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Flashcards in exam Deck (31)
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1
Q

entrepreneurial personality stack

A

1) Conceptual Ability
2) creativity
3) vision
4) can handle failures
5) calculated risk taking
6) constructive paranoia
7) innovative behaviour

2
Q

additional traits

A

1) fire in the belly

2) luck

3
Q

smb characteristics

A

1) < 250 employees
2) <43 M on balance sheet (50 revenue)
3) <25% of share controlled by another company

4
Q

innovative gap

A

between academic research and industrial application

5
Q

top 5 high income

A

1) CH
2) Swedden
3) USA
4) Netherlands
5) UK

6
Q

patent cooperation treaty

A

international patent law treaty provinding a unified procedure for filling patent application in/for each of its contracting states

7
Q

innovation

A

invetion+ diffusion

8
Q

successful venture

A

innovation+team+money

9
Q

business plan length

A

20 pages

10
Q

summary length

A

1-2 pages

11
Q

constitution of ventures

A

1) sole proprietorship
2) Gmbh, LLC
3) joint stock corporation

12
Q

avarage pivot to reach profitability

A

2.3

13
Q

keys for VC

A

1) passion
2) iterate,execute,learn, no overthink
3) be humble and avoid unnecessary risks
4) create corporate culture
5) manage cash flow

14
Q

tech startup

A

can create 7 times more jobs than a conventional one

15
Q

highest innovation level worldwide

A

1) ch
2) USA
3) sweden

16
Q

funding gap

A

angels and VCs

17
Q

smb all over the world

A

more than 99%

18
Q

creative distruction

A

transformation that leads to radical innovation

19
Q

government activities to promote startup

A

1) Policy
2) Fiscal/tax incentives
3) support and development programs
4) state-sponsored venture funds

20
Q

market attractiveness

A

market potential+ market growth+ competitive situation

21
Q

sales

A

only activity that generates income

22
Q

research to market

A

1) basic research
2) technology development
3) product development
4) market introduction

23
Q

Entrepreneurial ventures serve as

A

bridge between an invention and the marketplace

24
Q

Academic spin-offs are often

A

the only possibility for Technology Transfer when no licensor available

25
Q

Academic spin-offs are an especially efficient way of Technology Transfer

A

the inventor/researcher knowhow remains an integrated part of the venture.

26
Q

Start-ups are especially flexible since

A

they are free from legacies and company internal boundaries

27
Q

Strong social support for entrepreneurial ventures

A

Honorable ▪ Prestigious ▪ “Classless”

▪ Genderless

28
Q

entrepreneurial activity drives both

A

destructive and constructive results

29
Q

minimum viable product (MVP)

A

product with just enough features to satisfy early customers and provide feedback for future product development

30
Q

Lean start up

A

experimentation before budgeting and forecasting

31
Q

Business Plan

A

1) Identifies the commercial opportunity
2) defines business objectives
3) describes the strategic plan and detailed implementation steps
4) documents that the opportunity is in alignment with resources, people and context
5) proof that you have understood your markets, competition and how to monetize
6) sales, communication, planning and
measurement tool
7) set priorities and responsabilities