Briefly exam the six forces that entrepreneurs may respond to in external environment using appropriate model? What is the implication of these forces on the business plan development of an entrepreneur?
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In order to succeed entrepreneurs must be able to recognize and respond to rapidly changing global picture through monitoring and scanning of external environmental forces that offer opportunities and threaten their enterprise existence. Briefly exam the six forces that entrepreneurs may respond to in external environment using appropriate model? What is the implication of these forces on the business plan development of an entrepreneur?
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- Research the story of a Caribbean entrepreneur from an online resource. Analyze the entrepreneur's story and respond to the following questions in this discussion forum: What characteristics does the entrepreneur appear to have? How do you believe these characteristics and the entrepreneur's cultural background influenced their success? Discuss two (2) important roles of entrepreneurs in your country (name the country). Do you consider yourself an entrepreneur based on your exposure to the course material and the entrepreneur's story? Please explain your response.Entrepreneurship is important to economic development. The benefits to society will be greater ineconomies where entrepreneurs can operate flexibly, develop their ideas, and reap the rewards.Entrepreneurs respond to high regulatory barriers by moving to more innovation-friendly countries orby turning from productive activities to non-wealth-creating activities. To attract productiveentrepreneurs, governments need to cut red tape, streamline regulations, and prepare for the negativeeffects of layoffs in incumbent firms that fail because of the new competition. Entrepreneurs are equally, if not more, important when the economy is doing badly. Whenunemployment is high and the economy is contracting or stagnating, dynamic entrepreneurship couldhelp turn the economy around. By developing novel products or increasing competition, new firms canboost demand, which could in turn create new job opportunities and reduce unemployment.” The contribution and non-contribution of entrepreneurs to the…Compare and contrast each of the following: (a) Economic vs. financial risks in global entrepreneurial ventures (b) Social entrepreneurship and corporate social responsibility
- Among the list of successful entrepreneurs both in local and international markets, who among them inspires you the most? Why?Explain the meaning of the following terms as used in entrepreneurship. Technopreneurship Intellectual property Corporate entrepreneurship Innovation Idea feasibility assessment b)With reference to any communities of your choice, outline the main social cultural factors that have had a negative impact on growth of entrepreneurship in Kenya. c) All potential entrepreneurs are advised to screen their business ideas even if its first one. Explain with relevant examples the main factors that an entrepreneur should put on focus when screening their business ideas.What Entrepreneurs Do! Why Go Global? Why and How?
- Assume that you wish to become an entrepreneur and plan to start a new business venture. You have learned in your Entrepreneurship course that to be an entrepreneur you have to be alert in identifying business opportunities. Considering the present critical COVID-19 pandemic situation and poor economic performance in Malaysia, explain how you would identify business opportunities and what are the best sources of ideas of a new business venture. State your idea of a potential new venture and describe the business that you plan to do.What is the difference between standard of living and quality of life? What is risk, and how is it related to profit? What do the terms stakeholders, outsourcing, and insourcing mean? What are some of the advantages of working for others? What benefits do you lose by being an entrepreneur, and what do you gain? What are the five factors of production? Which ones seem to be the most important for creating wealth? What are four ways the government can foster entrepreneurship? What is the difference between effectiveness, efficiency, and productivity? What is empowerment? What are some of the major issues affecting the economy today? What major factor caused people to move from farming to manufacturing and from manufacturing to the service sector? What does the future look like for tomorrow’s college graduates? What is the difference between macroeconomics and microeconomics? What is better for an economy than teaching a man to fish? What does Adam Smith’s term invisible hand mean? How…Identify one SME entrepreneur in Oman that made huge contributions to Oman society. In at least two paragraphs, please discuss the following: A1. How this entrepreneur started his / her business in Oman? A2. Two contributions of this entrepreneur to Oman society and community. A3.Two challenges faced by this entrepreneur during the early part of his entrepreneurship journey.
- What advantages does going global offer a small business owner? Also, describe the barriers businesses face when trying to conduct business internationally.Why entrepreneurship is important (in your own perspective)? What is the impact of engaging in entrepreneurship on the national economy? Give cases or examples to support your views. Please don't give shorter answers, thank you! PLEASE ANSWER WITHIN 2-3 HOURS.Given that most entrepreneurial start-ups fail, why do entrepreneurs found so many new firms? Why are (most) governments interested in promoting more start-ups?