Week 2 Business

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Across
  1. 6. what is the problem?
  2. 8. The stage where you start creating and experimenting with a new product.
  3. 9. The last factor of a PEST analysis
  4. 12. entrepreneurs need this trait to keep up with the ever changing technological and business environment.
  5. 14. does it work?
  6. 15. often considered the most important trait of an entrepreneur
  7. 17. innovation that changes a good or service
  8. 18. the reason behind why a person acts in a certain way
  9. 20. businesses using this kind of innovation understand that both internal and external resources are valuable
  10. 22. Edwin _____
  11. 23. how do we solve it?
  12. 24. innovation that creates an entirely new market
  13. 26. constructed a hierarchy that looks like the food pyramid
  14. 27. Innovation that occurs over time through small improvements.
  15. 29. you must stay focussed
  16. 30. a person who sets up a business or businesses, taking on financial risks in the hope of profit.
  17. 32. An entrepreneur needs to have the ________ to take risks on ideas.
  18. 33. The type of innovation when the workplace is run in a different way
  19. 34. how stable is the current economy?
Down
  1. 1. new business successfully challenges an incumbent business
  2. 2. existing technology but new market
  3. 3. adapting something existing, or contributing to it, to make it better
  4. 4. you must try again and again
  5. 5. entrepreneurs use these skills to communicate effectively with others
  6. 7. changing the way products are produced
  7. 8. we must consider what the government is doing
  8. 10. hygiene factors and motivators
  9. 11. must consider demographics
  10. 13. you must have __________ in your knowledge and skills when you are an entrepreneur
  11. 16. 'all the smart people in our field work for us, we are da best'
  12. 18. innovation that changes the design or packaging, product placement or pricing
  13. 19. a tool used to analyse macro-environmental factors
  14. 21. a framework for innovation
  15. 25. the ability to respond when things don't go to plan
  16. 28. research observe, understand and create a point of view
  17. 31. sometimes exhibited as impatience