1.
Someone who identifies and acts on an idea or problem that no one else has identified or acted on, creating something new.
2.
A change that adds value to an existing product, service, or process.
3.
A truly novel product, service, or process that represents a leap beyond existing ideas.
4.
The ability to develop something original, particularly an idea or representation of an idea.
5.
Technology that, once introduced, displaces established patterns, processes, and systems previously accepted as normal.
6.
A summary describing the benefits (value) customers can expect from a particular product or service.
7.
A formal declaration of what a venture will do, what value it will provide, and how it will accomplish that action.
8.
A picture of what a venture will become in the future or grow into.
9.
All people and organizations with a vested interest in a business (employees, customers, community, suppliers, etc.).
10.
An owner of a company (also called stockholder) who has a financial stake in the business.
11.
A funding strategy that optimizes use of personal funds and creative strategies (like bartering) to minimize cash outflows.
12.
A plan for how a venture will be funded, create value, deliver offerings, and generate income.
13.
A legal grant protecting an inventor’s rights over the usage and commercialization of an invention for a set time period.
14.
A registration giving the owner the right to use a name, symbol, or jingle with a specific product or service, preventing others from using the same.
15.
A grant giving the creator of a work the exclusive right to reproduce it for a specified period (usually life of the author plus 70 years).
16.
Proprietary information, processes, or internal knowledge that contribute to an organization’s competitive advantage, kept secret by the business.
17.
Laws that prevent companies from abusing market position or power to exclude or limit competitor access to the market.
18.
The practice where a business views itself as a member of society with implicit social obligations and responsibility for its environmental and social well-being.
19.
The practice of preserving resources and operating in a way that is ecologically responsible and viable in the long term.
20.
A sample or model of a product created for customer feedback before full-scale production.
21.
Conducting necessary research and investigation to make informed decisions that minimize risk.
22.
A license granted to an entrepreneur to operate under an existing company’s name and business model.
23.
A state of mind where an individual has developed the ability to differentiate between right and wrong in challenging circumstances.
24.
Comparing one’s own company’s performance with an industry average, market leader, or market segment.
