1) Discuss the principles of an innovation process in entrepreneurship.
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1) Discuss the principles of an innovation process in entrepreneurship.
b) What are the factors that lead to starting up a business?
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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?1) What can you learned about entrepreneurship and owning your own business? 2) what skills do you think a successful entrepreneurship should have? 3) what are the pros and cons of owning your own business? 4) how can both market and management factors affect the growth of a new venture?As the owner of a year-old Dog Spa and Grooming business, you recently engaged in a time of reflection on your entrepreneurial journey. Having completed the reflective process, it is now clear to you that entrepreneurship requires the application of creativity and innovation to solve problems and capitalize on recognized opportunities. For this assignment you are required to do the following: Discuss what entrepreneurship mean to you and describe two (2) entrepreneurial traits/characteristics you possess. Use examples from your life experience to support each trait/characteristic. Identify one (1) innovation you currently enjoy and discuss how it adds value to your life. Develop two (2) innovative strategies to enhance creativity at your Dog Spa and Grooming business.
- Search the Internet for four accounts of successful corporate entrepreneurship. What key factors for success are common across all these accounts? Which are unique? If one company can foster an entrepreneurial culture within an existing firm, what stops another company from copying its process and taking away the initial advantage?1. Do you think entrepreneurship is not for everyone? Why or why not? 2. Why is the environment considered to be a factor in the sucess or failure of entrepreneurships? 3. In terms of support for entrepreneurship, how may the environment be classified? 4. What does personality men? What does it include? 5. What personal traits are considered important to the entrepreneur?Discuss a failed entrepreneurship or an entrepreneurship that struggled because 1 of the 3 factors was absent or weak. Identify the missing or weak factor. How might this have been avoided or overcome?
- what are the typical challenges for entrepreneurial startups?Some entrepreneurship authors argue that writing a business plan is a futile exercise. Do you agree with this assumption (yes or no)? Explain. Also, Is there a difference between writing a business plan and writing a social venture plan? Explain.With the concepts you learned about Entrepreneurship, read and answer the following questions base on your opinion. Do you know someone who is an entrepreneur? How do you think an entrepreneur benefits from his/her business? Why should an entrepreneur be a leader, a communicator, a specialist, and a problem solver? If you could add one more from the common traits that entrepreneurs should have, what would it be and why?
- Chapter 4 talks about the social and global environment in entrepreneurship. Discuss any of the characteristics listed as a part of the social and global environment that you find interesting, and tell how you can relate, or your opinion on any of the traits discussed1.What were some of the key customer, technology, and market trends that drove entrepreneurship during the last decade? What factors do you predict will drive entrepreneurial challenges in the next decade? 2. As a customer, list down all your dissatisfaction when you buy something from the store, go to the spa, transact with a bank, etc. What could be done to minimize your dissatisfaction?Write the definition for each of the six characteristic of and entrepreneur. The characteristics given are: (1) vision (2) energy (3) tolerance of uncertainty (4) self-reliance (5) confidence (6) tolerance of failure After defining each characteristic of an entrepreneur given in Chapter 7, answer the following questions: Do you possess any of the entrepreneurial characters discussed above. List each characteristics, you possess then answer the following questions: Have you already started a business? Are you considering starting your own business? If so, what type of business? If you have no desire to start a business, explain why.
