Session:19 Entrepreneurship
Key Terms
Organizational Behavior | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/organizational-behavior
- angel investors
- Individual investors or groups of experienced investors who provide venture financing from their own funds.
- business model
- Rationale of how an organization creates, delivers, and captures value.
- business model canvas
- A tool to describe and assess a business model, encompassing nine components: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure.
- corporate entrepreneurship
- The creation of new products, processes, and ventures within large organizations.
- crowdfunding
- Process of raising new venture funds from a large “crowd” audience, typically virtually from the Internet.
- debt capital
- Borrowed money that must be repaid at some agreed-upon future date.
- design thinking
- Processes used by designers and entrepreneurs to find the solution to complex issues, navigate new or uncertain environments, and create a new product for the world.
- entrepreneurs
- Individuals who recognize and pursue opportunities, take on risk, and convert these opportunities into value-added ventures that can survive in a competitive marketplace.
- equity capital
- Owner’s investment in the company; does not have a specific date for repayment.
- established business owners
- Individuals who are still active in a business that is more than three and a half years old.
- family entrepreneurship
- A business is owned and managed by multiple family members, usually for more than one generation.
- first mover
- Introducing a new product or service category first can potentially define an innovation’s characteristics in the minds of buyers, gaining valuable name recognition and brand loyalty.
- high-technology entrepreneurship
- Ventures in the information, communication, and technology space; typically have high growth expectations.
- lifestyle entrepreneurship
- Creating a venture to suit a personal lifestyle and not for the sole purpose of making profits.
- nascent entrepreneurs
- Individuals who have set up a business they will own or co-own that is less than three months old and has not yet generated wages or salaries for the owners.
- new business owners
- Former nascent entrepreneurs who are actively involved in a business for more than three months but less than three and a half years.
- potential entrepreneurs
- Individuals who believe that they possess the capacity and knowledge to start a business.
- second movers
- Second-to-market organization that can learn from and improve on the first mover’s efforts.
- serial or habitual entrepreneurship
- Individuals who start several businesses, simultaneously or one after another.
- social entrepreneurship
- Creating innovative solutions to immediate social and/or environment problems and mobilizing resources to achieve social transformation.
- venture capital
- Financing obtained from venture capitalists, investment firms that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return for their investment.