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Terms in this set (14)
The process of systematically scanning for technological, political and regulator, social, and demographic changes to discover opportunities to produce new good and services. An unexpected, yet valuable economic opportunity.
Occurs when a physical or technological observation is made. Ex-invention of the plane
Occurs when an observation is made based on specific knowledge of time, place, or circumstance. Ex. air crafts for travel
comparing an unfamiliar abstract idea with an already known mental image.
Problems that can be diagnosed and remedied because they happen over and over.
A 3-dimensional version of your vision.
examining a completed product with the intent of understanding the technology and process used in its design, manufacture, or operation.
Stages of Entrepreneurial Process
Building on strengths of the business and not considering outside circumstances.
Building on strengths using outside influences.
Changes in birth, marriage, and death rates; life expectancy and family patterns; population size and density. The economic, social, and political effects of immigration, internal migration, and migration networks.
Change in politics and change in the way a government is organized, controlled, or functions.
Refers to an alteration in the social order of a society and significant alteration over time in behavior patterns and culture, including norms and values.
Change in technology advancement and the application of science and engineering to increase wealth and alter human society.
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