Podcast
Questions and Answers
What distinguishes social entrepreneurs from regular entrepreneurs?
What distinguishes social entrepreneurs from regular entrepreneurs?
- They operate exclusively as non-profit organizations.
- They engage in activities with a social objective. (correct)
- They do not seek any financial gain.
- They only focus on making a profit.
What is assertiveness in the context of entrepreneurship?
What is assertiveness in the context of entrepreneurship?
- The skill of convincing others to follow your ideas blindly
- Clearly expressing one's opinions while respecting others' feelings (correct)
- The capacity to avoid conflicts by not expressing your thoughts
- The ability to create innovative solutions without considering others' feelings
Which of the following best describes the role of social investors?
Which of the following best describes the role of social investors?
- They invest in emerging companies with social objectives. (correct)
- They provide donations to non-profit organizations only.
- They solely invest in established corporations.
- They focus on gaining maximum profits without societal contributions.
What does adaptability to change imply for an entrepreneur?
What does adaptability to change imply for an entrepreneur?
How is an intra-entrepreneur defined?
How is an intra-entrepreneur defined?
What characteristic distinguishes entrepreneurs in their approach to problems?
What characteristic distinguishes entrepreneurs in their approach to problems?
What was a key factor in Angi Cabal and her partner's entrepreneurial journey?
What was a key factor in Angi Cabal and her partner's entrepreneurial journey?
Which statement best reflects the nature of risk-taking for entrepreneurs?
Which statement best reflects the nature of risk-taking for entrepreneurs?
Which example illustrates a project that aims to help the environment?
Which example illustrates a project that aims to help the environment?
What does the term 'autoconfianza' (self-confidence) signify for entrepreneurs?
What does the term 'autoconfianza' (self-confidence) signify for entrepreneurs?
What is a likely outcome if a social investor does not stay engaged with a project?
What is a likely outcome if a social investor does not stay engaged with a project?
How is initiative defined for entrepreneurs?
How is initiative defined for entrepreneurs?
What product was developed as a result of intra-entrepreneurship at Google?
What product was developed as a result of intra-entrepreneurship at Google?
In what way does leadership impact an entrepreneur's effectiveness?
In what way does leadership impact an entrepreneur's effectiveness?
How do social entrepreneurs differ from non-profit organizations?
How do social entrepreneurs differ from non-profit organizations?
What role does negotiation skill play in entrepreneurship?
What role does negotiation skill play in entrepreneurship?
Who saw the opportunity to create personal computers accessible to families?
Who saw the opportunity to create personal computers accessible to families?
What was the role of John Scully in Apple Computers after its creation?
What was the role of John Scully in Apple Computers after its creation?
How can an entrepreneur also be a businessman?
How can an entrepreneur also be a businessman?
According to Knight's assessment in the 20th century, what is a necessary component of being an entrepreneur?
According to Knight's assessment in the 20th century, what is a necessary component of being an entrepreneur?
Before the separation of ownership and management, what was primarily expected from an entrepreneur?
Before the separation of ownership and management, what was primarily expected from an entrepreneur?
What factor complicated the relationship between ownership and management of companies as they grew larger?
What factor complicated the relationship between ownership and management of companies as they grew larger?
Which individual created a clothing store focused on low-cost designs updated frequently?
Which individual created a clothing store focused on low-cost designs updated frequently?
What is the main risk an entrepreneur faces regarding their products?
What is the main risk an entrepreneur faces regarding their products?
What role did the entrepreneur play during the mercantilism period?
What role did the entrepreneur play during the mercantilism period?
How did Schumpeter define the role of an entrepreneur?
How did Schumpeter define the role of an entrepreneur?
What is referred to as 'Destructive Creation' by Schumpeter?
What is referred to as 'Destructive Creation' by Schumpeter?
According to classical economists, what was the primary role of the entrepreneur in the 18th century?
According to classical economists, what was the primary role of the entrepreneur in the 18th century?
What was a major characteristic of entrepreneurs during the 16th and 17th centuries?
What was a major characteristic of entrepreneurs during the 16th and 17th centuries?
What did classical economists believe constituted the entrepreneur's reward?
What did classical economists believe constituted the entrepreneur's reward?
Which of the following best describes the evolution of the entrepreneur's role from the 16th century to the 20th century?
Which of the following best describes the evolution of the entrepreneur's role from the 16th century to the 20th century?
What did Schumpeter identify as a major driving force behind economic improvement?
What did Schumpeter identify as a major driving force behind economic improvement?
What is a significant difference in female entrepreneurship between Spain and the EU?
What is a significant difference in female entrepreneurship between Spain and the EU?
Which of the following best describes 'innovation of marketing'?
Which of the following best describes 'innovation of marketing'?
What does 'incremental innovation' refer to?
What does 'incremental innovation' refer to?
How does 'organizational innovation' typically affect a company?
How does 'organizational innovation' typically affect a company?
What is a key benefit of female entrepreneurship mentioned?
What is a key benefit of female entrepreneurship mentioned?
What strategy did Coca Cola use to market its drinks uniquely?
What strategy did Coca Cola use to market its drinks uniquely?
Which of the following best explains why creativity is essential for entrepreneurship?
Which of the following best explains why creativity is essential for entrepreneurship?
What misconception might people have about the relationship between creativity and innovation?
What misconception might people have about the relationship between creativity and innovation?
What does digitalization primarily involve?
What does digitalization primarily involve?
Which technology is primarily used for secure digital transactions without intermediaries?
Which technology is primarily used for secure digital transactions without intermediaries?
What is a common application of 3D printing?
What is a common application of 3D printing?
How does virtual reality (VR) differ from traditional media?
How does virtual reality (VR) differ from traditional media?
