Prelim Exam GEE

normally defined as 'risk-takers' in new-venture creations are uniquely optimistic, hard-driving committed individuals who derive great satisfaction from being independent.

is an employee who is tasked with developing an innovative idea within a company and can draw on its resources to do so.

The Nature of the Creative Process

• PHASE 1: BACKGROUND ACCUMULATION

• PHASE 2: THE INCUBATION PROCESS

• PHASE 3: THE IDEA EXPERIENCE

• PHASE 4: EVALUATION AND IMPLEMENTATION

• Bottom-Line Measures of Economic Performance

• • Personal income

• • Job growth

• • Establishment sizes

• • Cost of underemployment

• • Employment distribution by sector

is the generation of ideas that results in the improved efficiency or effectiveness of system.

Bottom-Line Measures of Environmental Performance

• • Hazardous chemical concentrations

• • Fossil fuel consumption

• • Electricity consumption

• • Solid waste management

• • Hazardous waste management

Two approaches to creative problem solving: 

is which states that once an entrepreneur starts a firm and becomes immersed in an industry, “corridors” leading to new venture opportunities become more apparent to the entrepreneur than to someone looking in from the outside.

The first step for any entrepreneur is the identification of a "______"

Bottom-Line Measures of Social Performance

• • Unemployment rate

• Relatively poverty

• Median household income

• Average commute time

• violent crimes per capita