Midterm Review - Entrepreneurship I

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Across
  1. 4. Comparisons, similarities, like metaphors or similes, or even slogans or taglines, used to compare something your audience might not yet understand, to something they already understand.
  2. 7. A natural ability to know what to do in certain situations.
  3. 8. Pitch A short description of your idea that explains your business venture in a way that your listener could understand it in a short period of time.
  4. 11. The ability to adapt and adjust to changes as they occur
  5. 13. Determining whether you and your team have the traits and skills it takes to be successful in a venture, and analyzing your strengths and weaknesses.
  6. 16. A company follows the lead of the first-movers, learning from their mistakes and from customers’ reactions, and offers something better.
  7. 17. The process by which businesses and other organizations start operating on an international scale.
  8. 18. An obstacle, barrier, or problem that might get in the way of the desired objective or goal.
Down
  1. 1. Used for promoting a product's features, benefits, and/or distinguishing characteristics - the product could range from a consumer product to a political candidate.
  2. 2. Gained by being the first significant player or occupant in a certain market segment, allowing it to gain market share first.
  3. 3. A type of discovery that occurs when an observation is made based on specific knowledge of time, place, or circumstance.
  4. 5. An approach that believes that success starts with the customer, and the organization views themselves from the customer’s perspective.
  5. 6. A type of discovery that is the process or product of successful inquiry and investigation of natural phenomena.
  6. 7. Freedom to choose tasks, think and act on your own, and to operate autonomously to complete tasks without the direction of others
  7. 9. Plan A roadmap of the business’s objectives, and the strategy and details of how those objectives will be achieved.
  8. 10. Engineering Process used to examine a product in detail to determine how it works, in order to produce something similar.
  9. 12. An approach that believes success comes from the inner strengths and capabilities of the organization.
  10. 14. A type of discovery that is the process of systematically scanning for technological, political, regulatory, social, and demographic changes to discover opportunities to produce new goods and services.
  11. 15. Used to describe the essence of what the company is and/or does in just several words.