A Primer in Entrepreneurship
uzh course
uzh course
Set of flashcards Details
| Flashcards | 303 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 19.10.2019 / 06.12.2023 |
| Licencing | Not defined |
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who is an Entrepreneur?
people who take on the risk between buyers and seller or people who undertake a task such as starting a new venture
What is an entrepreneurship?
Processby which individuals pursue opportunities without regard to ressources they currently control
Who is an inventor?
An inventor creates something new
Entrepreneur vs Inventor
An entrepreneur assembles and then integrates all resources needed to transform the invention into a valuable business
What is a corporate entrepreneurship?
Practiced by established firms with an orientation to behave entrepreneurially
What is an entrepreneurial intensity?
Describes the position of a firm on a continuum from highly conservative to highly entrepreneurial
What is an entrepreneurial spawning?
Process by which large firms create new independent startups
List four primary characteristics of a succesful entrepreneur
1. Passion for the business
2. Product/Customer focus
3. Tenacity despite failure
4. Execution intelligence
