GST204

1. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual

2. ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new combinations such as introduction of new techniques of production, reorganization of an industry and innovation.

3. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________

4. _________  as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits

5. It is the responsibility of  ________ to assess the external environment of the business by critically looking at the opportunities and threats emanating from changes in the major external environmental factors

6. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________

7. Business idea arises from an opportunity in the _________

8. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______

9. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________

10. Brainstorming. It helps in generating a large number of product _______

11. Illumination occurs when the idea surfaces as a realistic ________

12. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way

13. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______

14. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________

15. Risk Taking theory contends about one‘s willingness to accept ____.

16. Entrepreneurship is an activity embarked upon for a specific _____

17. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________

18. ______ are individuals who identify public problems and apply business acumen to resolve them.

19. Scanning the environment is better and safer method of assessing than jumping Into the_______

20. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______

21. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.

22. An entrepreneur is a dynamic person who takes calculated _____

23. _________ activities are transactions with creditors or investors used to fund either company operations or expansions

24. Entrepreneur was first accorded prominence by _________

25. The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-reward equation that informs a determination on whether or not to pursue a potential venture

26. The position that individualism is related directly to innovation and entrepreneurship is not __________________

27. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business

28. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______

29. _______is a great source of information, ideas and often opportunity.

30. The term Entrepreneur seems to have been introduced into Economics by ______

31. The business environment is made up of the internal and the external environment and the main macro-environmental forces/factors found in the external environment and micro-environmental forces/factors/ in the internal environment of the _______

32. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to ­­­­­­­­­­­­_____________

33. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________

34. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship

35. Entrepreneurs within an organization is referred to as _______

 An entrepreneur must have good human _____________

37. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture

38. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process

39. Successful entrepreneurs are good at turning ideas into ____

40. Which phase is the starting point for new ideas?

41. _________trait is defined as stable qualities that a person shows in most situations

42. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________

43. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.

44. Entrepreneurs come up with great ideas that lead to creativity and ___________

45. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________

46. (ILO) mean ______________

47. The functionality of an entrepreneur is based on some established _______

48. A business owned, financed and managed by an individual is identified as _______

49. An entrepreneur must have the competence and proficiency in the knowledge of the _________

50. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________