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Chapter 31: Innovation and Entrepreneurship (Campbell)
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Terms in this set (14)
A type of change where new ideas may lead to radical breakthroughs that transform practice environments or incremental improvements in existing products, processes, or services
Innovation
Entrepreneurship is the practice of _________, _________, and __________ the risk of a business
organizing, managing and assuming
An ____________ is a person who essentially operates as an entrepreneur, but is an employee of an organization
intrapreneur
what are the 5 stages of intrpreneurship process?
1. defining the opportunity or problem, including data collection and analysis
2. building support
3. mobilizing resources
4. executing the project
5. completing the venture
What are the 3 schools of thought in micro view of entrepreneurship?
1. entrepreneurial traits
2. ventrue opportunity as key function
3. strategic formulation emphasizes planning.
what are the key factors of macro view of entrepreneurship?
1. environmental: success is contingent on environment.
2. financial/capital: emphasizes resource availability.
3. displacement: conflicts in choices of indiv
what are the 4 distinct events that are associated with effective entrepreneurial activities?
1. innovation
2. triggering event
3. Implementation
4. Growth
the ______ ___________ proposes that 4 broad categories must be considered in assessing the potential success of an entrepreneurial endeavor.
multidimensional model
what are 2 ways to implement new business innovation?
1. start a new business enterprise
2. purchase an existing business
Money raised in exchange for partial business ownership?
Equity financing
Borrowing money that will be repaid over a period of time?
Debt financing
the pattern or plan that integrates an organization's major goals, policies, and action sequences into a cohesive whole
Strategy
___________ _____________ may be described as conducting activities that are similar to competitors though offering improvement
operational effectiveness
What are the 4 basic categories of risk incurred by entrepreneurs?
Financial, career, social, psychological.
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Verified questions
question
Based on the data in Table below, estimate which of the following investments you expect to lose the most in the event of a severe market down turn: $(1)$ A $\$2000$ investment in Hershey, $(2)$ a $\$ 1500$ investment in Macy's, or $(3)$ a $\$ 1000$ investment in Caterpillar. $$ \small{\text{Betas with Respect to the S\&P 500 for Individual Stocks (based on monthly data for 2010–2015)}} $$ $$ \small{ \begin{array}{lllc} \textbf{Company}& \textbf{Ticker} &\textbf{Industry} &\textbf{Equity Beta}\\ \hline \text{PG\&E}& \text{PGE}& \text{Utilities} & 0.26\\ \text{General Mills}& \text{GIS}& \text{Packaged Foods}& 0.30\\ \text{Newmont Mining}& \text{NEM}& \text{Gold}& 0.32\\ \text{The Hershey Company}& \text{HSY} &\text{Packaged Foods}& 0.33\\ \text{McDonald's}& \text{MCD} &\text{Restaurants}& 0.39\\ \text{Clorox}& \text{CLX}& \text{Household Products}& 0.40\\ \text{Pepsico}& \text{PEP}& \text{Soft Drinks}& 0.42\\ \text{Wal-Mart Stores}& \text{WMT}& \text{Superstores}& 0.49\\ \text{Procter \& Gamble}& \text{PG} &\text{Household Products}& 0.52\\ \text{Coca-Cola}& \text{KO}& \text{Soft Drinks}& 0.52\\ \text{Altria Group}& \text{MO} &\text{Tobacco}& 0.54\\ \text{Amgen}& \text{AMGN} &\text{Biotechnology}& 0.64\\ \text{Johnson \& Johnson} &\text{JNJ} &\text{Pharmaceuticals}& 0.65\\ \text{Nike}& \text{NKE}& \text{Footwear}& 0.67\\ \text{Southwest Airlines}& \text{LUV}& \text{Airlines}& 0.80\\ \text{Kroger}& \text{KR}& \text{Food Retail}& 0.80\\ \text{Starbucks} &\text{SBUX} &\text{Restaurants} &0.80\\ \text{Whole Foods Market}& \text{WFM}& \text{Food