Term
| Profile of an entrepreneur |
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Definition
Embrace risk
Take Initiative
Self-starters
High self-esteem
See "Big Picture"
Engaged learners
Energetic |
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Term
| Success as an entrepreneur |
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Definition
Good leadership and management
Develop your employees
Remember your business plan and understand your finances
Stay flexible
Manage growth and measure success
Marketing matters
Focus on customer service
Be good community members |
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Definition
| Person or small group of people who offer money to a start-up in exchange for a stake in the business |
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| Company that seeks to earn profit through investments in start-up firms or companies that are undergoing dramatic change |
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| 35% a year paid back in 3-5 years |
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| Entrepreneur starts a company with little capital, entrepreneur attempts to found and build a company from personal finances or from the operating revenues of the new company |
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Start-up
Growth
Maturity
Decline |
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Decide to do something that will probably succeed
Reward success and punish failure
Replicate past successes
Do sound or practical things
Pay attention to bosses and peers
Keep happy people happy |
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Definition
Decide to do something that will probably fail
Reward success and failure, punish inaction
Forget past successes
Do ridiculous or impractical things
Ignore bosses and peers
Make happy people fight |
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Definition
| Employee who behaves like an entrepreneur inside his or her own or organization |
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Definition
| Process of identifying an opportunity, develop resources, assuming risks associated with starting new business |
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Definition
| Person who starts a new business |
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Term
| Ray's predictions and accomplishments |
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Definition
Wireless
Internet
3D and video applications
Invented musical synthesizer
Decreased his "age" by almost 20 years
Got rid of his diabetes |
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Term
| The future (Ray Kurzweil) |
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Definition
2020s - Computers will have equal computing power with human brain meaning computer can process information and think like an individual
2040s - Computers will have equal computing power with all human brains combined and could render human thought irrelevant |
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Term
| Information and Communication Technologies (ICT) |
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Definition
| All of the hardware and software related to electronic communication and information sharing (tools, people, interaction is what matters) |
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Term
| Socio technical systems theory |
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Definition
| Theory that examines both social and technical characteristics of tasks an how work is organized, focusing on interaction between people (social) and technologies |
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Term
| Example of working in virtual world |
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Definition
| Joseph Spagnoletti - Campbell's Soup CIO (leadership, change management) |
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Term
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Definition
Ring Central
Maxhire (CRM and applicant tracking)
Dictation service
Shared exchange server
Go to meeting
Wireless
IM
Skype |
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Term
| Information and Communications Technologies (ICTs) effects |
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Definition
Job migration
Global logistics reduced need for products to be made "close to home"
ICTs have greatly weakened labor unions |
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Term
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Definition
| Global system of interlinked, hypertext documents contained within an electronic network that connects computers and computer networks around the world |
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Definition
| Internal company network that is usually accessible only to employees |
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Term
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Definition
| Computer network designed for an organization to communicate in a secure environment with certain external stakeholders, such as customers |
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Term
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Definition
| Hosted services offered via the Internet that are available on demand, are highly flexible in terms of amount of service users have access to, fully managed by provider |
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Term
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Definition
Use to share information with shareholders, financial analysts and stakeholders
Communicate with current customers
Prospect for new customers
Stay in touch with past colleagues
Meet new colleagues and build relationships (especially through groups or current connection introductions)
Wall Street Journal talks about Linked In as great way to find new customers |
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Term
| Virtual Team Effectiveness |
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Definition
Explicit and detailed communications about roles & relationships and how to use ICTs
Agreement on team norms
Agreement on which ICTs to use
Agreement on how to manage information sharing and storage
Clarity regarding members' responsibilities and communication to the team
Establishment of clear work processes
Shared, explicit understanding of problems and challenges |
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Term
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Definition
Doing business while at the shore
24/7 real time capability
Ability to be "big" when you are "small"
Telecommuting
Visual and verbal communication
Sharing capabilities |
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Term
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Definition
Doing business while at the shore, harder to build high performing teams
24/7 real time capability
Ability to have all activity "tracked" and monitored
Reply to All by mistake
Let emotions show in communications |
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Term
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Definition
| Series of research projects demonstrating that when workers perceived that management cared about them and/or when they felt they were getting special treatment, both morale and productivity improve, management caring = improved productivity |
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Term
| Bureaucratic control system |
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Definition
| Control process that use specific rules, standards, and hierarchical authority to achieve planned and desired organizational outcomes |
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Definition
| Levels, policies, approvals, consistency |
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Term
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Definition
Values
Systems of motivation and improvement
Keep people from cheating, stealing & short cuts |
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Term
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Definition
| In a study on employee theft in 22 large department stores in shopping malls, the company with the lowest shortages had established a climate of honesty characterized by a well defined code of ethics and a well understood set of organizational values |
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Term
| Systems of motivation and improvement |
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Definition
Establishing standards
TQM - eliminates deficiencies & variation
Six Sigma - reduce costs or improve profits
Lean - Maximize efficiency & reduce waste
CRM
Balanced Scorecard
Performance Management |
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Term
| Keep people from cheating, stealing, & short cuts |
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Definition
SOX - Sarbanes Oxley
Audits
Policies
Levels of Approval (sign off authority) |
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Term
| Sarbanes-Oxley Act of 2002 |
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Definition
| Formally known as Public Company Accounting Reform and Investor Protection Act, sets new or enhanced standards for publicly traded companies' boards, managers, and public accounting firms |
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Term
