Entrepreneurial alertness Study guides, Class notes & Summaries

Entrepreneurship (academic) Process by which individuals pursue opportunities without regard to resources currently controlled Venture Capitalist Art of turning an idea into a business What do entrepreneurs do? assemble and integrate resources needed to transform an invention or idea into a viable business Four primary Characteristics of successful entrepreneurship 1. Passion for venture 2. Tenacity despite failure 3. Customer focus 4. Execution intelligence Fo...

ENT Exam 1 Questions & Answers 2024 opportunity - ANSWER-a favorable set of circumstances that creates a need for a new product, service, or business opportunity gap - ANSWER-a problem that an entrepreneur recognizes and creates a business to address or fill "window of opportunity" - ANSWER-a metaphor describing the time period in which a firm can realistically enter a new market idea - ANSWER-a thought, impression, or notion 3 ways to identify opportunities - ANSWER--observin...

BA 105 Chapter 4 Set Exam Questions and Answers All Correct opportunity recognition - Answer-Searching and capturing new ideas that lead to business opportunities. This process often involves creative thinking that leads to discovery of new and useful ideas. entrepreneurial alertness - Answer-A special set of observational and thinking skills that help entrepreneurs identify good opportunities; the ability to notice things that have been overlooked, without actually launching a formal searc...

Elasticity - ANSWER-_____ refers to the identification of new products or services that may lead to promising businesses. a. entrepreneurial alertness - ANSWER-Economist Israel Kirzner proposed that entrepreneurs have a unique capability, which he called _____, to recognize existing opportunities for businesses. a. entrepreneurial alertness. - ANSWER-Isabella listens whenever someone says "Someone ought to make a ...." She expects one of these ideas to develop into a profitable busines...

Business Model CORRECT ANSWER is its plan or recipe on how it creates, delivers and capturers value for its stakeholders Business Plan CORRECT ANSWER is a written document that describes all the aspects of a business venture in a concise manner Entrepreneurship CORRECT ANSWER The process by which individuals pursue opportunities without regard to resources they currently control for the purpose of exploiting future goods and services Innovated CORRECT ANSWER - the process of creating so...

BA 105 Chapter 4 Set Exam Questions and Answers All Correct opportunity recognition - Answer-Searching and capturing new ideas that lead to business opportunities. This process often involves creative thinking that leads to discovery of new and useful ideas. entrepreneurial alertness - Answer-A special set of observational and thinking skills that help entrepreneurs identify good opportunities; the ability to notice things that have been overlooked, without actually launching a formal searc...

Instructor Resource Neck, Entrepreneurship, 1e SAGE Publishing, 2018 Answers to Questions in the Text Chapter 1: Entrepreneurship: A Global Social Movement ENTREPRENEURSHIP IN ACTION Niari Kevarian, CEO & Partner, Zooz Greek Iced Teas 1. In what ways do you see Niari Kevarian as being totally dedicated to the success of ZOOS? What does dedication mean for the entrepreneur? Sample Answer: Niari Kevarian has demonstrated total dedication to the success of her business by seekin...

Auburn ENFB 3140 Exam 1 Study Guide 100% Correct Entrepreneurship A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them. Startup A temporary organization in search of a scalable business model. Effectuation An entrepreneurial approach to taking quick action using resources you have available to get early traction on new ideas. The idea that entrepreneurs focus on creating their future rather than predicting it. T/F ...

Instructor Resource Neck, Entrepreneurship, 1e SAGE Publishing, 2018 Answers to Questions in the Text Chapter 1: Entrepreneurship: A Global Social Movement ENTREPRENEURSHIP IN ACTION Niari Kevarian, CEO & Partner, Zooz Greek Iced Teas 1. In what ways do you see Niari Kevarian as being totally dedicated to the success of ZOOS? What does dedication mean for the entrepreneur? Sample Answer: Niari Kevarian has demonstrated total dedication to the success of her business by seekin...

Instructor Resource Neck, Entrepreneurship, 1e SAGE Publishing, 2018 Answers to Questions in the Text Chapter 1: Entrepreneurship: A Global Social Movement ENTREPRENEURSHIP IN ACTION Niari Kevarian, CEO & Partner, Zooz Greek Iced Teas 1. In what ways do you see Niari Kevarian as being totally dedicated to the success of ZOOS? What does dedication mean for the entrepreneur? Sample Answer: Niari Kevarian has demonstrated total dedication to the success of her business by seekin...