ENTREP MIDTERMS

- Opportunity seeker

-  Committed

-  Persistent

- Efficient and quality-oriented

-  Risk-taker

• Achievement Cluster

• Planning Cluster

• Power Cluster

-  Goal-setter

-  Information seeker

-  Systematic in planning and monitoring

• Achievement Cluster

• Planning Cluster

• Power Cluster

- Persuasive and Positive Networker

-   Self-confidence

• Achievement Cluster

• Planning Cluster

• Power Cluster

is an entrepreneurial undertaking wherein wealth is created. It is a business endeavor where the resources of the enterprise have been utilized fully to maximize the investment of the entrepreneur. The venture improves the life of the entrepreneur in terms of economic, financial, social, moral, and psychological aspects.

 

• Wealth–Creating Venture

• Risk Taking Venture

• Value

is basically the opposite of waste. Products and services are considered valuable when they provide additional benefits to the buyers and users. In entrepreneurship, value is always measured from the perspective of the consumers. The goods and services become valuable when the consumers get additional benefits from using the products or availing of the services.

• Wealth–Creating Venture

• Risk Taking Venture

• Value

  All businesses whether big or small, are operating within the concept of risk-taking because of uncertainty. Nobody knows what will happen tomorrow. The business risks cannot be eliminated. They are inherent in the venture. Entrepreneurs, however, face the business risks instead of avoiding them. They find ways to minimize the effects of the business risks.

• Wealth–Creating Venture

• Risk Taking Venture

• Value

refers to a business or enterprise that correctly adopts and practices the principles of entrepreneurships. It is owned by one person with a limited workforce of not more than 20 persons.

• Small business

• Ordinary Small Business

pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practice the concepts and principles of entrepreneurship. They can be found almost anywhere and everywhere – along city streets, municipal roads and national roads, and in public markets, hospitals, schools, and amusement places

• Small business

• Ordinary Small Business

    It can be defined through economic growth and security

• DEVELOPED COUNTRY

• NEWLY INDUSTRIALIZING COUNTRIES

• DEVELOPING COUNTRIES

•    UNDERDEVELOPED COUNTRIES

The most common criteria for evaluating the degree of development is to look at gross domestic product (GDP), the per capita income (income per person), level of industrialization, amount of widespread infrastructure, and general standard of living.

• DEVELOPED COUNTRY

• NEWLY INDUSTRIALIZING COUNTRIES

• DEVELOPING COUNTRIES

•    UNDERDEVELOPED COUNTRIES