Historical Perspectives on Entrepreneurship Quiz

pioneered

contributed

encompass

<p>highlight</p> Signup and view all the answers

<p>include</p> Signup and view all the answers

<p>challenging</p> Signup and view all the answers

<p>include</p> Signup and view all the answers

<p>refer to</p> Signup and view all the answers

<p>discussion of</p> Signup and view all the answers

<p>showcases</p> Signup and view all the answers

<p>display</p> Signup and view all the answers

<p>include</p> Signup and view all the answers

<p>Historical significance of business models</p> Signup and view all the answers

<p>Value proposition</p> Signup and view all the answers

<p>Value chain and strategic resources</p> Signup and view all the answers

<p>Types of intellectual property protection</p> Signup and view all the answers

<p>Trade secrets vs. patents</p> Signup and view all the answers

<p>Feasibility study</p> Signup and view all the answers

<p>Business plan</p> Signup and view all the answers

<p>Why write a business plan</p> Signup and view all the answers

<p>Executive summary</p> Signup and view all the answers

<p>Lean startups</p> Signup and view all the answers

<p>Seed stage financing</p> Signup and view all the answers

<p>What bankers expect</p> Signup and view all the answers

<p>William Gartner = Definition of entrepreneurship by scholars such as William Gartner Bateman and Snell = Definition of entrepreneurship by scholars such as Bateman and Snell Hisrich and Peters = Definition of entrepreneurship by scholars such as Hisrich and Peters Scott Shane = Definition of entrepreneurship by scholars such as Scott Shane</p> Signup and view all the answers

<p>Home-based businesses = Child care services, medical transcription, legal transcription, photography, debt collection agency, repossession services, virtual assistant, bakery, tutoring, consulting, business coaching, senior care services Unicorns = Definition and examples of startup companies valued over $1 billion Small businesses and growth = Cultural diversity of entrepreneurship: senior entrepreneurs, minority entrepreneurs, women entrepreneurs, young entrepreneurs, immigrant entrepreneurs, emigrant entrepreneurs Characteristics of successful entrepreneurs = Tenacity despite failure, artisan and opportunistic entrepreneurs</p> Signup and view all the answers

<p>TEA Index = Criticism of TEA Index for its one-dimensional measure and lack of consideration for environmental and institutional factors GEI Index = Use of GEI Index to gauge innovation, economic growth, and job creation</p> Signup and view all the answers

<p>Opportunity = Favorable set of circumstances for creating or developing new goods, services, markets, processes, or materials Windows of opportunity = Importance of timing and proactive decision-making Recognizing opportunities = Insights from Scott Shane and Howard Stevenson on opportunity in entrepreneurship Business Model Canvas = Importance of understanding and communicating key elements of a business model</p> Signup and view all the answers

<p>Patents = Protection for inventions Trademarks = Protection for brand names and logos Copyrights = Protection for original works of authorship Trade secrets = Protection for confidential business information</p> Signup and view all the answers

<p>Blue Ocean Strategy = Avoidance of costly competition through innovation Value chain and strategic resources = Importance of optimizing internal processes and delivering unique benefits to customers Lean startups = Methodology for developing businesses and products Seed stage financing = Initial stage of funding for a new venture</p> Signup and view all the answers

<p>Debt financing = Conventional bank loans, asset-based loans Venture capital = Expected returns and role as private equity investors Crowdfunding = Funding source for projects or ventures Seed stage financing = Personal funds, family and friends, bootstrapping</p> Signup and view all the answers

<p>Feasibility study = Assessment of the practicality and potential success of a proposed project or venture Business plan = Comprehensive roadmap for a new venture Why write a business plan = Establishing milestones and attracting investors and employees Executive summary = Concise overview of the entire business plan</p> Signup and view all the answers

<p>Duration of protection for patents, trademarks, copyrights, and trade secrets = Duration and use of specific forms of intellectual property for different types of creations and innovations Types of intellectual property protection = Patents, trademarks, copyrights, trade secrets, domain names Appropriability and complementary assets = Understanding appropriability and complementary assets in leveraging innovations Trade secrets vs. patents = Considerations for choosing between trade secrets and patents</p> Signup and view all the answers

<p>Value proposition = Collection of reasons why a person or company benefits from buying something Strategies for success and growth = Critical component of a business model Information needs = Identification of information required for decision-making and planning Why most ventures need funding = Supporting growth, research and development, and marketing</p> Signup and view all the answers