AFM 132 CHAPTER 6 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS GRADED A++
Velocity
- Incepted in 2008
- Most productive startup incubator in Canada
- Helps students take their ideas and turn them into a business
What you'll learn at the beginning of your career
- Learning what you're passionate about
- Building your technical abilities
- Expanding your skills
- Gaining exposure to a variety of organizational cultures that support how employees
connect and get work done.
Traits of an Entrepreneur
- Passion and Motivation
- Tolerant of Uncertainty
- Learning and Growth Mindset
- Confidence
Why become an entrepreneur?
- Be your own boss
- Flexibility
- Define your own success
, Factors that have increased support for innovative endeavours
- Education
- Technology
- Social Acceptance
- Support Systems
Intrapreneurship
Being entrepreneurial within a corporate setting, where one can exercise creativity to
launch new products/services or evolve processes using a company's existing
resources and reputation. Intrapreneurial companies encourage employees to get
creative with their ideas.
Cycles of New Venture Creation
-Birth/Introduction
- Breakthrough/Growth
- Maturity/Exit
Challenges in Launching an Idea
- Getting customers
- Managing Time
- Abiding by Local Rules
Other ways to get into business
- Buying an existing business
- Franchising
Things to keep in mind when buying an existing business
COMPLETE SOLUTIONS GRADED A++
Velocity
- Incepted in 2008
- Most productive startup incubator in Canada
- Helps students take their ideas and turn them into a business
What you'll learn at the beginning of your career
- Learning what you're passionate about
- Building your technical abilities
- Expanding your skills
- Gaining exposure to a variety of organizational cultures that support how employees
connect and get work done.
Traits of an Entrepreneur
- Passion and Motivation
- Tolerant of Uncertainty
- Learning and Growth Mindset
- Confidence
Why become an entrepreneur?
- Be your own boss
- Flexibility
- Define your own success
, Factors that have increased support for innovative endeavours
- Education
- Technology
- Social Acceptance
- Support Systems
Intrapreneurship
Being entrepreneurial within a corporate setting, where one can exercise creativity to
launch new products/services or evolve processes using a company's existing
resources and reputation. Intrapreneurial companies encourage employees to get
creative with their ideas.
Cycles of New Venture Creation
-Birth/Introduction
- Breakthrough/Growth
- Maturity/Exit
Challenges in Launching an Idea
- Getting customers
- Managing Time
- Abiding by Local Rules
Other ways to get into business
- Buying an existing business
- Franchising
Things to keep in mind when buying an existing business
