Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. Hence, you need to think about and reflect on the following questions.
• How long does it take to start a career in entrepreneurship?
• What are the requirements for a career in entrepreneurship?
• How much can I make with a career in entrepreneurship?
• What skills do I need for entrepreneurship career?
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- 2. Entrepreneurship entails seeking, identifying, evaluating entrepreneurial opportunities, working out a business plan to mobilize resources and teams, and executing the business plan with commitment, determination, and perseverance to achieve entrepreneurial objectives. Explain FIVE (5) reasons why entrepreneurship is important.arrow_forwardDiscuss whether the term "corporate entrepreneurship" is an oxymoron. Can corporations—especially large ones—be innovative? Support your answer with examples.arrow_forwardkindly help me with this 3 simple items cause i dont fown about business thank you ill give thumbs up for the answersarrow_forward
- What is the difference between replicative and innovative entrepreneurship? Provide one detailed example of each.arrow_forwardIn entrepreneurship, what are my strengths, weaknesses, opportunities, and threats to becoming a seller on Amazon?arrow_forwardIs an entrepreneur required to have technical skills in entrepreneurship? Explain your argument?arrow_forward
- Describe two external factors that can affect entrepreneurship in a particular industry. Evaluate how these factors can create opportunities or challenges for entrepreneurs.arrow_forwardDefine entrepreneurship. the students should provide 5 definitions of entrepreneurship using relevant literature.they are required to briefly explain each definitionarrow_forwardWhat are the differences between start-up entrepreneurship and corporate entrepreneurship?arrow_forward
- Personal experiences, hardships, and a desire to overcome adversity frequently catalyze entrepreneurship (Robb, 2022). Santosh Kshirsagar, the founder of Dragon Karate Sports, is a case study on the transformative power of determination and pursuing one's passion. This case focuses on Santosh's entrepreneurial path, which began with humble beginnings and progressed through several hurdles to develop a thriving karate institution in Kolhapur. Hence, this case study centers around Santosh Kshirsagar, a dedicated individual who started on an entrepreneurial adventure to establish his karate academy, Dragon Karate Sports, despite various hurdles and hardships. Santosh Kshirsagar's entrepreneurial career is a fantastic tale of perseverance, determination, and pursuing a dream. Despite having an absent father and a troubled family, Santosh found refuge and inspiration in karate. The presence of a karate academy near his brother Amit's college piqued Santosh's interest in the sport at a young…arrow_forwardThe term "entrepreneurship" is derived from the French verb "entreprendre". Some people believe that the term exist long before it was introduced in the academia by Richard Cantillon in 1755.a) Discuss the term entrepreneurship in your own words? b) Are entrepreneurs born or bred? What is your opinion on this case which hasbeen argued by many scholars for almost three (3) centuries? Please giveconcrete justifications for the reasons of your choice.arrow_forwardIdentify and briefly describe the 4 major parts of corporate entrepreneurship.arrow_forward
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