ETS test1 notes.docx - Customers 1 Customize the product 2 Learn new skills 3 Cultivate long-term relationships Tech 1 New IM tech 2 New customer M tech

ETS test1 notes.docx - Customers 1 Customize the product 2...

This preview shows page 1 - 3 out of 5 pages.

Customers 1. Customize the product 2. Learn new skills 3. Cultivate long-term relationships Tech 1. New IM tech 2. New customer M tech 3. New production and Service delivery tech Competitors 1. Open new avenues in market for customers 2. Mimic, till they can’t differentiate the two 3. Attack competitors, operate on a narrow profitable nickes Legal, Regulatory and Ethical Standards 1. Increasingly regulatory restrictions 2. “” litigious environment 1. Sustainable comp Advantage 5 Company Capabilities 1. Speed 2. Adaptability 3. Flexibility 4. Aggressiveness 5. Innovativeness NOTE!! Entrepreneurship is the CORE SOURCE of Sustainable Competitive Advantage 7 Perspectives on Nature of Entrepreneurship 1. Creating Value 2. Creating Employment 3. Creating Growth 4. Creating Innovation 5. Creating Enterprise 6. Creating Wealth 7. Creating Change
Image of page 1

Subscribe to view the full document.

Def: Entrepreneurship is the process of creating value through the unique combination of resources and exploiting and opportunity out of it. Char: - Involves a Process - Create Value , where there was none before - Resources kept together in a unique way - Opportunity-driven behaviour M: Focus on Eff&Eff, Current situation B.O.S.S.E.S E: What can be, less current C.O.R.I.A Loss of Ent way?? Ask Geiner.
Image of page 2
Image of page 3
  • Summer '17
  • John Davids

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes