Chapter 7

legitimate

If a business's goals and methods are consistent with societal values, it is considered (blank)

Entrepreneur

To be an (blank) is to initiate and build an organization rather than being only a passive part of one.

newness and smallness

Two major liabilities of start-ups are (blank)

access to shared services

Benefits of business incubators typically include (blank)

intermediary model

Bringing buyers and sellers together and charging a commission for each sale is known as the (blank)

intrapreneurial idea

"Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are the steps in building support for an (blank)

Intrapreneurs

(blank) are also referred to as corporate entrepreneurs

Skunkworks

(blank) are project teams designated to produce new, innovative products

Social capital

(blank) is a competitive advantage that exists in your relationships with other people and the image other people have of you

Franchising

(blank) is an entrepreneurial alliance between two organizations

smallness

(blank) is one of the major liabilities of start-ups

Entrepreneurs

(blank) manage aggressively and develop innovative strategies, practices, and products

Entrepreneurship

(blank) occurs when an enterprising individual pursues a lucrative opportunity

E-commerce/ advertising support model

(blank) one of the following models have advertisers pay for access to the demographic group that visits the operator's site

Initial public stock offerings (IPOs)

(blank) provide a way to raise capital through federally registered and underwritten sales of shares in the company

Bootlegging

(blank) refers to informal efforts- as opposed to official job assignments- in which employees work to create new products and processes of their own choosing and initiative.

business plan

A (blank) is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it

franchisor intrapreneur

A (blank) is an innovator who has created at least one successful store and seeks partners to operate the same concept in other local markets

going public

A creation of a long-term relationship with non-benefical banking institutions is a disadvantage of (blank)

lose control

A reason why many entrepreneurs prefer to avoid going public is that they feel they would (blank)

great ideas

According to many entrepreneurs and observers, when creating a new business, one should start with (blank)

opportunity analysis

An (blank) includes a description of the good or service, an assessment of the opportunity, an assessment of the entrepreneur, a specification of activities and resources needed to translate the idea into a viable business, and the individual's source of capital

Entrepreneur

An individual who establishes a new organization without the benefit of corporate sponsorship is called an (blank)

formal control systems

Entrepreneurs, in part because they are very busy, often fail to use (blank)

lucrative opportunity

Entrepreneurship occurs when an enterprising individual pursues a (blank)

they feel satisfaction in creating something from nothing

Most entrepreneurs start their own firms because (blank)

low innovation/high risk

Most small business ventures are in the (blank) category of the entrepreneurial strategy matrix

improperly spending start-up capital

One of the most common reasons that entrepreneurial ventures fail is (blank)

innovate

People who have an entreneurial orientation tend to (blank)

business incubators

Protected environments for new, small business are known as (blank)

Risks

Successful entrepreneurs take very careful, calculated (blank). They try to influence the odds, often by getting others to share (blank) with them and by avoiding or minimizing (blank) if they have the choice.

risk taking

Successfully fostering and managing intrapreneurship requires the company to reward (blank)

transaction fee model

The (blank) involves companies charging fees for goods and services

five key factors: the people, the opportunity, the competition, the context, and risk and reward

The best plans convey- and make certain that the entrepreneurs have carefully thought through- (blank). The opportunity should provide a competitive advantage that can be defended

great product or idea, a viable market, and good timing

The essential ingredients in any recipe for entrepreneurial success are a (blank)

opportunity analysis

The first formal planning step is to do an (blank). An (blank), opportunity assessment plan, focuses on the opportunity, not the entire venture

single large project

The most dangerous risk in corporate entrepreneurship is possibility of relying too heavily on a (blank)

truly novel ideas with little risk

The upper-left quadrant in the entrepreneurial strategy matrix depicts ventures of (blank)

making cheerleaders

While building support for one's idea, getting together people who will offer support before formal approval from higher levels is known as (blank)