- Entrepreneurs are always alert for opportunities but also face challenges like 3 out of 5 new businesses failing within 18 months.
- Core competencies are crucial for an organization's survival and competitive advantage, providing a strategic roadmap and allowing companies like Netflix to expand into new areas.
- Entrepreneurship involves stress from risks and responsibilities but also rewards from perseverance, leadership, and utilizing one's personalities and strengths.
- It is important for entrepreneurs to balance focusing on prospects, customers, revenue growth, innovation, and building long-term competitive advantages through core competencies rather than short-term gains.
- Entrepreneurs are always alert for opportunities but also face challenges like 3 out of 5 new businesses failing within 18 months.
- Core competencies are crucial for an organization's survival and competitive advantage, providing a strategic roadmap and allowing companies like Netflix to expand into new areas.
- Entrepreneurship involves stress from risks and responsibilities but also rewards from perseverance, leadership, and utilizing one's personalities and strengths.
- It is important for entrepreneurs to balance focusing on prospects, customers, revenue growth, innovation, and building long-term competitive advantages through core competencies rather than short-term gains.
- Entrepreneurs are always alert for opportunities but also face challenges like 3 out of 5 new businesses failing within 18 months.
- Core competencies are crucial for an organization's survival and competitive advantage, providing a strategic roadmap and allowing companies like Netflix to expand into new areas.
- Entrepreneurship involves stress from risks and responsibilities but also rewards from perseverance, leadership, and utilizing one's personalities and strengths.
- It is important for entrepreneurs to balance focusing on prospects, customers, revenue growth, innovation, and building long-term competitive advantages through core competencies rather than short-term gains.
A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue A: Possibilities Eager for knowledge A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue A: Possibilities Eager for knowledge A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue A: Possibilities Eager for knowledge A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue A: Possibilities Eager for knowledge A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue A: Possibilities Eager for knowledge A: Inquisitive How many new businesses fail within 18 months of getting started? A: Three out of five Entrepreneurs are always alert to opportunities. A: An eye for opportunity This competencies are the collective learning of the organization, especially how to co-ordinate the diverse production skill and integrate multiple stream of technologies A: core Which of these states the importance of core competencies? A: Both of the given choices are correct Strategic architecture is a A: roadmap Their core competency is said to be content delivery, but they are now venturing into original content creation too. A: Netflix Core capabilities are crucial for this A: survival As an organization, they developed products that are rich in design and user experience. A: Apple Strategic intent provides a basis for__________ the goals of the organization A: stretching The possibilities in entrepreneurship are A: Endless When teaching the entrepreneurial side, which one should you focus on? A: All of the answers correct Entrepreneurs are persistent and strongly believe that working hard will help them attain their goals. A: An appetite for hard work In Entrepreneurship, you may become stressed. Why? A: Both of the given choices are correct The ability to exert interpersonal influence by means of communication towards the achievement of goals A: Leadership Crucial for survival but does not confer any specific differential advantage over other competitors in the industry. A: Core Capabilities An intra company entrepreneur A: Intrapreneur Entrepreneurs most likely have a keen sense of what type of person is needed to fulfill a position. A: Recruiter With entrepreneurial degrees are well suited for mid-level management A: Graduates It will be capable of creating more value if it has identified its core competencies A: company Core competencies play an important role in the process of A: advantage Entrepreneurs have many A: Personalities It is critical to find a balance between prospects and customers to ensure that your future revenue is protected, while still keeping existing customers happy. A: Focusing only on revenue An entrepreneur may decide to offer a new product in a growth area rather than pursuing sales of existing products that have minimum growth potential. A: Growth potential A person whose job or task is to seek financial support for a charity, institution, or other enterprise. A: Fund-raiser Entrepreneurs enable citizens to survive comfortably without too much borrowing A: Self-reliance Just because you can innovate, does not always mean that you should. A: Focusing only on innovation and the competition. The most important advantage of having core competencies is having this. A: Long-term competitive advantage A set of circumstances that makes it possible to do something. A: Opportunity Market Potential will enable you to more accurately assess this. A: All of the answers correct If I had asked people what they wanted, they would have said faster horses. A: Henry Ford Enables you to concentrate on and solve your target market's problems. A: Outside-in approach Customers understand problems, but they cannot help you to move your product forward. A: Focusing only on customers Entrepreneurs do not give in to failure. Rather, they seek out the faults and weakness and then correct them. A: Perseverance The next stage towards developing the core competencies is to leverage the current resources of the organization. A: Strategic Architecture During this phase, it is time to take advantage of the situation and execute all of the great ideas and projections ascertained from the two prior phases. A: Opportunity Realization Critical to determining attractiveness. A: Duration People who have not yet purchased your product but are considering it A: Prospects A source of input, but not the only source of input A: Customers Act as the glue that bind businesses together as well as pave the way for new business development. A: competences Allocates capital with the expectation of a future financial return. A: Investor A situation in which people lie in wait to make a surprise attack A: Trap The activity or condition of competing A: Competition A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. A: Entrepreneur Latent qualities or abilities that may be developed and lead to future success or usefulness A: Potential It is critical to find a balance between prospects and A: Focus only on revenue Entrepreneurs must demonstrate this characteristic in order to cope with all the risks of operating their own business. A: Self-confidence People who have already purchased your product. A: Exiting Customers Truly think outside the box, stretch the limits, and are combinatorial in non-traditional ways. A: Opportunity Recognizers (NOTE: WAG NINYO ISASAGOT TO SA 3RD QUARTER EXAM PERO TAMA YAN SA WEEK 13 & 15. ANG SAGOT PARA SA QUARTER EXAM AY “ALL OF THE ANSWERS CORRECT”) Entrepreneurs believe in their own ability to control the consequences of their endeavor by influencing their socio-economic environment rather than leave everything to luck. A: Locus of Control Crucial when beginning a new enterprise. A: Opportunity Recognition A situation in which an individual works for himself instead of working for an employer that pays a salary or a wage. A: Self-employed Which of these is part of your market? A: All of the answers correct A certain amount of risk is involved in all entrepreneurial ventures, and growth is no different. A: Risk and rewards A new method, idea, product A: Innovation The entire size of the market for a product at a specific time. A: Market Potential The process of developing core competencies starts with this thought of being a leader in the market. A: Strategic Intent The income that a business has from its normal business activities, usually from the sale of goods and services to customers. A: Revenue