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Business Management Flashcards | StudBud
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Business Management
Innovation
business concept development
Business Management
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1
business concept development
a business plan
to help achieve a certain degree of term
Initial Idea,Market Research, BusinessConcept,Feasibility Study,Business Pl
to help achieve a goal
2
Innovation
to develop or improve an idea that is been currently offered
to be able to achieve a goal for a business
something to help the business grow in profits
to think of a new idea
3
What is a Business Mentorship
to take charge of one person
to tell someone what is what
a person or program that offers knowledge, advice and experience to another
to supervise one person
4
Definition of a Skill
Something you know what to do
the ability to do something ok by guessing and not following instructions
The ability to do something we'll gained through training and experience
Something you do to require an ability
5
What is Viability
Whether a business is able to expand
Whether a business is capable to be profitable
Whether the business is capable of developing and growing
Whether a business is viable
6
characteristics of successful business managers
skills
financial trouble in economy and globally
Confident, Resiliant, scared
Financial Skills,Technological Skills,Time Management,Willing to take risks
7
What is a Business Concept
an idea for a business including the target market, plus competitive advan
an idea for a business including basic information such as the product
all of the above
May involve a new approach to marketing or delivering a product
8
business goals
what helps achieve objectives
red and yellow
what a business expects to accomplish over a specific time
What represents the aspirations of a business
9
business objectives
steps to help a business achieve their achievements
specific, measurablesteps that businesses take to achieve its goals
something to do with achieving an achievement
to have a goal to accomplish something
10
contribution to the economic and social wellbeing
wellbeing environment
to make profits to benefit society
Employment,Tax,Research and Development,Economic Growth,International Trade
having goals to hep achieve something
11
business opportunities
a gap in the market
to achieve a certain goal by entering the market
to help achieve concepts and goals
Glogal Markets, Research and development, innovation, technological dev
12
Infrastructure
geography term
the foundations and investments needed to provide the means of economy
to build something
all of the above
13
methods to foster innovation
Gov investment, Research and dev
Council Grant, Business mentorship
School based programs, creation of regional business start-up hubs
all