E-Ship at TU München

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Define motives and name two characteristic ones for entrepreneurs

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business model includes:

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How do traditional and entrepreneurial managers differ
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Exemplary flashcards for E-Ship at the TU München on StudySmarter:

Definition of entrepreneurship

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What are the "Big Five"?

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Define personality traits

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Biggest Threat Traditional vs. Entr.
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Exemplary flashcards for E-Ship at the TU München on StudySmarter:

Explaining ideas: the 6 questions

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Definition Entrepreneurship

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Market-based barriers for foreign market entry?

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What is true about the relationship between the GDP per capita and the Entry Rate Density?
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Describe the 4 steps of the entrepreneurial process

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Exemplary flashcards for E-Ship at the TU München on StudySmarter:

E-Ship

Define motives and name two characteristic ones for entrepreneurs
Motives are internal forces that push people to actions: 1. Need for achievement 2. Neef for autonomy

E-Ship

business model includes:
key activities, value proposition, customer relationships, customer segments, key partners, cost structure, key resources, distribution channels, revenue streams

E-Ship

How do traditional and entrepreneurial managers differ
Entrepreneurial managers capture territory across different industries. Sucess is measured in share of opportunity space and they acquire new capabilites

E-Ship

Definition of entrepreneurship
Activity involving discovery, evaluation and exploitation of opportunities to create something new to mobilize resources

E-Ship

What are the "Big Five"?
1) Extroversion 2) Emotional Stability 3) Antagonism vs. Agreeableness 4) Creativity

E-Ship

Define personality traits
Personality traits give an insight on how a person might react across various situations. They are not to be confused witht a person's attitudes or beliefs

E-Ship

Biggest Threat Traditional vs. Entr.
Within vs. other industries

E-Ship

Explaining ideas: the 6 questions
1) Who´s the customer 2) What´s the problem that the product/service solves for the customer 3)What´s the benefit to the customer 4) What´s the size of the market potential 5) What makes YOUR product better than comparable alternatives 6) How do you capitalize profit from your product?

E-Ship

Definition Entrepreneurship
Activity involving DISCOVERY, EVALUATION and EXPLOITATION OF OPPORTUNITIES to make sth. NEW by mobilizing resources

E-Ship

Market-based barriers for foreign market entry?
-Access to distribution systems hindered -Problems in finding skilled personnel -Customer preferences for local companies

E-Ship

What is true about the relationship between the GDP per capita and the Entry Rate Density?
Higher GDP normally results in higher entrpreneurial activity. Nevertheless not all countries with low entrepreneurial activity have a low GDP.

E-Ship

Describe the 4 steps of the entrepreneurial process
1. Idea generation 2. Oppportunity development 3. Venture or business unit foundation 4. Growth

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