Class Preparation and Personal Study

To help you prepare for class, perform the activities outlined in this section. Performing these activities will help you significantly enhance your classroom performance.

Reflecting on Target Skill

On page 466, this appendix opens by presenting a target management skill along with a list of related objectives outlining knowledge and understanding that you should aim to acquire related to that skill. Review this target skill and the list of objectives to make sure that you’ve acquired all pertinent information within the appendix. If you do not feel that you’ve reached a particular objective(s), study related appendix coverage until you do.

Know Key Terms

Understanding the following key terms is critical to your understanding of appendix material. Define each of these terms. Refer to the page(s) referenced after a term to check your definition or to gain further insight regarding the term.

  1. entrepreneurship 468

  2. entrepreneurial opportunity 468

  3. entrepreneur 468

  4. entrepreneurial alertness 470

  5. information asymmetry 470

  6. social network 470

  7. feasibility analysis 471

  8. entrepreneurial risk 471

  9. downside loss 471

  10. law of small numbers 472

  11. illusion of control 472

  12. exploitation 472

  13. angel investors 473

  14. venture capitalists 473

  15. bank financing 474

  16. corporate entrepreneurship 474

  17. sustained regeneration 475

  18. organizational rejuvenation 475

  19. strategic renewal 475

  20. domain definition 475

  21. commercial entrepreneurship 475

  22. social entrepreneurship 475

  23. social value 475

Know How Management Concepts Relate

This section comprises activities that will further sharpen your understanding of management concepts. Answer these essay questions as completely as possible.

  1. A2-1. Describe the differences between opportunity identification and opportunity exploitation.

  2. A2-2. Describe the main components of social entrepreneurship, and describe how social entrepreneurship differs from commercial entrepreneurship.

  3. A2-3. Describe the different types of corporate entrepreneurship and provide examples of each.

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