Building a Culture of Innovation and Entrepreneurship (VCE SSCE Business Management): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Innovation definition
Innovation definition
Improvement/invention enhancing business w/ new products/services
Entrepreneurship definition
Entrepreneurship definition
Planning, designing, launching & running business for profit
Corporate culture definition
Corporate culture definition
Values, beliefs & attitudes of people in a business
R&D return per $1 invested
R&D return per $1 invested
$3.50 in economy-wide benefits
R&D average annual return %
R&D average annual return %
10% per year
Council grants definition
Council grants definition
Funds from councils to encourage new business & employment
STEM jobs growth rate by May 2024
STEM jobs growth rate by May 2024
11.6% (vs 7.5% for other jobs)
Business hub definition
Business hub definition
Shared office space for work, meetings & networking
$20 Boss Program startup capital
$20 Boss Program startup capital
$20 given to students for 1-month business challenge
Singapore annual innovation investment
Singapore annual innovation investment
$5 billion per year
