entrepreneurship - Answer-process of recognizing opportunities for new venture creation or new value creation, deciding to exploit these opportunities, and exploiting the opportunities by the way of new venture creation or new value creation for realization of some desired value
entrepreneur - A...
MAN320F Exam 3 – UT Questions and
Answers
entrepreneurship - Answer-process of recognizing opportunities for new venture
creation or new value creation, deciding to exploit these opportunities, and exploiting
the opportunities by the way of new venture creation or new value creation for
realization of some desired value
entrepreneur - Answer-someone who organizes and operates a business or businesses
taking on greater than normal financial risks in order to do so
intraprenuer - Answer-someone working inside an existing organization who sees an
opportunity for a product or service and mobilizes the organizations resources to realize
the idea
self employment - Answer-a way of working for yourself "as a freelancer or the owner of
a business rather than for an employer"
social entreprenuership - Answer-consists of improvising systems, devising new
approaches, grasping opportunities others miss and generating solutions to change
society for the better.
Characteristics of entrepreneurs - Answer-- risk propensity
- generalized self efficacy
- need to achieve
- need for autonomy
- big 5 personality dimensions
- tolerance for ambiguity
- proactivity and work ethic
- internal locus of control
- innovative/creative ability
- positive intentions and attitudes
start up - Answer-a newly created company designed to grow fast
patents - Answer-licenses that give an inventor the exclusive right to make, use, or sell
an invention for a set period of time
Article: 6 habits of merely effective negotiators - Answer-Mistake 1: Neglecting the other
side's problems
Mistake 2: letting price bulldoze other interests
Mistake 3: letting positions drive out interests
Mistake 4: Searching too hard for common ground
Mistake 5: neglecting BATNA (best alternative to negotiated agreement)
, Mistake 6: failing to correct for skewed vision
Diversity - Answer-represents all the ways people are unlike and alike - the differences
and similarities in age, gender, race, religion, ethnicity, sexual orientation, capabilities, &
socioeconomic background
Internal Dimensions of Diversity - Answer-human differences that exert a powerful,
sustained effect throughout every stage of our lives: gender, age, ethnicity, race, sexual
orientation & physical abilities. (also known as primary dimensions of diversity)
External Dimensions of Diversity - Answer-include an element of choice: they consist of
the personal characteristics that people acquire, discard, or modify throughout their
lives: educational background, marital status, parental status, religion, income,
geographic location, work experience, recreational habits, appearance, and personal
habits (secondary dimensions of diversity b/c we have a greater ability to influence or
control them)
Organizational dimensions - Answer-include management status, union affiliation, work
location, seniority, work content, & division or department
Age trend: more older people in the workforce - Answer-"unretirement" is becoming
more common
Gender trend: more women working - Answer-the pay gap between men and women
still exist
Race & Ethnicity Trend: More people of color in the workforce - Answer-tokenism- the
practice of doing something symbolic to prevent criticism and give the
American with Disabilities Act - Answer-prohibited discrimination against people with
disabilities and requires organizations to reasonably accommodate an individuals
disabilities
Barriers to Diversity - Answer-1. stereotypes & Prejudices
2. Fear of Discrimination against Majority Group Members
3. Resistance to Diversity Program Priorities
4. A Negative Diversity Climate
5. lack of Support For Family Demands
6. A Hostile work Environment for Diverse Employees
organizational culture - Answer-set of shared, taken-for-granted implicit assumptions
that a group holds and that determines how it perceives, thinks about, and reacts to its
various environments
- helps employees understand why the organization does what it does & how it intends
to accomplish its long-term goals
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