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ENTREP MIDTERM (UNIT 1)

for study purposes only

  • It is ultimately the process of creating and building a stable source of

    sustenance so that one would not have to struggle to make ends meet. It means anything which could be owned and controlled?

    Wealth Creation

  • What are the two types of assets?

    Tangible and Intangible

  • Who is the author of world-famous book, rich dad poor dad?

    Mr. Robert Kiyosaki

  • What do you call the creation or extraction of value?

    Entrepreneurship

  • A creator or a designer who designs new ideas and business processes?

    Entrepreneur

  • Who propounded Innovation Theory?

    Joseph A. Schumpeter

  • It is a kind of theory that the Desire of high achievements obtaining specific achievements, making the best performance, touching the heights of excellence, developed Entrepreneurial tendencies in the

    individuals?

    Theory of Need of Achievement

  • Who is the Author of the Theory of Need of Achievement?

    McClelland.

  • Who propounded the Theory of Recover the Withdrawal of Status?

    Everet Hegen.

  • It is the creativity of any suffering minority group in society that is the main source of entrepreneurship.

    Theory of Recover the Withdrawal of Status

  • This theory was propounded by John Kunkel.

    Behavior Theory

  • The entrepreneurial development of any society depends upon its past and existing economic social aspirations.

    Behavior Theory

  • The theory is based on the assumption that expansion of entrepreneurial activities is possible only by entrepreneurial groups.

    Social Change Theory

  • Who propounded the Social Change Theory?

    Max Weber

  • Who propounded the Cultural Theory?

    B.F. Hauslin

  • It is a kind of theory that industrial entrepreneurial development is possible only in society, where social procedures are unstable.

    Cultural Theory

  • It emphasizes cultural values, expected rules, and social approvals have specific importance in entrepreneur development.

    Cultural Value Theory

  • Who propounded the Cultural Value Theory?

    Kroken

  • According to this person, ‘Mental thinking’ does create the direction of

    entrepreneurial development, but group generated value Matrix has significant contribution in attracting the entrepreneurship?

    Stokes

  • This theory of entrepreneurship development was propounded by strokes.

    Socio-Cultural Value Theory

  • It is a kind of theory that physiological motivation for economic gains or increase in real income exists in every society.

    Economic Theory

  • Who propounded the Economic Theory?

    Pepuek and Hassis

  • It is propounded by T.V.S. Rao?

    Entrepreneurial Disposition Theory

  • According to this theory the Entrepreneurial disposition includes factors like dynamic motivation, long-term devotion, individual, social and physical sources and political system.

    Entrepreneurial Disposition Theory

  • It is propounded by Venkat Rao.

    Process of Stage Theory

  • It is a type of venture that Provides basic subsistence for the entrepreneur and his/her family, in effect allowing for little more than a hand-to-mouth type of existence.

    Survival Ventures

  • It is a type of venture that Provides a relatively stable income stream for owners based on a workable business model and a maintenance approach to management.

    Lifestyle Ventures

  • It is a type of venture that Has a workable business model and seeks stable growth over time.

    Managed Growth Ventures

  • What are those seven Essential Characteristics and Social Networking?

    1. Good listener

    2. Positive attitude

    3. Helps others/collaborative

    4. Sincere/authentic

    5. Follows up

    6. Trustworthy

    7. Approachable

  • What kind of Entrepreneurial Process generates new ideas?

    Innovation

  • What kind of Entrepreneurial Process that includes gestation?

    Triggering event

  • What kind of Entrepreneurial Process that includes infancy?

    Implementation

  • What kind of Entrepreneurial Process that includes adolescence?

    Growth