Entrepreneurship Final Revision

is the limited group of individuals or businesses that it goes after or tries to appeal to

• Target Market

• Market

• Market Segmentation

• Other

A group of organizations with similar needs that band together to create a new entity to address those needs

• Network

• Trade Associations

• Joint Venture

• Consortia

is a collaborative agreement between two or more parties to achieve shared goals while remaining independent

• Joint Venture

• Network

• Strategic Alliance

• consortia

Organizations that are formed by firms in same industry to collect and disseminate trade information and offer legal and technical advice.

• Trade Association

• Network

• Consortia

• Joint Venture

is a company that provides parts or services to another company.

• Customers

• Suppliers

• Other Key Relationships

is a resource or capability that serves as a source of a firm’s competitive advantage.

• Strategic Asset

• Core Competencies

• Resource Allocation

are anything rare and valuable that a firm owns.  They include plant and equipment,

• Core Competencies

• Strategic Assets

• Resource Allocation

is plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers

• Customer interface

• Business Model

• Business Plan

is the process of ordering, receiving, storing, transporting, and managing incoming supplies.

• Inbound Logistics

• Outbound Logistics

• Operations

is a supply chain stage that involves moving finished products from a company to its customers.

• Outbound Logistics

• Inbound Logistics

• Operations