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- 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?Which 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 opportunitiesSalim 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.
- There are many attributes to a successful business among them are unique product,great customer service,talented leaderhip,right price,efficient communication select one attribute and discuss why you believe it is important to a successful business and suggest how a company may develop them.include atleast 2 links to the articleWhich of the following is the top reason for mangers failure? a. Poor planning practices b. Ineffective communication skill c. High personal integrity d. Effectiveness in delegationFind a small company that does something in your group’s realm of interest or passion (Technology, AI, etc) You will need to conduct research on this company, such as what they do, why they do it and how they do it. You should also include any statistics you found out about the company. Include the link to the small companies website Make a more detailed analysis The report should be an executive summary and really focus on identifying the problem(s) they are solving, their target audience and the solution(s) they have. The problem they solve should be tied to a United Nations Sustainable Development Goal. Create a 1-page report and prepare a 3-minute presentation. Both submissions will be done in groups. Criteria for the company: Needs to be a company in the GTHA. You will need to visit them a few times. Needs to have less than 30 employees. Needs to have over 30 customers. The company needs to have an active revenue stream. The company cannot belong to any friends or…
- As an entrepreneur, you need to be able to effortlessly discuss your product and its problem-solution narrative, its value proposition, its market niche, and the competition, but in your pitches, you also need to be able to tell your story. The importance of story, particularly your story, in capturing the attention of your audience and motivating them to action cannot be overstated. Instructions Read Telling Your Entrepreneurial Story and Pitching Your IdeaLinks to an external site. (Ch. 7) from the Openstax Entrepreneurship online text. Answer the following questions in the Canvas quiz: How can telling your entrepreneurial story help build a brand? What is the risk of falling in love with your own entrepreneurial story? Imagine you are entering your campus pitch competition. What would be your strategy to win? If your campus does not have a competition, what national pitch competition might you enter? What would be your strategy to win? What strategies define winners of previous…An executive summary of a proposed business is reproduced below. Evaluate the executive summary using based on: COMPLETENESS OF INFORMATION (refer to slide 4 WK2 ppt), RELEVANCE OF BUSINESS/PRODUCT IDEA, PROFITABILITY, AND SUSTAINABILITY. Justify your evaluations. Business opportunity "More than half of all Smartphone users in Germany (56%) want app functionality for insurances, one in five is enthusiastic about the idea." As evident from a recent survey." Insurance companies are still inefficient in their use of digital capacity and are not yet ready for the digital age. According to the X trend study, mobile sales channels and modern, social communication channels will dramatically gain importance, by 2020. However, most insurance companies have undertaken no endeavors to prepare for this trend. RiskEraser offers a solution for insurance companies, to retain their customers in the insurance world 2.0. Customer behavior has changed extremely in the past few years and customers…In view of the rapid changing business environment, which of the following is least expected by risk managers? a) Anticipate that organizations will undergo tremendous rapid changes within a short span of time b) Expect the introduction and emergence of versatile, agile young companies that are nich market based who will significantly eat on the firms market share. c) Expects and Anticipate bankruptcy, job losses, restructuring, mergers and acquisitions will happen in the dynamic business environment. d) Consistent and steady rise in the opportunities that the firm is pursuing based on its proactive approach to dealing with risks
- The article from class suggests that which of the following best explains the motivation for Disney's elevation of the streaming business? A recognition that entrepreneurship is key to achieving a sustainable competitive advantage To align the design of the organization to better meet changing consumer demands Divesting from legacy businesses Maintaining the status quo for their corporate governanceWHICH OF THE FOLLOWING IS THE COMMON REASON FOR PEOPLE CHOOSING TO BECOME ENTREPRENEURS? a. To escape the long hours associated with corporate jobs. b. To be able to retire early. c. To be their own boss. d. To learn new things.Entrepreneurs are able to identify opportunities even in adverse and difficult situations. To which one of the following important personal characteristics of an entrepreneur does this statement refer? a. Involvement in the business b. Positive attitude and approach c. Commitment to the business d. Perseverance