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Definition
vital to ones success
everyone's perception of you |
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Definition
hard to change.
made in 1/10 of a second
authentic
no 2nd chance |
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| Negative Co-Worker Traits |
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Definition
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| Positive Co-Worker Traits |
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Definition
creative
problem-solver
results oriented |
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Definition
Legible, dont list, undergrads lead with GPA, no personal data
DONT: birthday, nationality, marital status |
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Definition
Klout score - higher score is more influence
Klout shows the potential for influence |
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Term
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Definition
| can influence employment decisions |
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Term
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Definition
show why you are the best person for the scenario
Steps: 1Situation, 2Action, 3Results |
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Definition
2 way street
getting people right is very important
Influence is important because workplaces are team based |
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Definition
360 degree influence in work, managers
all aspects of company relate to each other |
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Definition
leader - influence industry, stockholders, overall
Manager - influence business unit of company and employees |
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Definition
wide range of concerns we have like health, children, problems at work
Dont have control |
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Definition
concerns we have control over
be a voice in the industry and or community |
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Term
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Definition
manager and employees compete for resources
Influence in general is more effective than formal power |
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Term
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Definition
managers need to control emotion
understand cause and effect of words |
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| Miscommunications (managing) |
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Definition
aviod them by:
setting expectations, multitasking, be specific, admit wrongfulness |
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Term
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Definition
starter
finisher
mechanic
scientist |
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Term
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Definition
collaborative
authoritative
dictator
micro-manager |
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Term
| Juggernaut in the Business World |
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Definition
RentTheRunway.com
rent high end accessories for low amount |
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Term
| Entrepreneurial Characteristics |
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Definition
vision - idea how to make idea successful
high energy level - willingness to work hard
need to achieve
self-confidence
tolerance for failure
creativity
SOCIALLY AWAYRE |
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Term
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Definition
process of pursuing opportunity
people choose it: dissatisfaction with work, ideas, want TBL, own boss |
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Term
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Definition
employees who work in an entrepreneurial way within the organizational environment
Google, 3m, Whirpool |
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Term
| Sustainable Entrepreneurs |
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Definition
| rise of information technology, education, globalization, and demographic and economic trends |
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Term
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Definition
one time, life changing idea
mark zuckerberg |
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Term
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Definition
| engage in multiple startup ideas and take them into various markets |
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Term
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Definition
| see that in order to solve some of societies significant problems, they believe that the discipline of business is a major tool to actually success in solvimg some of societies problems |
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Definition
Innovative - two step process. Invention, Commercializing
Replicative - open new business using tried and true business models in new areas |
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Term
| Selecting a Business Idea |
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Definition
Find something you love to do and are good at doing
idea must have interest in the market place |
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Term
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Definition
forces you to grapple with the tough questions
stay focused on key objectives
2 key functions - outlines companies goals, organizes the business |
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Term
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Definition
Debt financing - carried on books and included in statements
equity financing - act of raising money for company by selling stock
Angel investors - investing for cash. 0% of company |
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Definition
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| Key Reasons Small Business Fail |
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Definition
cash flow problems
cant handle rapid growth
bad manager
failure to adapt |
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Term
| What is Driving Entrepreneurship? |
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Definition
Education. 100 colleges offer major
Information Technology
Demographics and Economic Trend - hispanic largest ethnic group. aging population |
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Term
| Government Support for New Ventured Grows with Sustainability |
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Definition
Business incubators
enterprise zones
government legislation |
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Term
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Definition
Federal National Mortgage Association
Implemented after bank failures in 1938 |
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Term
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Definition
after depression
a lot of low interest mortgages
trying to stop inflation but interest rates soared |
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Term
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Definition
adress mismatch with interest rates and banks
goal = secondary market in mortgages
High risk, high reward |
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Term
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Definition
first giving low interest
now making interest rates higher
ultimately lost money |
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Term
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Definition
| interaction and integration among people, companies and gonverments nationally driven by trade and investment |
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Term
| Globalization of consumption |
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Definition
| nation where product is made becomes independent of the nationality of consumer |
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Term
| Globalization of Production |
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Definition
| nationality of owner and controller is independent of the nation housing them |
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Term
| Drivers of the 9st Century Globalization |
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Definition
| farther, faster, cheaper, deeper |
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Term
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Definition
Industrialized world is getting older
World of Women - increasing women working, affecting stability of nuclear family |
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Term
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Definition
Increase in cultural diversity
Income of family increase
size of house increase |
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Term
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Definition
Gross domestic production
total expenditures for all goods and services
USA is almost twice as large |
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Term
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Definition
| growth rate is larger than economic growth |
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Term
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Definition
new age of creativity
internet
uploading
outsourcing
off-shoring
supply chaining
in forming
bilingual |
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Term
| Characteristics of Flat World |
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Definition
interdependence
stronger innovation
faster prototyping
increase in rules to make sure everything is smooth |
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Term
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Definition
believe in their mission
deeply committed
set tone |
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Definition
sustain commitment
unbridled self-interest |
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Term
| What to do with a Failing Company |
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Definition
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Term
| What is Entrepreneurship? |
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Definition
| people that spot and and did their business |
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Term
| Entrepreneurs jobs have grown because? |
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Definition
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