mgmt chapter 6
Terms
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- Tolerance of Ambiguity
- The psychological characteristics that allows a person to be untroubled by disorder and uncertainty.
- Awareness of Passing Time
- feel a sense of urgency.
- Entrepreneurship
- Someone who engages in entrepreneurship
- Venture Capital Firm
- A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits.
- External Locus of Control
- The belief by individuals that their future is not within their contol but rather is influenced by external forces
- Debt Financing
- Borrowing money that has to be repaid at a later date in order to start a business
- Equity Financing
- Financing that consists of funds that are invested in exchange for ownership if the company
- Idealists
- Someone who like the idea of working on something that is new, creative or personally meaningful
- Sustainer
- category like the chance to balance work and personal life and often don't want the business to grow too large
- Hard Worker
- enjoy putting in the long hours and dedication to build larger, more profitable businesses
- Optimizers
- rewarded by the personal satisfaction of being a business owner
- Internal Locus of Control
- Belief by individuals that their future is within their control and that external forces will have little influence