BA Part 4
Terms
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- 5-C management tactics
- Capability, Culture, Cash and recognition, Customer orientation, Cut losses.
- Corporation
- A legal entity separate from indivisual owners.
- Entrepreneurship
- Responsible for much of the job creation, innovation and entreprenuership bring new products, brings opportunities to minorities and women.
- Franchises
- An established business that sells distribution rights to additional owners.
- Innovation
- New ideas, business results, key to success in creativity-driven market
- Internal Locus of Control
- A belief in one's own ability to succeed.
- Intrapreneurship
- New business units developed within a larger corporate structure.
- Partnership
- Association of two or more persons acting as co-owners.
- Proprietorship
- Owned by one person
- Spin-Offs
- Independent entrepreneurship that originated in a large company.
- Types of businesses
- Proprietorship, Partnership, Corporation.