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Innovation & Entrepreneurship - Coggle Diagram
Innovation & Entrepreneurship
Important terms
Business terms
Investor
Angle investor
A person or a small group of people who offer money to a start-up in exchange for a stake in the business.
Someone who provides money as a loan and is, in return, paid back with interest.
Break-even point
The point at which expenses equal income.
Business plan
A formal document that states the nature of a business and its goals, and outlines how the business will succeed.
Entrepreneur
A person who starts a new business.
Entrepreneurship
The process of identifying an opportunity, developing resources and assuming the risks associated with starting a new business.
Social entrepreneurship
The activity of identifying opportunities to help society in some way, with financial gain taking a secondary position if it factors in at all.
Trademark
Any distinctive sign, image, slogan, etc, used to identify a product or service as originating from a particular individual, business or legal entity.
Thinking
Convergent thinking
An analytical thought process that follows the steps and rules of logic.
Divergent Thinking
A thought process that relies on the generation of many ideas, random connections, observations and interpretations.
Property
Copyright
The exclusive rights granted to the creator of an original work, which includes the rights to copy, distribute and adapt. These rights can be licensed or transferred.
Intellectual property
Creativity & Innovation
Creativity & Innovation
Creativity
The process of imagining and developing something new.
Innovation
The process of implementing new ideas.
Idea
Idea Champions
Individuals who actively and enthusiastically support new ideas, build support, overcome resistance and ensure that innovations are implemented.
Idea Incubator
Part of the research and development branch of an organisation that focuses on the development of entrepreneurial ideas.
Mental Maps
Cognitive maps or images about how the world operates.