Concepts, Principles And Environment Associated With Entrepreneurship Quiz

The process wherein employees initiate to be creative and innovative for the social and economic enhancement of the organization. 

It is creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled.

A typology that is seen as a capability and attitude whereby individual skills are integrated into a group, becoming

partners in the business’s future evolution.

An operation where a license is granted to local operators to use the brand name, product, service, and associated goodwill for a specific period of time.

They have been successful in developing market niches that are "ethnically protected", so they can overcome disadvantages and achieve personal success. 

A venture with different ownership and management structures and where entrepreneurship becomes a group quality rather than confined to one individual.

The owners/managers are driven by the managerial objective of growth and maximization of the potential opportunities that can be developed from the original venture, which is characterized by innovative strategies and practices.

These businesses are often entirely dependent on the talents and energies of the proprietors. They are not necessarily strongly profit-motivated, and theories of rational economic calculation cannot satisfactorily explain their behavior.

This represents a small, highly specialized segment due to the nature of the business in which most of them emerge as a result of information technology development, such as Internet marketing support, central reservation services, and bespoke tourist itinerary planning.

This represents an arrangement whereby firms remain independent , but set up a new organization jointly owned by the parent firms.

It is often high-profile male entrepreneurs who are cast as role models. However, the level of female activity in entrepreneurship increased as influenced by a complex set of social and economic factors.

The owners of these small firms are likely to be concerned with survival, and maintaining sufficient income to ensure that the business provides them and their family with a satisfactory level of funds to enable enjoyment of their chosen lifestyle.

This approach relates to entrepreneurship, which is not a constant process, but one that can be applied as and when required. It emphasizes the temporal dimension, whereby an individual, or a firm, may be more or less entrepreneurial, depending on their inclination.

Ownership of smaller firms is generally shared by the family, and control is exercised by the senior or founding member.

The process wherein employees initiate to be creative and innovative for the social and economic enhancement of the organization.