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Definition
| Formal review to make sure that certain processes have been fully and accurately managed and reported |
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Term
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Definition
Global trade
Global investment
Global finance and debt |
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Term
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Definition
World trade organization
European Union
North American Free Trade Agreement
Central America Free Trade Agreement
South American Trade Alliances
Asian Trade Alliances
OPEC |
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Term
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Definition
G20 - 20 major economies
International Monetary Fund - promotes international currency stability and lending
World Bank - supplies capital to underdeveloped countries
World Economic Forum - Brings together business, political, social and intellectual leaders from around the world |
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Term
| Global Legal and organizational design |
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Definition
Cooperative contracts
Licensing
Franchising
Strategic alliances
Wholly owned affiliates
Global new ventures |
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Term
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Definition
| Two or more organizations pool their needs and place single order with a vendor for purchase of goods or services |
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Term
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Definition
| Business agreement in which owner of trademarked or otherwise branded material authorizes an individual or company to use that material to sell or market products or services in exchange for a fee |
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Term
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Definition
| Owner of a business grants an individual or group of individuals the right to sell or market products or services under that business name in exchange for fee |
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Definition
| Two companies temporarily team up for their mutual benefit in creating or distributing products or services |
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Definition
| Companies controlled by another company |
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| Start up companies that open globally before firmly establishing a domestic presence |
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Definition
| Companies subcontract specific jobs or work functions to non-employees or other companies |
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Term
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Definition
US – 14.44 Trillion
China – 4.7 Trillion
Russia – 1.6 Trillion
Brazil – 1.5 Trillion
India – 1.2 Trillion |
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Term
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Definition
China – 1.4 Billion **
India – 1.1 Billion **
US – 307 Million
Brazil – 198 Million
Russia – 140 Million |
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Term
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Definition
British Pound
Italian Lira
Spainish Pesata
Japanese Yen
Chinese Renminbi
Indian Rupee |
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Term
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Definition
UK – + 5 Hours
China – + 12 hours
Australia – + 14 hours
Chicago – minus 1 hour
LA – Minus 3 hours |
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Term
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Definition
Legal
Politics
Currency translation
Market opportunities |
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Term
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Definition
Red eye
Euro travel
Airline networking |
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Term
| Doing business with china advantages |
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Definition
Population
Growing Middle Class
Wages and Benefits
Low Health Care Costs |
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Term
| Doing business with china disadvantages |
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Definition
Human Rights Violations
One-child Policy
Pollution
Software Piracy
Safety Issues |
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Term
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Definition
| Global flow of money, products, information, services, and expertise |
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Term
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Definition
| Process of meeting present needs without compromising ability of future generations to meet their needs |
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Term
| Sustainability three drivers |
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Definition
Climate change and global warming
Business ethics and social responsibility
Worldwide economic crisis |
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Term
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Definition
HP - reduced greenhouse gas
Dell - HQ fueled by 100% renewable energy
Johnson & Johnson - Largest fleet of hybrid vehicles
Intel - Largest corporate purchaser of renewable energy
IBM - EPAs Climate Protection Awards |
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Term
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Definition
Best place to work
Incidents and injuries
Indemnities and lost time
Light duty and back to work programs
Leading indicators versus lagging indicators
Safety teams
Safety led by General Management |
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Term
| Corporate & Social Responsibility (CSR) |
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Definition
| Form of corporate self-regulation that builds sustainability and public interest into business decision making activities |
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Term
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Definition
| Little to no attention to CSR |
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Term
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Definition
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Definition
| Works to be better than required |
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Term
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Definition
| Actively engaged in leading CSR |
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Term
Which is not a component of Transformational Leadership:
Inspirational influence
Idealized Influence
Intellectual Stimulation
Individualized Consideration |
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Definition
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Term
| Process of identifying an opportunity, developing resources, and assuming risks associated with starting new business |
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Definition
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Term
Which is not a tip for building constructive and accountable trust in virtual teams?
Advocate for the team or individual members
Actively engage in virtual brainstorming
Organize extra virtual meetings to get to know each other and discuss issues
Do not engage in casual conversation |
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Definition
| Do not engage in casual conversation |
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Term
| Quality control philosophy that supports the elimination of deficiencies and removes variation n output quality through employee involvement in decision making and continuous improvement |
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Definition
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Term
| Based on the book which country has the largest population? |
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Definition
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Term
| Supply and demand of money on a worldwide stage is called... |
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Definition
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Term
Which is not a step of Tuckman's model of Team Development?
Storming
Departing
Forming
Performing |
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Definition
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Term
| ON TEST: A thought process that relies on generation of many ideas, random connections, observations, and interpretations |
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Definition
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Term
| ON TEST: Group that is given high degree of autonomy and is unhampered by bureaucracy |
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Definition
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Term
| ON TEST: What are the four risks of doing business globally according to the slides? |
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Definition
Legal
Politics
Currency Translation
Market Opportunities |
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Term
| ON TEST: What unique flavors of soda did Jones soda have? |
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Definition
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