Retail}& 0.83\\ \text{Intel}& \text{INTC} &\text{Semiconductors}& 0.87\\ \text{Microsoft}& \text{MSFT}& \text{Systems Software}& 0.89\\ \text{Pfizer}& \text{PFE}& \text{Pharmaceuticals}& 0.89\\ \text{Apple}& \text{AAPL}& \text{Computer Hardware}& 0.92\\ \text{Amazon.com}& \text{AMZN}& \text{Internet Retail}& 0.94\\ \text{Macy's}& \text{M}& \text{Department Stores}& 0.95\\ \text{Foot Locker}& \text{FL} &\text{Apparel Retail} &0.99\\ \text{Alphabet (Google)}& \text{GOOG}& \text{Internet Software and Services}& 0.99\\ \text{Molson Coors Brewing} &\text{TAP}& \text{Brewers}& 0.99\\ \text{Harley-Davidson}& \text{HOG}& \text{Motorcycle Manufacturers}& 1.14\\ \text{Yahoo!}& \text{YHOO} &\text{Internet Software and Services} &1.21\\ \text{salesforce.com} &\text{CRM} &\text{Application Software}& 1.22\\ \text{Marriott International}& \text{MAR}& \text{Hotels and Resorts}& 1.24\\ \text{Walt Disney}& \text{DIS}& \text{Movies and Entertainment}& 1.25\\ \text{Coach}& \text{COH}& \text{Apparel and Luxury Goods}& 1.25\\ \text{Cisco Systems} &\text{CSCO}& \text{Communications Equipment}& 1.27\\ \text{Williams-Sonoma}& \text{WSM}& \text{Home Furnishing Retail}& 1.27\\ \text{Staples}& \text{SPLS}& \text{Specialty Stores} &1.36\\ \text{Oracle} &\text{ORCL}& \text{Systems Software}& 1.42\\ \text{Hewlett-Packard}& \text{HPQ}& \text{Computer Hardware}& 1.52\\ \text{J. C. Penney} &\text{JCP}& \text{Department Stores}& 1.52\\ \text{Wynn Resorts Ltd.}& \text{WYNN}& \text{Casinos and Gaming} &1.59\\ \text{Ryland Group}& \text{RYL} &\text{Homebuilding} & 1.60\\ \text{Caterpillar}& \text{CAT}& \text{Construction Machinery}& 1.62\\ \text{United States Steel}& \text{X}& \text{Steel}& 1.62\\ \text{General Motors}& \text{GM}& \text{Automobile Manufacturers} &1.66\\ \text{Netgear}& \text{NTGR}& \text{Communications Equipment}& 1.91\\ \text{Tiffany \& Co.}& \text{TIF}& \text{Apparel and Luxury Goods}& 1.92\\ \text{Autodesk}& \text{ADSK}& \text{Application\& Software}& 1.96\\ \text{Ethan Allen Interiors} &\text{ETH}& \text{Home Furnishings} &2.04\\ \text{Advanced Micro Devices}& \text{AMD}& \text{Semiconductors} &2.23\\ \text{Sotheby’s}& \text{BID} &\text{Auction Services}& 2.48\\ \end{array}} $$
finance
Apr. 2. Purchased merchandise inventory on credit terms of 3/10, n/60 from Viking Co., $2,800. 5. Issued check no. 820 to purchase equipment for cash,$3,100. 11. Purchased merchandise inventory for cash, $500, issuing check no. 821. 12. Issued check no. 822 to pay Viking Co. net amount owed from Apr. 2. 19. Purchased office supplies on account from Danvers Supplies,$300. Terms were n/EOM. 24. Purchased merchandise inventory on credit terms of net 30 from Westchester Sales, $1,200. 28. Issued check no. 823 to pay for insurance coverage, debiting Prepaid Insurance for$1,600. 29. Issued check no. 824 to pay rent for the month, $1,700. Requirements 1. Prepare headings for a purchases journal. Journalize the transactions that should be recorded in the purchases journal. The company uses the perpetual inventory system. 2. Total each column of the purchases journa
economics
The entrance fee at your local amusement park is $\$ 20$ for the day. The entrance fee includes all rides except roller coasters. Roller coasters cost an extra $\$ 2$ per ride. c. Draw a graph of the relationship between total spending on rides and the number of roller coaster rides.
algebra
Complete the table. $$ \scriptscriptstyle\begin{array}{|l|c|c|c|c|c|c|c|c|} \hline & \text { Number of } & \text { Number of } & \text { Hourly } & & \text { Labor } & \text { Materials } & & \text{Total} \\ & \text { Hours } & \text { Employees } & \text { Rate } & & \text { Charge } & \text { Charge } & & \text{} \\ \hline \text { Carpenter } & 4 & 4 & \$ 35.00 & \text { a. } & & \$ 621.90 & \text { b. } & \\ \hline \end{array} $$
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