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MGMT 466 - Ch 13
Strategic Entrepreneurship
16
Management
Undergraduate 4
12/12/2009

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Cards

Term
strategic entrepreneurship
Definition
__ is taking entrepreneurial actions using a strategic perspective
Term
corporate entrepreneurship
Definition
__ is the use or application of entrepreneurship within an established firm
Term
entrepreneurship
Definition
__ is the process by which individuals or groups identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control
Term
entrepreneurial opportunities
Definition
__ are conditions in which new goods or services can satisfy a need in the market
Term
invention
Definition
__ is the act of creating or developing a new product or process
Term
innovation
Definition
_ is the process of creating a commercial product form an invention
Term
imitation
Definition
__ is the adoption of a similar innovation by different firms
Term
entrepreneurs
Definition
__ are individuals, acting independently or as part of an organization, who see an entrepreneurial opportunity and then take risks to develop an innovation to exploit it
Term
entrepreneurial mindset
Definition
the person with a __ values uncertainty in the marketplace and seeks to continuously identify opportunities with the potential to lead to important innovations
Term
international entrepreneurship
Definition
__ is a process in which firms creatively discover and exploit opportunities that are outside their domestic markets in order to develop a competitive advantage
Term
incremental innovation
Definition
a __ is one that builds on existing knowledge bases and provides small improvements in the current product lines
Term
radical innovations
Definition
__ are those that usually provide significant technological breakthroughs and create new knowledge
Term
internal corporate venturing
Definition
__ is the set of activities firms use to develop internal inventions and especially innovations
Term
product champion
Definition
a __ is an organizational member with an entrepreneurial vision of a new good or service who seeks to create support for its commercialization
Term
autonomous strategic behavior
Definition
__ is a bottom-up process in which product champions pursue new ideas, often through a political process, by means of which they develop and coordinate the commercialization of a new good or service until it achieves success in the marketplace
Term
induced strategic behavior
Definition
__ is a top-down process whereby the firm's current strategy and structure foster innovations that are closely associated with that strategy and structure
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