Entrepreneurial Journey — Flashcards

Answer

Trailblazers are very competitive, ambitious and goal-oriented with a steamroller approach. They are restless, energetic with strong drive and sense of urgency. They work at two speeds: fast and faste…

Answer

A written summary of various elements involved in starting a new enterprise, describing how the business will organize its resources to meet its goals and how it will measure progress. It serves as a …

Answer

Feasibility Study: Conducted BEFORE business plan to determine if idea is viable. Focuses on calculations, analysis, and estimated projections to assess if business is worth time, effort and resources…

Answer

Environment scanning is the screening of large amounts of information to detect emerging trends. It involves scanning information from news magazines, government publications, trade publications, comm…

Answer

A group technique where several people sit together and generate numerous business ideas by innovating alternative ways of meeting needs and solving problems. It's usually an unstructured discussion w…

Answer

Nandita converted childhood pain and humiliation into ammunition for success. Despite traumatic childhood caring for sick mother and being called 'poor Nandita' by relatives, she determined to prove t…

Answer

1. Market Feasibility: Industry description, current market, competition, sales projections, potential buyers. 2. Technical Feasibility: How to deliver product/service - materials, labor, transportati…

Answer

Entrepreneurs with high sociability, above-average dominance, driven and independent. They work well under pressure and in autonomous situations. They are great consensus builders, good collaborators …