An entrepreneur is basically an innovator who tries to develop new technology, products and markets. It involves doing new things or doing existing things differently.

Development of management skills

An entrepreneur, by definition, is a risk taker and not a risk shirker. He is always prepared for assuming losses that may arise on account if new ideas and projects undertaken by him.

Development of management skills

An entrepreneur is practical dreamer and does a lot of ground-work before taking a leap in his/her ventures

Development of management skills

The work of an entrepreneur involves the use of his managerial skills which he develops while planning, organizing, staffing, directing, controlling, and coordinating the activities of the business.

Development of management skills

An entrepreneur always first tries new ideas at his level. This is a reflection of his will power, enthusiasm, and energy which helps him in overcoming the society’s resistance to change.

Overcoming resistance to change

Catalyst of economic development

An entrepreneur plays an important role in accelerating the pace of economic development of a country by discovering new sets of available resources and maximizing their utilization.

Catalyst of economic development

Overcoming resistance to change

Typically focuses on financial goals

Project Plan for Non-Profit and Government Agency

Target changes in perception and branding as its primary goals

Project Plan for Non-Profit and Government Agency

Tends to focus on service goals

Project Plan for Non-Profit and Government Agency

Describes the goals of an internal organization, working group or department

Project Plan for Non-Profit and Government Agency

It guides proponents and investors on the overall feasibility of the proposed project at glance. It summarizes the major highlights and findings of each major aspect of the study. The conclusion of the study is its focal point.

Management and Personnel Feasibility

It narrates the project conceptualization, and details the events that led to the study. It also presents the project proponents, the proposed name, the type of business/project, and the project location.

Management and Personnel Feasibility

It pinpoints the projects general to specific market feasibility topics. It presents the market and an analysis of past, present, and future demand and supply situations for the particular product(s). If the conditions presented are feasible, then a look at the marketing practices of your competitors will be studied.

Management and Personnel Feasibility

Refers to the manufacturing aspects of the product. It includes the details of what the product us and how they will be produced/raised using proposed location, production size (capacity) and lay-out. It also looks into the machineries and equipment, raw materials and manpower requirements.

Management and Personnel Feasibility

It enables the entrepreneur to know how much capitalization will be needed to finance the project and who will be the project’s financiers. It determines the most adaptable financing scheme in terms of the financers’ terms and conditions of repayment.

Project Implementation and Timetable

This is viewing the project’s feasibility only from the point of view or from the standpoint of the project’s proponents/investor. This part represents the project’s feasibility as to how it will be beneficial to other people and entities.

Project Implementation and Timetable

These includes the details of all activities to be considered during the project’s pre-investment and pre-opening phase and also the timetable of each of these activities.

Project Implementation and Timetable

ENTREP

11th - 12th Grade

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67 Qs

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ENTREP

Quiz

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Business, Education

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11th - 12th Grade

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Practice Problem

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Medium

Marsh Mellow

Used 16+ times

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67 questions

Show all answers

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Derived from the French verb “enterprende” which means “to undertake”

Entrepreneurship

Entrepreneurial

Entrepreneur

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An act of organizing, managing, and assuming the risks of a business or enterprise.

Entrepreneurship

Entrepreneurial

Entrepreneur

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A person who is very willing to take new risks to help the society.

Entrepreneurship

Entrepreneurial

Entrepreneur

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Small changes that transforms process flows

Incremental

Disruptive

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Entirely new approaches

Incremental

Disruptive

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

It helps in identifying and developing managerial capabilities of entrepreneurs.

Development of Managerial Capabilities

Creation of Organization

Improving Standard of Living

Means of Economic Development

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Studies a problem, identifies its alternatives, compares the alternatives in term of cost and benefit implications and finally choose the best alternatives.

Development of Managerial Capabilities

Creation of Organization

Improving Standard of Living

Means of Economic Development

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ENTREP

67 questions

Derived from the French verb “enterprende” which means “to undertake”

An act of organizing, managing, and assuming the risks of a business or enterprise.

A person who is very willing to take new risks to help the society.

Small changes that transforms process flows

Entirely new approaches

It helps in identifying and developing managerial capabilities of entrepreneurs.

Studies a problem, identifies its alternatives, compares the alternatives in term of cost and benefit implications and finally choose the best alternatives.

Assemble and coordinate physical, human and financial resources and direct them towards
achievement of objectives through managerial skills.

Helps in making a wide variety of goods and services available to the society which results into
higher standard of living for the people.

Involves creation and use of innovative ideas, maximization of output from given resources, and
development of managerial skills

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business

ENTREP

67 questions

Derived from the French verb “enterprende” which means “to undertake”

An act of organizing, managing, and assuming the risks of a business or enterprise.

A person who is very willing to take new risks to help the society.

Small changes that transforms process flows

Entirely new approaches

It helps in identifying and developing managerial capabilities of entrepreneurs.

Studies a problem, identifies its alternatives, compares the alternatives in term of cost and benefit implications and finally choose the best alternatives.

Assemble and coordinate physical, human and financial resources and direct them towardsachievement of objectives through managerial skills.

Helps in making a wide variety of goods and services available to the society which results intohigher standard of living for the people.

Involves creation and use of innovative ideas, maximization of output from given resources, anddevelopment of managerial skills

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business

Assemble and coordinate physical, human and financial resources and direct them towards
achievement of objectives through managerial skills.

Helps in making a wide variety of goods and services available to the society which results into
higher standard of living for the people.

Involves creation and use of innovative ideas, maximization of output from given resources, and
development of managerial skills