What distinguishes digital data from analog data?
What distinguishes digital data from analog data?
Which of the following is an emerging trend in technology mentioned in the content?
Which of the following is an emerging trend in technology mentioned in the content?
What has replaced physical photos in the context of digitalization?
What has replaced physical photos in the context of digitalization?
What does the term 'additive manufacturing' refer to?
What does the term 'additive manufacturing' refer to?
Flashcards
Entrepreneurship
Entrepreneurship
An attitude and action of initiating a project or action to bring about change in one's environment.
Entrepreneurial Characteristics
Entrepreneurial Characteristics
Key qualities that enable individuals to initiate and execute new projects.
Initiative
Initiative
The ability to make things happen rather than just having ideas.
Creativity
Creativity
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Risk-Taking
Risk-Taking
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Self-Confidence
Self-Confidence
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Persistence
Persistence
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Problem-Solving
Problem-Solving
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Social Entrepreneurs
Social Entrepreneurs
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Investors
Investors
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Accidental Entrepreneurs
Accidental Entrepreneurs
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Intrapreneurs
Intrapreneurs
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Harry Potter book author
Harry Potter book author
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Economanitas
Economanitas
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Example of an investor
Example of an investor
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Example of Accidental Entrepreneur
Example of Accidental Entrepreneur
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Business owner (Entrepreneur)
Business owner (Entrepreneur)
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Entrepreneur (and business owner)
Entrepreneur (and business owner)
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Entreprenuer-risk
Entreprenuer-risk
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Early entrepreneur
Early entrepreneur
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Separation of ownership and management
Separation of ownership and management
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Business Risk
Business Risk
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Business development
Business development
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Mercantilist Entrepreneur
Mercantilist Entrepreneur
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Capitalist Entrepreneur
Capitalist Entrepreneur
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Schumpeterian Entrepreneur
Schumpeterian Entrepreneur
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Profit as Reward (Entrepreneur)
Profit as Reward (Entrepreneur)
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Schumpeter's 'Creative Destruction'
Schumpeter's 'Creative Destruction'
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Entrepreneur's Role (Mercantilist)
Entrepreneur's Role (Mercantilist)
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Entrepreneur's Role (Capitalist)
Entrepreneur's Role (Capitalist)
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Entrepreneur's Role (Schumpeterian)
Entrepreneur's Role (Schumpeterian)
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Female Leadership in Business
Female Leadership in Business
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Female Entrepreneurship in Europe
Female Entrepreneurship in Europe
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Business Innovation
Business Innovation
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Marketing Innovation
Marketing Innovation
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Organizational Innovation
Organizational Innovation
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Incremental Innovation
Incremental Innovation
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Innovation
Innovation
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Digitalization
Digitalization
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Virtual Reality (VR)
Virtual Reality (VR)
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Blockchain
Blockchain
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What is blockchain used for?
What is blockchain used for?
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Additive Manufacturing
Additive Manufacturing
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What does digitalization require?
What does digitalization require?
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How is information stored digitally?
How is information stored digitally?
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What is an example of digitalization?
What is an example of digitalization?
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Study Notes
Unit 1: The Entrepreneur and Innovation
- Entrepreneur: A person who identifies a business opportunity, develops an idea, and takes initiative to gather resources for execution, ready to accept risk for success.
- Entrepreneur Traits: Initiative, creativity, risk-taking, self-confidence, perseverance, resilience, positive attitude, and empathy.
- Entrepreneur Types: Visionary, by necessity, investor, by chance/opportunity, specialist, persuasive, and social.
- Entrepreneur vs. Businessperson: An entrepreneur identifies and develops a business idea, often through founding a company. A businessperson manages and runs an existing company.
- Evolution of Entrepreneurship: The role of the entrepreneur has evolved from a simple merchant or capitalist owner-manager to a more complex role involving innovation, organization, and societal impact.
- Importance of Entrepreneurial Activity: Improves quality of life through problem-solving, innovative goods/services, job creation, and societal contributions.
- Women in Entrepreneurship: Faces challenges like funding and a gender pay gap (less pay for equal work), but often exhibit strengths like balance in family and work life; their challenges are often overlooked.
- Innovation in Business: The introduction of new or improved products, processes, or business models to meet demands and societal issues positively.
- Innovation Types: Product, process, marketing, organizational--and incremental (small improvements) and radical (big changes).
- Porter's Innovation Theory: Innovation is central to maintaining competitive advantage. This involves leveraging advantages in product differentiation, process efficiency, or business models.
- Drucker's Innovation Theory: Innovation is a process rooted in addressing market needs & opportunities, beginning small, & emphasizing that innovation isn't about big ideas but about finding problems to solve.
- Innovation Theories Differences: While Porter prioritizes competitive advantage, Drucker highlights a needs-driven, market-focused, process.
- Digitalization and Emerging Trends: Transformation of information from analog to digital formats used for analysis, storage, and exchange via devices & networks.
- Digitalization Components: Internet of Things, cloud computing, big data & analytics, artificial intelligence, blockchain, 3D printing, and cybersecurity.
- Impact of Digitalization: Increased information access, communication speed, new work methods, economic transformation of business models, (e.g., Uber, Spotify).
- Challenges of Digitalization: Cybercrime, surveillance, mistrust in information, digital divide, changes in necessary skills of workers, and economic inequality.
- I+D+i (Research, Development, and Innovation): Investment by companies or governments in researching and developing new knowledge for applications in products or processes. This is crucial for societal progress and economic growth.
- I+D+i Key Aspects: Conducting basic and applied research, developing new products/processes, and successfully introducing innovations into the market.
Additional Note:
- These notes condense information from multiple pages, combining related concepts. Specific examples are also summarized.
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