Management Ch. 5

  1. The pursuit of lucrative opportunities by enterprising individuals.
  2. A business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices.
    small business
  3. A new business having growth and high profitaility as primary objectives.
    entrepreneurial venture
  4. An individual who establishes a new organization without the benefit of corporate sponsorship.
  5. New-venture creators working inside big companies.
  6. An entrepreneurial alliance between a franchisor (an innovator who has created at leastone successful store and wants to grow) and a franchisee (a partner who manages a new store of the same type in a new location).
  7. Charging fees for goods and services.
    transaction fee model
  8. Charging fees to advertise on a site.
    advertising support model
  9. Charging fees to bring buyers and sellers together.
    intermediary model
  10. Charging fees to direct site visitors to other companies sites.
    affiliate model
  11. Charging fees for site visits.
    subscription model
  12. As you head down a road, unexpected opportunities begin to appear.
    side street effect
  13. Protected environments for new, small businesses.
    business incubators
  14. Sale to the public, for the first time, of federally registered and underwritten shares of stock in the company.
    initial public offering (IPO)
  15. NA description of the good or service, an assessment of the opportunity, an asessment of the entrepreneur, specification of activities and resources needed to translate your idea into a viable business, and your source o capital.
    opportunity analysis
  16. A formal planning step that focuses on the entire venture and describes all the elements involved in starting it.
    business plan
  17. Peoples' judgment of a company's acceptance, appropriateness, and desirability, generally stemming from company goals and methods that are consistent with societal values.
  18. A competitive advantage from relationships with other people and the image other people have of you.
    social capital
  19. A project team designated to produce a new, innovative product.
  20. Informal work on projects, other than those officially assigned, of employees' own choosing and initiative.
  21. The tendency of an organization to identify and capitalize successfully on opportunities to lunch new ventures by entering new or established markets with new or existing goods or services.
    entrepreneurial orientation
Card Set
Management Ch. 5
management Ch. 5