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ENTREP MIDTERMS

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ENTREP MIDTERMS

HAHAA yko n

Marguerite Ranielle Ramos
1

goods buyers transform services merchandise movement onvert source flow support supplier consumers

A supply chain describes the of and from its to the end - users ( ) and involve the processes that raw materials into final products or services .

2

features aspects affects influences requirements necessities determines decides

The supply chain the different of a business and the that will successfully sustain the flo w

3

successfully science effectively art skill competently discipline efficiently

management is the and of performing and different functions and processes .

4

stability stability synthesis maintains combination all entire growth growth sustains

Strategic management is the effective of functional areas that the and of an enterpris e

5

Operations Financial

The Four Core Functional Areas of Management

H - Human Resources Management
M - Marketing Management
F - Management
O - Managemen t

6

Planning Organizing Controllin Leading

Functions / Processes of Management

P -
O -
L -
C -

7

global changing evolving worldwide reexamine reassess recognized established

The Thrust for Corporate Entrepreneurship

The economy is profoundly compelling large enterprises to their purpos e

8

contradictory incompatible exclusive mutually

Earlier research concluded that entrepreneurship and bureaucracies were .

9

Ideas authority Innovation commitment dedication creativity power concepts

come from people . is the capability of many . That capability is utilized when people give to the missions and life of the enterprise and are given the to do something about their capabilities .

10

improvements status independent Venture image obsolete brightest innovations changes large

The need for corporate entrepreneurship and innovation has arisen as a result of :

1 . In contrast to previous decades , and , and are now very common in the marketplace . Thus , corporations must either innovate or become .

2 . Losing the people to entrepreneurship . This is due to the following developments :

a . The and of being an independent entrepreneur , appealing to both young and seasoned employees .
b . capital has grown into a industry , along with healthy capita ; funding markets , enabling more entrepreneurs to launch their ideas .

11

joint discretionary joint ample unnecessary superfluous intrinsici internal

Example programs that support innovation and venture development .

1 . Reduce bureaucracy , and encourage communication across departments and functions

2 . Use " venture capital " and special project budgets ( " intracapital " ) . Allow time for projects .

3 . Encourage projects and ventures among divisions , department and companies . Allow and encourage employees to discuss and brainstorm new ideas .

12

sell product provide service produce purpose of people group

A working together towards an agreed , utilizing different resources ( financial , physical , suppliers , etc . ) to , and then or either a or a for the local ( or global ) population to consume .

13

services achievers new workforce conducive grow development climate high competitive expand products maintain best

- Advantages of Fostering a Corporate Entrepreneurship Philosophy within an Organization -

1 . It leads to the of and that will help the organization to and .
2 . It creates a that helps the enterprise its posture
3 . It promotes a to which helps the enterprise motivate and keep its peopl e

14

value new needs combining value Capitalism change

is a process of creating by resources in ways
intended primarily to explore and exploit opportunities to create social by stimulating social or meeting social .