Entrepreneurship Chapter 2 Review

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Across
  1. 1. ________ is an intense positive feeling about the business or idea, helping entrepreneurs stay committed.
  2. 5. An entrepreneurial ________ is a set of shared beliefs and practices that shape how a company operates.
  3. 7. ________ is a specific type of business-related expertise essential to starting and running a business.
  4. 9. ________ professionalization involves meeting or exceeding industry standards.
  5. 11. ________ refers to doing things according to the industry standard, or better.
  6. 12. An ________ is someone who starts and runs a business, often taking on financial risks in the hope of profit.
  7. 13. A ________ focus is about avoiding risks and minimizing losses.
Down
  1. 1. ________ is the ability to stick with a project even when the outcome isn’t clear.
  2. 2. ________-specific knowledge provides expertise that is unique to a particular field or market.
  3. 3. ________ competencies involve identifying and acting on business opportunities.
  4. 4. A key entrepreneurial competency is the ability to manage ________, such as time, money, and people.
  5. 6. Most new businesses are started by entrepreneurial ________, not solo entrepreneurs.
  6. 8. A comprehensive ________ style involves creating long-term strategies for all aspects of the business.
  7. 10. Entrepreneurial teams benefit from ________, as different perspectives can lead to better problem-solving.
  8. 11. A ________ focus means seeking out opportunities and maximizing gains.