Entrepreneurship

3. Firms Businesses that provide income levels similar to what the owner could earn in a job.
6. for their Business Intense enthusiasm and dedication towards their entrepreneurial venture.
8. Entrepreneurship Innovation and new venture creation within an existing organization.
10. Destruction The process where new innovations replace outdated industries and practices.
12. The introduction of something new, like an idea, method, or device.
13. The process of designing, launching, and running a new business.
14. Intelligence The ability to effectively implement strategies and achieve operational goals.

1. Firms Small businesses primarily focused on providing a specific income for the owners.
2. Intensity The degree to which a firm engages in innovation, risk-taking, and proactiveness.
4. Plan A formal document detailing a business's goals, strategies, and operations.
5. Model A plan outlining how a company creates, delivers, and captures value.
7. Focus Prioritizing the creation of valuable offerings that meet consumer needs.
9. Risk Takers Individuals who carefully assess potential downsides before pursuing opportunities.
11. Firms Organizations focused on identifying and exploiting new opportunities.