INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Young entrepreneurs
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Immigrant entrepreneurs
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Copreneurs
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Corporate castoffs/dropouts
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Detailed explanation-1: -"Corporate dropouts” are middle managers who are laid off from large corporations and decide to start their own businesses rather than return to a corporate job.
Detailed explanation-2: -Corporate entrepreneurship is one that generates and exploits new technologies, products, or businesses under the corporate umbrella of an established firm. Corporate entrepreneurship can speed up processes inside the company and helps to invent and commercialize innovative products or services.
Detailed explanation-3: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)