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Guidance for Preparing for Midterm Exam 1 ENTR 120 – The Entrepreneurial Process Sections 001

Guidance for Preparing for Midterm Exam 1 ENTR 120 – The Entrepreneurial Process Sections 001 . Written exam will be on Monday, March 8, 2010 Written Exam will be all Essay Review your lecture notes and especially the key points identified on the following slides.

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Guidance for Preparing for Midterm Exam 1 ENTR 120 – The Entrepreneurial Process Sections 001

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  1. Guidance for Preparing for Midterm Exam 1ENTR 120 – The Entrepreneurial ProcessSections 001

  2. Written exam will be on Monday, March 8, 2010 • Written Exam will be all Essay • Review your lecture notes and especially the key points identified on the following slides. • Bring your own pen/pencil and paper for the exam

  3. Social Entrepreneurship • Be able to explain the meaning of social entrepreneurship and its importance • Know the four components of social entrepreneurship and how it fits in the ecosystem • Be able to discuss how the actions associated with social entrepreneurship also apply to business entrepreneurship

  4. Creating the EnterpriseChapter 1 • Be able to describe and compare and contrast small business owners and entrepreneurs • Be able to explain the stakeholder concept and its importance to enterprisers • Be able to explain lessons for starting and doing business from the class discussion of Enterprisers 1.4: Wahoo’s Surfs Its Way to Success, pp. 19-21

  5. Creating the EnterpriseChapter 2 • Be able to explain why it is more important to understand enterpriser/entrepreneur behaviors than enterpriser/entrepreneur personality characteristics • Be able to identify and explain enterpriser/entrepreneur behaviors

  6. Creating the EnterpriseChapter 3 • Be able to explain how goal setting connects to time management • Be able to explain the importance of persuasion for an enterpriser and how to be effective in persuasion • Be able to explain what you would do in order to negotiate effectively • Be able to explain how you would network in order to support your business • Be able to explain lessons for starting and doing business from the class discussion of Theatrical Lighting Systems, pp. 78-80

  7. Creating the EnterpriseChapter 6 • Be able to explain the 4Cs for an opportunity and how you would use them to explain a business or social entrepreneurship concept • Be able to explain how experience can both support and constrain entrepreneurship

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