GST204

1. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________

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

3. 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

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

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

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

7. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________

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

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

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

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

12. what helps in generating a large number of product ideas is __________

13. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities

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

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

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

17. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in an

18. The Distinctive design, graphics, logo, symbols, words, or any combination thereof that uniquely identifies a firm and/or its goods or services, guarantees the item's genuineness, and gives it owner the legal rights to prevent the unauthorized use referred to _________

19. 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 _________

20. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision

21. Business idea arises from an opportunity in the _________

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

23. The conceptual cornerstone in the theory of entrepreneurship lies on __________

24. Entrepreneur was first accorded prominence by _________

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

26. Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible, Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main characteristics of an ___________

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

28. 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

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

30. (ILO) mean ______________

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

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

33. Entrepreneurs within an organization is referred to as _______

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

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

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

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

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

39. Individuals with an internal locus of control believe that they are able to life events

40. Successful entrepreneurs are good at turning ideas into ____

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

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

43. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______

44. ________ 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.

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

46. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______

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

 An entrepreneur must have good human _____________

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

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