Ventures, Roles, and Business Management

This set of vocabulary flashcards covers key concepts from the 'Ventures & Roles' lecture, including business avenues, company documentation, management roles like change and crisis management, and the principles of professionalism.

Ventures (Recent Entrepreneurs)

Business entry where recent entrepreneurs would buy an existing business.

Business Avenues

Alternative ways of conducting business including Outsourcing and Licensing.

Company Documents

Legal and informational documents required for establishing a company, specifically the Prospectus and MOI (Memorandum of Incorporation).

Creative thinking

A cognitive role contrasted with problem routine thinking in business management.

Crisis

Situations categorized by types that require specific recommendations for resolution.

Change management

A management role defined by its specific purpose and various types.

Stress

An emotional or physical state defined by its meaning, causes, and specific ways to relieve it.

King Code Principles

The core principles governing Professionalism and Ethics in business.

Conventional vs non-conventional thinking

A comparison of different thinking styles used in business problem-solving and creative processes.

Establishing a company

A process involving specific benefits and challenges when compared to other forms of ownership.