Term
|
Definition
viable opportunity
available resources
qualified and motivated founding team |
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|
Term
| Viable opportunity must be |
|
Definition
attractive
achievable
durable
value-creating |
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|
Term
| Types of available resources |
|
Definition
financial
human
social
government |
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|
Term
| types of financial resources |
|
Definition
crowdfunding
bank financing
angel investors
venture capitalists |
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Term
|
Definition
| funding a venture by pooling small investments from a large number of investors |
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Term
|
Definition
| private investors who provide equity investments for seed capital during the early stages of investment |
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Term
|
Definition
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|
Term
| entrepreneurial leadership |
|
Definition
vision
dedication and drive
commitment to excellence |
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Term
|
Definition
quickly generate cash flow
build credibility
attract good employees
overcome the liability of newness |
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Term
|
Definition
new ways to solve old problem
meets customers needs in a new way |
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Term
|
Definition
have strong market orientation
capitalizing on market success
same product or service in another market segment |
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Term
|
Definition
capitalizes on current market trends
offers a product or a service that is somewhat new and sufficiently different
creates new value |
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Term
|
Definition
overall cost leadership
differentiation
focus |
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|
Term
| Pursuing combination strategies |
|
Definition
combine best features of low cost, differentiation, and focus
simple structure limits costs
high value products through flexibility and innovation |
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Term
|
Definition
improve market position
capitalize on growing product
expand capacity |
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Term
|
Definition
devastating rivals profit sanctuary
plagiarizing with pride
deceiving the competition
raising competitors costs |
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Term
|
Definition
an assessment of
market commonality
resource similarity |
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|
Term
|
Definition
| the extent to which competitors are vying for the same customers in the same markets |
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Term
|
Definition
| the extent to which rivals draw from the same types of strategic resources |
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|
Term
|
Definition
entering new markets
new product introductions
changing product capacity
mergers/allainces |
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|
Term
|
Definition
price cutting
product and service enhancements
increased marketing efforts
new channel distribution |
|
|
Term
| entrepreneurial strategies |
|
Definition
threaten existing competitors
change competitive dynamics |
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