Entrepreneurial Concepts & Charateristics

Entrepreneurship is a process

• True

• False

Not a concept of Entrepreneurship

• Change the status quo

• Creativity and Innovation

• Dare not to be different

• Opportunity Exploitation

Changed the status quo

• Uber

• Zoom

• Apple introducing the touch screen

• McDonald's

Entrepreneurs are born and cannot be made

• True

• False

Elon Musk is the founder of

• Tesla

• SpaceX

• PayPal

• Open AI

Innovation is important for entrepreneurship

• True

• False

The quality of continuing with something even though it is difficult is (a)  

Not a concept of Entrepreneurship

• Environmental Sensitivity

• Opportunity Screening

• Opportunity Identification

• Opportunity Exploitation

Concepts of Entrepreneurship

• Creation of wealth

• Resource Combination

• Willing not to take risk

• Contributing to social well being

The belief that individuals hold regarding relationships between his or her actions and outcomes

(a)