100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Discovery and Creation Theories in Entrepreneurship Exam Questions and Correct Answers Latest Update 2024 (Graded A+) $7.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Discovery And Creation Theories In Entrepreneurshi
  4.  
  5. Discovery and Creation Theories in Entrepreneurshi

Exam (elaborations)

Discovery and Creation Theories in Entrepreneurship Exam Questions and Correct Answers Latest Update 2024 (Graded A+)
 7 views  0 purchase
  • Course
  • Discovery and Creation Theories in Entrepreneurshi
  • Institution
  • Discovery And Creation Theories In Entrepreneurshi

Discovery and Creation Theories in Entrepreneurship Exam Questions and Correct Answers Latest Update 2024 (Graded A+) Discovery Theory - Answers Opportunities exist independently, waiting to be discovered. Creation Theory - Answers Opportunities are formed through entrepreneurial actions. Entrep...

[Show more]

Preview 2 out of 11  pages

Document information

  • November 28, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • discovery and creation theories in entrepreneursh

Written for

  • Discovery and Creation Theories in Entrepreneurshi
  • Discovery and Creation Theories in Entrepreneurshi

Seller

avatar-seller
TutorJosh

Reviews received

Content preview

Discovery and Creation Theories in Entrepreneurship Exam Questions and Correct Answers Latest
Update 2024 (Graded A+)

Discovery Theory - Answers Opportunities exist independently, waiting to be discovered.

Creation Theory - Answers Opportunities are formed through entrepreneurial actions.

Entrepreneurial Action - Answers Activities taken to form and exploit opportunities.

Teleological Theories - Answers Theories explaining actions based on objectives and context.

Objective Phenomena - Answers Opportunities exist as tangible entities in the market.

Competitive Opportunities - Answers Market imperfections that entrepreneurs can exploit.

Economic Profits - Answers Financial gains from successfully exploiting opportunities.

Iterative Learning Process - Answers Continuous learning leading to opportunity formation.

Business Plan Development - Answers Creating plans based on formed opportunities.

Data Collection Techniques - Answers Methods used to gather information on opportunities.

Opportunity Exploitation - Answers Acting on discovered opportunities for profit.

Assumptions of Teleological Theories - Answers Critical beliefs about objectives, individuals, and context.

Human Objectives - Answers Goals that guide entrepreneurial actions.

Decision Making Context - Answers Environment influencing individual choices and actions.

Empirical Content - Answers Real-world applicability of theories in practice.

Mountain Climbing Metaphor - Answers Represents the discovery approach to entrepreneurship.

Mountain Building Metaphor - Answers Represents the creation approach to entrepreneurship.

Opportunity Formation - Answers Process of creating viable business opportunities.

Strategic Management - Answers Field focused on long-term organizational success.

Entrepreneurial Processes - Answers Series of actions leading to opportunity exploitation.

Competitive Advantage - Answers Edge gained by successfully exploiting opportunities.

Market Imperfections - Answers Flaws in the market that create opportunities.

Fame and Fortune - Answers Recognition and wealth from successful entrepreneurship.

Ambitious Entrepreneurs - Answers Individuals driven to discover and exploit opportunities.

, Rigorous Planning - Answers Detailed preparation that may mislead early-stage entrepreneurs.

First-Mover Advantage - Answers Benefits gained by being the first to exploit an opportunity.

Evolutionary Theory - Answers Explains entrepreneurial actions without product creation focus.

Exogenous Shocks - Answers External events that create market opportunities.

Competitive Imperfections - Answers Market flaws allowing for entrepreneurial opportunities.

Risky Decision Context - Answers Sufficient information available to anticipate outcomes.

Uncertain Decision Context - Answers Insufficient information to predict outcomes or probabilities.

Opportunity Recognition - Answers Identifying unmet demand and matching with products.

Agency to Opportunity - Answers Entrepreneurs exploit opportunities, bringing them to life.

Search Process - Answers Systematic scanning for opportunities in the environment.

Local Search - Answers Searching for modest opportunities in a limited area.

Global Search - Answers Searching for substantial opportunities across broader contexts.

Alertness - Answers Entrepreneurs' ability to recognize and exploit opportunities.

Cognitive Differences - Answers Variations in thinking affecting opportunity recognition.

Information Asymmetries - Answers Differences in access to information impacting decisions.

Risk Preferences - Answers Individual attitudes toward risk influencing entrepreneurial actions.

Realist Philosophy - Answers Belief that opportunities exist as objective phenomena.

Motivation Theory - Answers Explains behavior based on fulfilling individual needs.

Herzberg's Theory - Answers Focuses on factors influencing job satisfaction and motivation.

Maslow's Hierarchy - Answers Motivation based on fulfilling a hierarchy of needs.

Market Equilibrium - Answers State where supply equals demand in a market.

Entrepreneurial Objectives - Answers Goals of entrepreneurs to form and exploit opportunities.

Technological Changes - Answers Advancements that disrupt competitive market conditions.

Political Changes - Answers Government actions affecting market opportunities.

Demographic Changes - Answers Shifts in population characteristics impacting market dynamics.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorJosh. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50843 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
Add to cart
Added