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EBME Obj. 2

EBME Obj. 2 - The Entrepreneurial Process

TermDefinition
Discovery The stage in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc
Demographics Data that describes a group of people in terms of their age, marital status, family size, ethnic background, gender, education, and income
Concept Development The stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect intellectual property
Resourcing The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc
Venture A business undertaking involving risk
Actualization The stage in which the entrepreneur operates the ventures and utilizes resources to achieve its goals/objectives
Harvesting The stage in which the entrepreneur decides on a venture’s future growth, development, or demise
Created by: mmabe
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