Intro to Business 3824

Accepting the risk of starting and running a business.

• entrepreneurship

• risk

• business

• corporation

Creative people who work as entrepreneurs within corporations.

• team

• intrapreneurs

• firms

• group

Entrepreneurs are willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle.

• home-based

• online

• micopreneurs

• social

People with unsatisfied wants and needs have the resources and the willingness to buy.

• SBIC

• SBA

• CDC

• market

The process used to accomplish organizational goals is through planning, organing, leading, and controlling people and other organizational resources.

• management

• organizing

• leading

• controlling

A management function includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.

• controlling

• management

• planning

• leading

A management function includes designing the organization's structure and creating conditions and systems in which everyone works together to achieve the organization's goals and objectives.

• controlling

• organizing

• leading

• planning

Creating a vision for the organization and guiding training, coaching, and motivating others to work effectively to achieve the organization's goals and objectives in a timely manner.

• changing

• leading

• making

• deciding

Establishes clear standards to determine whether an organization is progressing toward its goals and objectives.

• functioning

• planning

• setting

• controlling

An encompassing explanation of why the organization exists and where it is trying to go.

• vision

• philosophy

• needs

• services