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| Perceiving and thinking about an experience is |
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| Otto didnt just think about why his plan didnt work, he actually fixed it. Otto was exhibiting |
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| I just know this new business is going to work, gushed Leyla. I cant think of anything else Id rather be doing. Leyla is exhibiting |
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| Ally was great at finding ways to maximize her profits and always jumped right into executing them. Ally was showing a strong |
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| Ryan was extremely cautious with his companys money, always examining each opportunity with extreme care and never acting upon it unless he was 100% sure. Ryan is showing strong |
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| Someone who has developed a long range plan for every aspect of his/her business is a |
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| Those who prefer to develop a plan for just the most important aspects of the business are |
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| If you are a(n) ______________ you dont worry so much about a plan but concentrate on achieving goals instead. |
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| are more likely to wait until something happens and then plan how to take care of it. |
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| Bryce had operated his business for so long, he had established quite the routine and didnt feel he needed to worry too much about tomorrow. Bryce is likely a(n) |
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| Successful entrepreneurs repeatedly show specific types of business related expertise also know as a (n) |
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| Industry Specific Knowledge |
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| knowledge about the specific type of business, the skills and market knowledge needed for this business, as well as the ability to spot opportunities in the field is |
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| Having the place to operate your business and the raw materials and support people necessary are examples of |
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| Determination Competencies |
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| this includes such things as the business being your only focus and being willing to act upon it. |
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| If you have found a distinctive idea thats hard to copy and likely to make money, you would have |
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| Fundamental activities such as accounting, finance and human resources are |
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| If a firm meets or exceeds standard business practices, it is said to show |
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| Standard Business Practices |
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| those activities that have been widely adopted within an industry and which become the standard for the industry. |
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| Expert Business Professionalism |
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| a business that operates according to standard business practices in all the major functions of the business. |
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| Specialized Business Professionalism |
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| If a founder is passionate about one or two of the key business functions and these receive the bulk of his time and effort, the firm exhibits |
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| Minimalized Business Professionalism |
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| If the entrepreneur conducts business practices in the simplest and most relaxed way, he is operating under |
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| A business where the parents and children all hold the major roles is a |
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| When the employee is also your husband, what you would do as a boss often is different than what you would do as a wife; this is known as |
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| is the intergenerational transfer of a business. |
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| Governments and large companies often reserve a certain portion of funds for minority or women-owned businesses called |
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| to have access to reserved funds a woman or minority owned firm must be able to prove that they are woman or minority owned. This can be done through |
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| a person who undertakes an entrepreneurial role after the age of 50 is known as |
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| Organizing your tasks as to make the most efficient use of the day is |
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