. What is an entrepreneur? How would you analyse a local entrepreneur you are familiar with. 2. “Every entrepreneur needs to be a leader in their company.” Explain with the help of a suitable example. 3. Entrepreneurship is “high-risk but also can be high reward.” Comment.
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1. What is an entrepreneur? How would you analyse a local entrepreneur you are familiar with.
2. “Every entrepreneur needs to be a leader in their company.” Explain with the help of a suitable example.
3. Entrepreneurship is “high-risk but also can be high reward.” Comment.
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- Vaynerchuk has been quoted as saying that if you live for Friday, get a different job. How does this apply to successful entrepreneurs?What does it mean when we say that an entrepreneur should work on the business, not in it?There several myths about entrepreneurs, including:- Entrepreneurs are born, not made. - Entrepreneurs are gamblers. - Money is the key to entrepreneurial success. - You have to be young to be an entrepreneur- You have to have a degree in business to be an entrepreneur. Describe your perceptions about any entrepreneurs in relation to the above myths. Are the myths true or false? Why or why not?
- 1-What is ecopreneurship, AND how does Ecovision play a role? 2-Outline some specific recommendations for entrepreneurs to consider that promote environmental awareness.“Visionaries are born. Entrepreneurs are made.” Explain reasons why you agree or disagree with the statement using relevant concepts, readings, and case examples in this module. Clearly give the citation of anything you refer to in your discussion.on All but one of the following is considered a myth about entrepreneurship. Select one: O a. An entrepreneur is exposed to extreme business risks. O b. All entrepreneurs must be willing to invest large sums of money. O c. First ventures are always profitable and successful. O d. A breakthrough invention is required for successful entrepreneurs. O e. Successful business owners/entrepreneurs are born, not made.
- FAMOUS ENTREPRENEUR: BILL GATES Questions: 1. Give a short background about the entrepreneur and why he is worthy of emulation. 2. What makes him/her a Social Entrepreneur?“Entrepreneurs are individuals who recognise opportunities where others see chaos or confusion. They are aggressive catalysts for change within the marketplace. They have been compared to Olympic athletes challenging themselves to break new barriers, to long-distance runners dealing with the agony of the miles, to symphony orchestra conductors who balance the different skills and sounds into a cohesive whole, and a top-gun pilots to continually push the envelope of speed and daring. Whatever the passion – because they all fit in some way –entrepreneurs are heroes of today’s marketplace. They start companies and create jobs at a breath-taking pace”. - Donald F. Kuratko, 2009Requireda. In relation to the above quote, identify the qualities of a successful entrepreneurand illustrate how they have been applied in successfully creating and running an entrepreneurial undertaking you are familiar with. Your answer should include a brief profile of the successful entrepreneurial undertaking:…What is the best explanation of entrepreneurship? Why is it that job opportunities are difficult to some Filipinos? Explain the meaning of "Emotional stability is an important factor in the making of an entrepreneur." What do you mean by "The entrepreneur is flexible and adapts to change." Explain the meaning of the statement, "The entrepreneur develops feedback mechanism for results." What are the tasks and challenges of a store manager? What are the tasks and challenges of a financial manager? What are the tasks and challenges of a marketing manager? What are the tasks and challenges of a sales manager? What are the tasks and challenges of a production manager? What is a business plan? What is your overview on SWOT analysis? Enumerate the 5 Components of Competitive Analysis. What is channel of product distribution all about? Give example on how you are going to distribute your product. In SWOT analysis, what are some ways on evaluating the product? Enumerate the factors to consider…
- 2) Do you agree or disagree with James Clear's idea that our actions (what we do) defines our identity? What does this mean for our perception of our ability to be an entrepreneur (Remember that being an entrepreneur doesn't mean starting a business). 3) How is an entrepreneurial mindset related to habits and self leadership?The most important reward of being an entrepreneur is: Select one: a. Independence b. Wealth c. Professional growth d. Personal satisfaction Technological improvements along an S-curve tend to be ________, building on prior developments, and taking place within an existing paradigm. Select one: a. Comprehensive b. Incremental c. Extreme d. Radical This role of entrepreneurship in economic development is when entrepreneurs combine the factors of production, and also introduces new ideas and new combination of factors. Select one: a. Promotion of capital formation b. Creating social change c. Creating innovation d. Wealth creation and distributionChoose three (3) activities that belong to stage 4 of the Entrepreneurial Journey a. Avoid patent fees by not telling anyone how to do what you do; No one else in all humanity will ever have the same idea, I am a GOD b. If I hope an pray, I will be in ten countries next year c. Tell my cousin, mommy and the pretty girl next door about my business, I must get sales d. Nike is in the US, I should name my shoes 'Nikee' with a white swish and place it on social media, Nike will be cool with it e. Developing a growth strategy f. Developing and securing IP g. I am a global operator, I can sell items via social media to my peeps in the US, I will figure out how to get it to them from Jamaica sometime in the future h. Marketing
