ENTREPRENEURIAL OPPORTUNITIES

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Created by
Lorenz David

Cards (2)

  • Those situations in which new goods, services, raw materials, and organizing methods can be introduced and sold at greater than their cost of production
  • ▪ ENTREPRENEURIAL RESOURCE The ability to obtain, and then recombine, resources into a bundle that is valuable, rare, and inimitable.
    ▪ MARKET KNOWLEDGE Possession of information, technology, know-how, and skills that provide insight into a market and its customers.
    ▪ TECHNOLOGICAL KNOWLEDGE Possession of information, technology, know-how, and skills that provide insight into ways to create new knowledge.
    ▪ CREATIVE PROBLEM-SOLVING A method for obtaining new ideas focusing
    on the Parameters.