ME11 1.01 Key Terms

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Entrepreneur

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An individual who creates and operates a new business, taking on financial risks in the hope of profit.

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Ethics

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Moral principles that govern a person's behavior or the conducting of an activity.

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Etiquette

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The customary code of polite behavior in society or among members of a particular profession or group.

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Globalization

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The process by which businesses or other organizations develop international influence or start operating on an international scale.

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Innovation

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The introduction of new ideas, methods, or products.

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Intrapreneur

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An employee within a company who is given the freedom and resources to initiate projects, business ventures, or innovations.

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Risk

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The possibility of loss or injury; a situation involving exposure to danger.