Explain the following benefits of am entrepreneur ° create on destiny ° reach following potential ° generate improsive wealth ° make am difference
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Explain the following benefits of am entrepreneur
° create on destiny
° reach following potential
° generate improsive wealth
° make am difference
Step by step
Solved in 3 steps
- Why was Andrew Houston, the creator of Dropbox, a unique entrepreneur?Would Kristina Jones’s entrepreneurial/start-upstory be an effective element to include in CourtBuddy’s marketing efforts? Why or why not? Howwould this compare with the marketing efforts bysomeone such as Tata Harper1. What makes being an entrepreneur unique compared to other professions or careers? 2. Give a specific example of each of the social and economic benefits of entrepreneurship. b.d.e.g.h.3. What are the common and core competencies of an entrepreneur? Choose one common competency and one core competency. Discuss each. citing examples. 4. Explain the concept of STEEPLED. 5. What are the 7Ps of marketing? Briefly describe each. a. b. C.d. e.
- 1.What are some reasons for success or failure of entrepreneurs?2.What are the widely used legal structures for entrepreneurs? Explain each one and its implications for paying taxes.3.What method is commonly used to research trends in the market?4.What need in the market does your product or business fill?5.What are the four Ps of Marketing? Explain each one, you can include examples. _______ Manju asks for your advice in opening a newbusiness. She plans to provide tax-related services to individuals and small-business owners inher community. Of course, she wants an attractive means of starting and operating her businesswith a reasonable hope of succeeding in it. Whatwill be your advice?a. Start your own independent business.b. Form a partnership with a CPA.c. Consider purchasing a franchise.d. Forget about opening the business becauseit is too risky.e. First secure a loan from the Small BusinessAdministration.The most important reward of being an entrepreneur is: Select one: a. Independence b. Wealth c. Professional growth d. Personal satisfaction Technological improvements along an S-curve tend to be ________, building on prior developments, and taking place within an existing paradigm. Select one: a. Comprehensive b. Incremental c. Extreme d. Radical This role of entrepreneurship in economic development is when entrepreneurs combine the factors of production, and also introduces new ideas and new combination of factors. Select one: a. Promotion of capital formation b. Creating social change c. Creating innovation d. Wealth creation and distribution
- Answer the following briefly. Cite examples if necessary. Define entrepreneurship Identify the characteristics of successful entrepreneurs Identify the critical components of an effective business plan Discuss the competitive forces that determine industry profitability Articulate a new venture’s business model Explain the business planning process Describe how to create strong ethical culture in an entrepreneurial venture3. Do you think one can succeed as an entrepreneur without knowing the dynamics of marketing products? Discuss. To what factors would you attribute his success of this happens?Choose one entrepreneur 1. Find about his/her reasons for going into business 2. What are the Major challenges in their business? 3. What are their learmings from both successes and failures? Use the 12 M’s to succesful entrepreneurship to probe deeper: money, model, mentors, message, market, mindset, machinery, methods, management skills, moving forward, mission, and mastery
- 1a) Type of entrepreneurship b) Entrepreneurial skill c) Challenges as an entrepreneur in setting up business d) Environmental problems your business intend to find solution to1. Define entreprenuership. 2. Elobrate 3 essence of entrepreneurial behaviours. 3. Examine 2 separate ways that entrepreneur identify new business, product, and service opportunities.discuss the objectives of an entrepreneur. use the below points as part of discussion 1. To gain control over one’s destiny 2. To reach full potential 3. To contribute to society and be recognised for their efforts 4. To start a new career 5. To make a profit