejuvenates the organization and shapes its operations through entrepreeurial activity corporate venturing can be - Answers internal, cooperative, and external 5 steps to fulfilling corporate entrepreneurship strat - Answers develop vision encourage innovation structure for entrepreneurial climate developing individual managers develop venture teams