Limited time offer 20% OFF StudySoup Subscription details

Syracuse - EEE 370 - Midterm Study Guide EEE 370 - Study Guide

Created by: Harry Cavedon Elite Notetaker

> > > > Syracuse - EEE 370 - Midterm Study Guide EEE 370 - Study Guide

Syracuse - EEE 370 - Midterm Study Guide EEE 370 - Study Guide

School: Syracuse University
Department: Entrepreneurship
Course: Intro To Entrepreneurial
Professor: El-Java Abdul-Qadir
Term: Fall 2018
Tags:
Name: Midterm Study Guide EEE 370
Description: These are all the bullet points that Professor Ranucci will cover in the exam
Uploaded: 10/17/2018
This preview shows pages 1 - 2 of a 6 page document. to view the rest of the content
background image STUDY GUIDE EEE 370 - MIDTERM WEEK 1 - The Entrepreneur is a risk taker
- What makes a business: a paying customer
- Two elements for Entrepreneurship to exist: Individual, Business 
opportunity - Entrepreneurship: The process of creating value by bringing together a  unique combination of resources to exploit an opportunity  - Process can be learned, taught, repeated and measured
- Create value where there was none before
- Unique combination: new products, new technology, new resources
- Opportunity has potential to generate value and makes the people 
want to buy it - SIX STAGES OF THE ENTREPENURIAL PROCESS:  o Identify an opportunity
o Build a business model
o Assess the necessary resources
o Acquire the necessary resources 
o Implement
o Harvest and manage 
- Types of startup: o Survival business
o Lifestyle firm
o Managed growth venture
o High growth potential venture 
o Gazelle
- Dimension of Entrepreneurial Intensity  o Innovativeness
o Risk-taking
o Proactiveness
WEEK 2 - Entrepreneurial Intensity o Environmental infrastructure (if they were high levels of  Entrepreneurship) 1. Economic – Free enterprise
2. Political – Democracy
3. Legal – Limited liability
4. Financial - Decentralized
5. Logistical – Well developed
6. Social - Individualistic
o Environmental Turbulence (if they were high levels of  Entrepreneurship)
background image 1. Technological – Rapidly changing
2. Economic – Widely changing 
3. Customer – Heterogeneous 
4. Competitor - Threatening
5. Legal - Aggressive
6. Resource - Unpredictable
7. Social – Experimental
o Life experiences (if they were high levels of entrepreneurship)  1. Family experience - Authoritarian
2. Educational Experience - Creative
3. Peer group experience - Bold
4. Work Experience – Unsatisfactory
- The Laffer curve: The government can make a profit by increasing tax  to it’s revenue maximizing point. If the tax is increased to much than 
the revenue will go down as a result of people refusing to pay that high
amount. 
- Quality of life – Functional and Disfunctional o Economic 
o Health 
o Social 
o Technological
o Work 
o Institutional 
o Ecological
WEEK 3  What makes a business? - A buying customer – Someone who’s willing to buy your product or  service Morris - Entrepreneurship is a bottom up process meaning that it all starts from the individual and from there it gets bigger. - It doesn’t start from the government policy or corporate strategy The entrepreneur is the one who takes responsibility for a profit 
seeking business venture
Characteristics: - Achievement motivator – A doer instead of just a dreamer
- Internal locus of control – Faith in overcoming everything that gets in 
your way. This can be both considered as a pro as well as a con.  - Calculated risk taking – mitigate risk, understand the amount to invest  and the amount needed to get out.  - Tolerance for ambiguity – There the business world there is no right or  wrong answer, there is just risking and trying. 

This is the end of the preview. Please to view the rest of the content
Join more than 18,000+ college students at Syracuse University who use StudySoup to get ahead
6 Pages 206 Views 164 Unlocks
  • Better Grades Guarantee
  • 24/7 Homework help
  • Notes, Study Guides, Flashcards + More!
Join more than 18,000+ college students at Syracuse University who use StudySoup to get ahead
School: Syracuse University
Department: Entrepreneurship
Course: Intro To Entrepreneurial
Professor: El-Java Abdul-Qadir
Term: Fall 2018
Tags:
Name: Midterm Study Guide EEE 370
Description: These are all the bullet points that Professor Ranucci will cover in the exam
Uploaded: 10/17/2018
6 Pages 206 Views 164 Unlocks
  • Better Grades Guarantee
  • 24/7 Homework help
  • Notes, Study Guides, Flashcards + More!
Join StudySoup for FREE
Get Full Access to Syracuse - Study Guide - Midterm
Join with Email
Already have an account? Login here
×
Log in to StudySoup
Get Full Access to Syracuse - Study Guide - Midterm

Forgot password? Reset password here

Reset your password

I don't want to reset my password

Need help? Contact support

Need an Account? Is not associated with an account
Sign up
We're here to help

Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or support@studysoup.com

Got it, thanks!
Password Reset Request Sent An email has been sent to the email address associated to your account. Follow the link in the email to reset your password. If you're having trouble finding our email please check your spam folder
Got it, thanks!
Already have an Account? Is already in use
Log in
Incorrect Password The password used to log in with this account is incorrect
Try Again

Forgot password? Reset it here