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...

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...

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 ...

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...

Which one of the following is NOT an essential quality of an​ opportunity? It is profitable Which one of the following is NOT a social trend that is currently affecting how individuals behave and set up​ priorities? Passage of the Affordable Care Act​ (Obamacare) ​____ in the marketplace are a source of business opportunities. Gaps Elon​ Musk, the founder of the electric car company Tesla and​ co-founder of the solar panel company SolarCity is credited with ha...

Conservative firms ________. - ANSWER-are risk-averse The word "entrepreneur" was originally used to describe people who "_______" between buyers and sellers. - ANSWER-take on the risk An entrepreneur assembles and then integrates all the resources needed to transform an invention into a viable business. What is NOT a resource assembled by an entrepreneur? - ANSWER-Confidence Established firms with an orientation toward acting entrepreneurially practice _______. - ANSWER-Corporate E...

Chapter 3 What is Community Policing? TRUE/FALSE 1. Within the traditional model of police work, effectiveness is determined by the arrest rate and call response rate. ANS: F PTS: 1 REF: 47 2. The term “community policing” has been used (and misused) to such an extent that there is a considerable amount of confusion on the part of both the public and the police as to what it actually means. ANS: T PTS: 1 REF: 54 3. Over the next decade, urban police services may be required to create at...