Ch. 6 BA 3305 – Flashcards
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advertising support model
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Charging fees to advertise on a site.
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affiliate model
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Charging fees to direct site visitors to other companies' sites.
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bootlegging
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Informal work on projects, other than those officially assigned, of employees' own choosing and initiative.
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business incubators
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Protected environments for new small businesses.
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business plan
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A formal planning step that focuses on the entire venture and describes all the elements involved in starting it.
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entrepreneur
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An individual who establishes a new organization without the benefit of corporate sponsorship.
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entrepreneurial orientation
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The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services.
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entrepreneurial venture
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A new business having growth and high profitability as primary objectives.
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entrepreneurship
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The process by which enterprising individuals initiate, manage, and assume the risks and rewards associated with a business venture.
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franchising
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An entrepreneurial alliance between a franchisor (an innovator who has created at least one successful store and wants to grow) and a franchisee (a partner who manages a new store of the same type in a new location).
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initial public offering (IPO)
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Sale to the public, for the first time, of federally registered and underwritten shares of stock in the company.
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intermediary model
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Charging fees to bring buyers and sellers together.
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intrapreneurs
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New venture creators working inside big companies.
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legitimacy
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People's judgment of a company's acceptance, appropriateness, and desirability, generally stemming from company goals and methods that are consistent with societal values.
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opportunity analysis
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A description of the good or service, an assessment of the opportunity, an assessment of the entrepreneur, and specification of activities and resources needed to translate your idea into a viable business and your source(s) of capital.
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side street effect
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As you head down a road, unexpected opportunities begin to appear.
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skunkworks
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A project team designated to produce a new, innovative product.
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small business
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A business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices.
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social capital
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A competitive advantage in the form of relationships with other people and the image other people have of you.
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subscription model
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Charging fees for site visits.
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transaction fee model
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Charging fees for goods and services.
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Which of the following is the difference between inventors and entrepreneurs?
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Entrepreneurs have good knowledge and skills in management, business, and networking, whereas inventors lack such skills.
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The difference between the transaction fee and intermediary models of e-commerce is that the transaction fee model charges a fee:
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for goods and services while the intermediary model charges a fee to bring buyers and sellers together.
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Which of the following qualities makes it most likely for an entrepreneur to succeed?
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Opportunity obsession
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The sale to the public, for the first time, of federally registered and underwritten shares of stock in the company is called a(n):
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initial public offering.
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In the context of key planning elements, which of the following is true of what venture capital firms consider important for an entrepreneurial venture?
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They believe that what counts is a person's ability to execute an idea.
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A competitive advantage in the form of relationships with other people and the image other people have of an entrepreneur is known as:
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social capital.
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In the _____ approach to corporate innovation, risk takers are not punished for taking risks and failing—their former jobs are held for them.
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skunkwork
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The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing good or services is known as:
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entrepreneurial orientation.
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The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing good or services is known as:
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entrepreneurial orientation.
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The tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing good or services is known as:
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entrepreneurial orientation.
