AEM 120 Final Review Sheet

AEM 120 Final Review Sheet - AEM 120 Final Review Session...

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AEM 120 Final Review Session 50 questions Lists & matching  1. CH 1: Phases of Entrepreneurial Initiative (matching) a. Opportunity recognition i. Knowledge & experience ii. Bring previous experiences together  b. Resource accumulation i. Networking**  ii. Rolledex of people  c. Launching of a new venture i. Business plan d. Growth i. When businesses usually fail ii. Stress iii. Build of up trust w/ management iv. Be socially competent v. Overcome obstacles e. Harvest i. Money f. Know the definition of entrepreneurship g. Know different types & what capacities they have 2. CH 2: Phases of Entrepreneurial Initiative  a. Go over e-clips b. Technological forces c. Economic forces d. Social forces e. Alan Lest  f. expedia.com i. increase in internet bandwith (technological force) ii. increase in reliable search & compatible software (technological force) iii. ability to make safe payments over the internet (social force) iv. willingness of the hotels & airlines to pay commission to internet companies (social  force) v. increasing in Internet usage for purchasing services (social force) 3.
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