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- “We built a better mousetrap but there were no mice” (commenting on his firm’s development of blue windshield glass for the automobile industry). Gary W. Weber, PPG Industries Why must managers be aware of a firm’s external environment? Include the general environment and competitive environment in your answer. As for the business environment, discuss FIVE (5) effects of the digital economy on businesses and customers? Include big data (or data analytics) as one of the fiveLinda Henricks is thinking about starting a firm in the home health-care provider industry. When asked by a potential investor if she had studied the industry, Lind replied, “With the aging of the population and the fact that people are living longerthan ever, the home health-care provider industry is so full of potential it doesn’trequire formal analysis.” In what ways will Linda limit her possibilities with the potential investor if her current attitude about the importance of industry analysisdoesn’t change?The criteria for the greatest entrepreneurs to be considered were simple. If they had the vision to create new markets and change the way people lived in the process, then they were candidates. Review the 25 Most Important Entrepreneurs of the Past 25 Years. https://www.worth.com/25-entrepreneurs-25-years/ I found these two descriptions about these people below: STEVE JOBS COFOUNDER, APPLE » BIO: Born in San Francisco in 1955, Jobs started Apple Computers with Steve Wozniak in 1976. A decade later, the two parted ways when Jobs left the company, but he returned in 1997 to turn it around—and he changed our relationship with tech and the internet with the creation of the iPhone and iPad. He died in 2011 following a battle with pancreatic cancer. » TAKEAWAY: Design matters, even when you can’t see it. It always came first for Jobs. “Customers don’t know what they want until we’ve shown them,” he famously said. His obsession with detail and careful design—and his ability to wow an audience…
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- 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 distribution1-What is ecopreneurship, AND how does Ecovision play a role? 2-Outline some specific recommendations for entrepreneurs to consider that promote environmental awareness.1.Why do you think Entrepreneurship is a science?provide example/ scenario that will support your answer.minimum of 100 words. 2.Why do you think Entrepreneurship is an art? Provide exampla/scenario that will support you answer.minimum of 100 words. 3.What are the Advantages and Disadvantages of venturing in entrepreneurship rather than becoming a business manager (Employed)? Provide atleast 3 each & explain each Advantages and Disadvantages. 4.What are the Advantage and Disadvantages becoming a business manager (Employed) rather than venturing in Entrepreneurship?Provide atleast 3 Each & explain each Advantage and Disadvantages. 5.What are the Advantages of invention of money in the field of Entrepreneurship( Provide atleast 3)?what is the impact/effect of invention of money to the modern day Entrepreneurship? 6.Explain why it is said that "Entrepreneurship is the life blood of ant economy?minimum of 100 words.
- From five below skills in Entrepreneurship, which one is most important and why? 1- Play 2- Empathy 3- Creativity 4- Experimentation 5- ReflectionMove over 'tech bros': Women entrepreneurs join Africa's fintech boomWhen financial analyst Oluwatosin Olaseinde moved back home to Nigeria in 2013 after a decade studying and workingabroad, she decided it was time to tackle her own finances, so started reading up on stocks and mutual funds.Shocked at how little guidance was available for young professionals like herself, Olaseinde began sharing her learnings infun, bite-sized tutorials on Instagram, and much to her surprise, her posts went viral."I had no idea my page would just blow up," said the 34-year-old by phone from Nigeria's commercial capital, Lagos."Just like me, there were young people who wanted to know how to manage their finances, but needed information in aneasy-to-understand way."Almost four years on, Olaseinde heads MoneyAfrica, an online financial literacy portal providing courses from budgetingand currency risk to inflation and treasury bills, and more recently also founded Ladda, an app-based one-stop…Now that you have identified a problem, provided a business idea to solve the problem and alsoreflected on your own entrepreneurial characteristics and possible business risks, you are nowgoing to interrogate whether your idea is indeed a business idea or a business opportunity, youwill also analyse the environment to assess whether environmental conditions are favourable foryou to enter into the business world.As with other tasks, you will need to conduct research beyond the textbook in order to completethis task.1. Justify whether your proposed solution/idea meets the characteristics of a successfulproduct or service idea.NB: Refer to characteristics of a successful product or service idea.