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Guidance for Preparing for Midterm Exam 1 ENTR 120 – The Entrepreneurial Process Sections 001

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7 diapositives · 211 Views · Jul 24, 2014

Prepare for your Midterm Exam in 1ENTR 120 on March 8, 2010. This exam focuses on essay questions, so reviewing your lecture notes and key points from provided slides is essential. Key topics include understanding social entrepreneurship, the components of the entrepreneurial ecosystem, differences between small business owners and entrepreneurs, the stakeholder concept, goal-setting, and effective persuasion and negotiation techniques. Bring your own writing materials. Thorough preparation will help you articulate your understanding of these concepts.

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  1. Guidance for Preparing for Midterm Exam 1ENTR 120 – The Entrepreneurial ProcessSections 001

  2. Written exam will be on Monday, March 8, 2010 • Written Exam will be all Essay • Review your lecture notes and especially the key points identified on the following slides. • Bring your own pen/pencil and paper for the exam

  3. Social Entrepreneurship • Be able to explain the meaning of social entrepreneurship and its importance • Know the four components of social entrepreneurship and how it fits in the ecosystem • Be able to discuss how the actions associated with social entrepreneurship also apply to business entrepreneurship

  4. Creating the EnterpriseChapter 1 • Be able to describe and compare and contrast small business owners and entrepreneurs • Be able to explain the stakeholder concept and its importance to enterprisers • Be able to explain lessons for starting and doing business from the class discussion of Enterprisers 1.4: Wahoo’s Surfs Its Way to Success, pp. 19-21

  5. Creating the EnterpriseChapter 2 • Be able to explain why it is more important to understand enterpriser/entrepreneur behaviors than enterpriser/entrepreneur personality characteristics • Be able to identify and explain enterpriser/entrepreneur behaviors

  6. Creating the EnterpriseChapter 3 • Be able to explain how goal setting connects to time management • Be able to explain the importance of persuasion for an enterpriser and how to be effective in persuasion • Be able to explain what you would do in order to negotiate effectively • Be able to explain how you would network in order to support your business • Be able to explain lessons for starting and doing business from the class discussion of Theatrical Lighting Systems, pp. 78-80

  7. Creating the EnterpriseChapter 6 • Be able to explain the 4Cs for an opportunity and how you would use them to explain a business or social entrepreneurship concept • Be able to explain how experience can both support and constrain entrepreneurship