Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.
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- Which of the following skills do you believe is the most important to make a successful entrepreneur? Why do you believe this skill is of such importance? What makes it more important than the other skills? persuasion, leadership, personal accountability, goal orientation, and interpersonal skillsWhich 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 opportunitiesSome 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.
- 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.The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty. Also indicate how entrepreneur Zhang Yiming demonstrates each characteristic? Answer this question in 750 wordsBonnie Brewer and Stacy Kim were college roommates. While at school, they shared dreams of opening their own business. To prepare themselves, they took business and marketing courses, along with courses in management. When they graduated, they each found jobs in Seattle, near where they’d gone to school. Several years later, after working at other companies to gain experience, the two women decided to take the plunge together and made a plan to open a small café where they and their customers could indulge their love of good coffee and fine chocolate. They looked at two locations for their café: one near Pike Place Market, which gets a lot of foot traffic from shoppers and businesspeople, and one near the university, where shops and restaurants are patronized by students, faculty, staff, and local residents. They chose the university location because they thought they knew and understood those customers well. The doors to Custom Coffee & Chocolate opened several months later, with…
- Click on the following link http://www.npr.org/podcasts/510313/how-i-built- this which will take you to the NPR podcast "How I built this". Choose a business/entrepreneur and summarize how the entreprenuer built a success company. What were some of the struggles/hardships he or she endured along the way?Reaction to discussion below. Do you agree or disagree? Any additional thoughts? It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company. There are other key factors that have to be in place in order to put the company on a path for success. These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions. One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…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
- Miss Alberta Kwao has just completed a training on entrepreneurship development and is excited about the many benefits and opportunities of being an entrepreneur. She was told ‘when you start building a business, you begin a journey or a process. This process has a beginning and an ending and between the beginning and end are a lot of challenges. You will win only if you remain faithful to the process.” This statement made her apprehensive because she needed to adequately prepare in order to become successful. In the light of the above: a. Identify and explain five (5) opportunities that Miss Alberta Kwao is likely to enjoy as an entrepreneur? b. With Ghanaian examples, discuss five (5) impediments that Miss Kwao will encounter in her venture?In the world of business and innovation, two distinct paths beckon aspiring individuals: becoming an entreprenuer and embarking on the journey of busilding your own business, or choosing the intrapreneurial route within an established organisation. Assume you are more inclined to be an intrapreneur rather then an entrepreneur. Provide at least five reasons for your preference, and elaborate on each reason. Your explanations should draw from the key characteristics and challanges associated with each role.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?