Key Terms 86

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Across
  1. 1. a plan of action designed to provide a product or service with unique attributes that are valued by consumers
  2. 6. startup ideas centered around providing customers with an existing product or service not available in their market
  3. 9. The environment that focuses on the strength, position, and likely moves and countermoves of competitors in an industry
  4. 12. A benefit that exists when a firm has a product or service that is seen by its target market as better than those of competitors
  5. 13. To refocus/recreate a startup if the initial concept turns out to be flawed
  6. 14. organizational resources that are invisible and difficult to assess
  7. 16. The broad environment, encompassing factors that influence most businesses in a society
  8. 18. A circumstance or development that alone could render a new business unsuccessful
  9. 19. New business ventures created "from scratch"
  10. 21. The self-contradictory idea that an attractive market opportunity is likely to draw multiple competitors, thereby diminishing its attractiveness
  11. 22. Capabilities that distinguish a firm competitively and reflect its focus and personality
  12. 23. An assessment that provides a concise overview of a firm's strategic situation
  13. 24. The basic inputs that ab entrepreneur can use to start and or operate a business
  14. 25. A company's routines and processes that coordinate the use of its productive assets in order to achieve desired outcomes
Down
  1. 2. a plan of action that isolates an enterprise from competitors and other market forces by targeting a restricted market segment
  2. 3. Identification of potential new products or services that may lead to promising businesses
  3. 4. organizational resources that are visible and easy to measure
  4. 5. a preliminary assessment of a business idea that gauges whether the venture envisioned is likely to succeed
  5. 7. is a facility for making desirable discoveries by accident
  6. 8. startup ideas centered around providing customers with new or improved products or services
  7. 10. Readiness to act on existing, but unnoticed, business operations
  8. 11. he environment that includes factors that directly impact a given firm and all of its competitors
  9. 15. A plan of action that requires a firm to hold down its costs so that it can compete by charging lower prices and stimulate profit
  10. 17. startup ideas involving new or relatively new technology, centered around providing customers with a new product
  11. 20. A plan of action that coordinates the resources and commitments of an organization to achieve superior performance