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.
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- 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.What are you to do as a budding entrepreneur in the following situations? 1. Iverson loves arts and crafts. With this in mind, he is contemplating doing a business out of his hobby and skills. What are some of the risks that he has to face? Give 1-2 examples 2. In their family business, Carla takes charge of getting more sales for the company and providing excellent customer service. One time, a new customer argued via private message, saying that she did not like how the sauce of the marinara was too sour for their family’s liking and added they prefer a sweeter one. How does Carla respond? 3. Jaymee and Jewelle saw an opportunity this pandemic to create DIY phone cases and introduce them via online means. What are some things you could do to make your product What are some things you could do to make your product become salable.? Give 1-2 examplesWhich of the following is NOT true about an Entrepreneur? a. Wants to work under others b .Looks for high achievements c .Has skill for creativity and innovation d .Takes Initiative Which of the following is correct statement a .Entrepreneurs need high level of motivation b .Competitors can be the biggest source of new ideas c .It’s easy to become entrepreneur d .All ideas are good business opportunities
- I need the answers to these questions for the Entrepreneurship and Innovation course.... 7- Technological spillover is a positive externality from R&D resulting from the spread of knowledge across organizational or regional boundaries. a. True b. False 4- Erison Group, an advertising company, wants to hire a creative head. Who among the following would be best suited for this position? a. An individual who completely adheres to the existing logic and paradigms and has extensive knowledge of the field b. An individual who has low tolerance for ambiguity and avoids taking risks c. An individual who has a moderate degree of knowledge of the field but is intrinsically motivated d. An individual who prefers to look at problems in conventional waysSet UP Develop a strategic entrepreneurship plan to help a company decide whether to take a build, buy, and/or partner approach. To understand the background and parameters of the project, read this email from your supervisor: TO: Strategy TeamDATE: November 1, YYYYSENDER: [email address of supervisor]SUBJECT: Strategic Entrepreneurship Plan Our company experienced exceptional growth last year, yet we feel that there is a need to increase our capabilities to achieve our growth targets this year and in the future. As our lead strategist, could you analyze our company’s current capabilities and determine if we should take a build, buy, or partner approach to increase our capabilities? As you consider our current capabilities, please look at who we currently partner with, recent acquisitions, and innovations in the company. Then propose a plan for how to best meet the growth plans that leadership has established. This strategic entrepreneurship plan will help be invaluable for…1. What is the best advice Tristan ever received? 2. What advice Tristan wants to give to other entrepreneurs? 3. How Tristan comes up with best ideas?
- 2.Why do you think Entrepreneurship is an art? Provide exampla/scenario that will support you answer.minimum of 100 words.b) “A start-up entrepreneurship does not need to develop a business plan when launching a new enterprise. All he/she need is a business idea and money to start operating.” Evaluate this statement supporting your answer with facts. d) What options does an entrepreneur have if he or she becomes unhappy with the growth of the company?1.Why do you think it is important for an entrepreneur to be a risk taker & innovator. 2.Aside from bceing risk-talker and innovator what do you think are qualities needed for an entrepreneur to become successful (Provide atleast 5 )explain why 9.Provide atleast five (5) challenges that Entrepreneurs is general is facing now.what do you think is/are the solutions/on each challenges?
- Salim would like to set up a business. But his dad advised him to look for a job. What benefit Salim can have if he establishes a business rather than getting a job? a. Will have to face the risks of losing money. b. Will have chance to make an unlimited profit. c. Will have no chance to be creative and innovative. d. All the statements are correct.Q1)What are the different types of Start-Ups? Explain it with an example the difference between Breakthrough innovation and Technical innovation? Q2)Explain the Entrepreneurial Process in your own words. What is Window for Opportunity? Q3)Consider an example of your own choice to explain the major differences between Entrepreneurship and Management when it comes to Decision making? Q4)What are the skills needed for an Entrepreneur to minimize the Risk in this modern world? Q5)What is the difference between Gordon method and Brainstorming? Q6)What are the important factors that an Entrepreneur should keep in mind when conducting business activities across national boundaries? Q7)What are the methods of generating new ideas? Explain why criticism is not allowed during group Brainstorming activity?Direction: As a future manager in the future given the scenario below how will you be able to solve the problem of shortage and surplus. Answer should contain at least 300 words. 1. Covid 19 is a virus than can affect our immune system. One of the thisthat the IATF encourages people to do to not get the virus is to use facemask as protection and use alcohol to fight germs whenever you areoutside the house. Being an entrepreneur what will you do if you areone of the sellers of this kinds of products such as facemasks, andalcohol whose supply is always out of stock. Will you take theopportunity to raise your price to gain more profit?