Strategic Management CH 13
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Created by:
SaintSchon on March 23, 2012
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10 terms
Terms | Definitions |
|---|---|
 Strategic entrepreneurship | is taking entrepreneurial actions using a strategic perspective. |
| Corporate entrepreneurship | is the use or application of entrepreneurship within an established firm. |
| Entrepreneurship | the process by which individuals, teams, or organizations identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control. |
| Entrepreneurial opportunities | are conditions in which new goods or services can satisfy a need in the market. |
| Invention | is the act of creating or developing a new product or process. |
| Innovation | is the process of creating a commercial product from an invention. |
| Entrepreneurs | are individuals, acting independently or as part of an organization, who perceive an entrepreneurial opportunity and then take risks to develop an innovation to exploit it. |
| Entrepreneurial mind-set | a person who values uncertainty in the marketplace and seeks to continuously identify opportunities with the potential to lead to important innovations. |
| International entrepreneurship | a process in which firms creatively discover and exploit opportunities that are outside their domestic markets in order to develop a competitive advantage. |
| Imitation | is the adoption of a similar innovation by different firms. |
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