ENTREP

Resource

Anything needed to execute a task or project, such as people, materials, and money.

Resource Management

The process of planning, allocating, and using resources efficiently to complete a project.

Optimize Effiency

The main goal of resource management, summarized as “doing more with less.”

Resource Manager

The person responsible for allocating resources needed for a project’s success.

Project Manager

The person responsible for creating and assigning tasks to complete a project.

Resource Allocation

Resource management technique that assigns available resources based on skills and capacity.

Resource Levelling

Resource management technique that identifies underused or inefficiently used resources.

Resource Forecasting

Resource management technique that predicts future resource needs before a project begins.

Prevents Burnout

The resource management advantage that prevents overallocation and dependency of resources.

Avoid Unforeseen Hiccups/Problem

The resource management advantage that helps identify gaps or problems before they happen.

Provides A Safety Net

The resource management advantage that shows the team did everything possible with available resources.

Builds Transparency

The resource management advantage that gives other teams visibility into a team’s workload.

Measure Efficiency

The resource management advantage that helps plan and measure returns on investment.

SWOT analysis

A planning tool that identifies strengths, weaknesses, opportunities, and threats.

Strengths And Weaknesses

The SWOT elements considered internal factors.

Opportunities and Threats

The SWOT elements considered external factors.

Albert Humphrey

The creator of SWOT analysis at the Stanford Research Institute.

1960

The decade when SWOT analysis was created.

Ishikawa Diagram

A cause-and-effect diagram shaped like a fish.

Fishbone Diagram

Another name for the Ishikawa diagram.

Kaoru Ishikawa

The developer of the Ishikawa diagram.

Shipbuilding Industry

The industry where the Ishikawa diagram was first used for quality control.

“Why does this happen”

The question repeatedly asked when constructing an Ishikawa diagram.

Porter’s Five Forces

The tool created by Michael Porter to analyze industry competitiveness and profitability.

1975

The year Michael Porter’s Five Forces was published.

Competitive Rivalry

Porter’s force that examines the number and strength of competitors.

Supplier Power

Porter’s force that examines suppliers’ ability to increase prices.

Buyer Power

Porter’s force that examines customers’ ability to drive prices down.

Threat of Substitution

Porter’s force that examines customers finding another way to meet the same need

Threat of New Entry

Porter’s force that examines how easily new competitors can enter a market.

Blue Ocean Strategy

A strategy that creates an uncontested market space and makes competition irrelevant.

Red Ocean Strategy

A strategy that competes in existing, crowded markets.

Value Innovation

The cornerstone of Blue Ocean Strategy.

Value Innovation

The simultaneous pursuit of differentiation and low cost.

W. Chan Kim and Reneé Mauborgne

The authors of Blue Ocean Strategy.

Johari Window

A communication model that improves self-awareness and understanding between people.

Joseph Luft and Harry Ingham

The developers of the Johari Window.

1955

The year the Johari Window was developed.

Open Area

The Johari Window quadrant known to both yourself and others.

Blind Area

The Johari Window quadrant known to others but unknown to yourself.

Hidden Area

The Johari Window quadrant known to yourself but hidden from others.

Unknown Area

The Johari Window quadrant unknown to both yourself and others.

Project-Entrepre-Nurse

The DOLE initiative that promotes nurse entrepreneurship and home health care in the Philippines.

Davao Region/ Region Xl

The pilot region for Project Entrepre-Nurse.

Department Of Health

The government agency that will serve as a critical data partner for Project Entrepre-Nurse.

Cooperative Development Authority

The agency where nurses’ cooperatives must register under Project Entrepre-Nurse.

MASICAP

The organization that will help nurses’ cooperatives prepare business plans.

Brian Tracy

The problem-solving author whose formula was used in the lesson.

The Power Of Self-Discipline

The book where Brian Tracy’s problem-solving formula appears.

80%

The percentage of problems that should ideally be dealt with immediately.

Resource Allocation, Resource Levelling,

Enumerate the three resource management techniques.

Avoids unforeseen hiccups/problems, Prevents burnout, Provides a safety net, Builds transparency, Measures efficiency

Enumerate the five advantages of resource management.

Entrepreneurs are born that way, The only requirement is a good idea, Starting a business guarantees freedom, Launching a company quickly leads to wealth, Only money motivates employees

Enumerate the first five entrepreneurship myths.

Define the problem clearly

Pursue alternate paths on facts of life and opportunities

Challenge the definition from all angles

Enumerate the first three problem-solving techniques by Brian Tracy.

Strengths, Weaknesses, Opportunities, Threats

Enumerate the four elements of SWOT analysis.

Financial resources, Physical resources, Human resources, Access to natural resources, Current processes

Enumerate five internal factors considered in SWOT analysis.

Market trends, Economic trends, Funding, Demographics, Relationships with suppliers

Enumerate six external factors considered in SWOT analysis.

Methods, Machines/equipment, Manpower/people, Materials, Measurement, Environment

Enumerate the six common categories of causes in an Ishikawa diagram.

Build trust through self-disclosure, Learn about oneself through feedback from others

Enumerate the two key ideas behind the Johari Window.

Number of competitors, Strength of competitors, Quality of competitors’ products or services

Enumerate three factors that affect competitive rivalry.

Structuralist view, Reconstructionist view

Enumerate the two views compared in Blue Ocean versus Red Ocean strategy.