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Balance Scorecard
A performance management report used by managers to keep track of the execution of activities by their teams.
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Business Model Canvas
A strategic management tool used to develop new business models or to document existing ones. It consists of a visual chart showing the main elements of the business: value proposition, infrastructure, customers and finances.
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business practices
Processes, methods, actions, regulations, operations or rules that businesses introduce or follow in order to meet its objectives. Some examples include people management, financial planning or marketing activities.
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heavy industries
Heavy industries are capital-intensive industries with one or more of the following characteristics: producing large and heavy products; using large and heavy equipment and facilities; or involving complex or numerous processes. Some examples include shipbuilding, manufacturing heavy machinery and equipment, and steelmaking.
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Kaizen
A production management methodology aimed at fostering continuous improvement and higher efficiency through small changes to production processes, like reducing waste or making work environments safer.
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light industry
Light industries usually are less capital-intensive than heavy industry, typically produce smaller consumer goods, and are more consumer-oriented than business-oriented. Some examples of light industries include food, textile and electronics.
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locus of control
A sense of control over one’s business and the business environment in which one operates.
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managerial capital
Skills associated with the management of operations, people, money and customers.
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original products
New products that are their own idea rather than just copied from others.
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persistence
Not giving up when difficulties arise and being able to overcome barriers on the way towards a goal.
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proactivity
Thinking of future opportunities and problems and preparing for them now.
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programme evaluation
Evaluations looking at the overall effectiveness of a programme.
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role model
An actual entrepreneur who shares their own experiences in entrepreneurship with participants.
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self-efficacy
One’s own belief in their entrepreneurial competences.
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self-starting
Always being on the lookout for opportunities and trying to exploit them.
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SIYB
Start and Improve your Business
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Small and medium-sized enterprises (SMEs)
According to the OECD, microenterprises have fewer than 10 employees, small enterprises have between 10 and 49 employees, medium-sized enterprises have 50 to 249 employees and large enterprises employ 250 or more people.
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tweak evaluation
Evaluations looking at the effectiveness of design or implementation tweaks to the programme.