Subject: Introduction to Entrepreneurship Notes to guide your response: Gordon Butch Stewart is a successful Jamaican businessman. He possesses characteristics such as creativity, innovation, risk-taking, leadership, social skills, planning, dependability, discipline, passion and hard work. Question 1: How do you think these characteristics listed above and the entrepreneur's cultural background influenced their success?
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Subject: Introduction to Entrepreneurship
Notes to guide your response: Gordon Butch Stewart is a successful Jamaican businessman.
He possesses characteristics such as creativity, innovation, risk-taking, leadership, social skills, planning, dependability, discipline, passion and hard work.
Question 1: How do you think these characteristics listed above and the entrepreneur's cultural background influenced their success?
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Solved in 2 steps
- 1. What is Tristan’s greatest achievement?2. What was that one thing that enabled him to be a successful entrepreneur?Set 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. Do you think entrepreneurship is not for everyone? Why or why not? 2. Why is the environment considered to be a factor in the sucess or failure of entrepreneurships? 3. In terms of support for entrepreneurship, how may the environment be classified? 4. What does personality men? What does it include? 5. What personal traits are considered important to the entrepreneur?
- Answer the following questions after reading the case study given at the end. 1. What type of entrepreneur was Mr. Shahid? 2. Which entrepreneurial characteristics does Mr. Shahid have that may be important to his success? 3. Which characteristics could lead to Mr. Shahid’s failure? 4. What steps should Bill take to avoid the pitfalls common to a small business? Case Study: Mr. Shahid was a real craftsman when it came to being a machinist. Mr. Shahid had learned almost all that he knew from Daud, his first and only employer. Mr. Shahid was married and had three young children. He was 33 years old and had worked for Daud ever since he finished his tour in the Army. In 12 years, Mr. Shahid had polished his skills under the watchful and critical eye of Daud. Daud was quick to recognize Mr. Shahid's talent for the trade. Mr. Shahid had a positive attitude about learning and displayed a drive for perfection that Daud admired. Daud's Machine Shop was a successful small…FAMOUS ENTREPRENEUR: BILL GATES Questions: 1. Give a short background about the entrepreneur and why he is worthy of emulation. 2. What makes him/her a Social Entrepreneur?1-Are Babbage and Hull entrepreneurs? Explain ! 2-Compare and contrast their personal qualities !
- Although no single set of traits identifies the ideal start-up leader, a demanding, driven nature is a fairly common characteristic. Consider these brief profiles of entrepreneurs: first, a profile on Walt Disney and then a profile on Steve Jobs as well as this video showing a contrasting view from Kerrie Laird at Vodafone. https://www.youtube.com/watch?v=IdIHxSp3qP4 After watching the videos, consider this thought experiment: Suppose the cult of the charismatic—but dogmatic—entrepreneurial leader such as Walt Disney or Steve Jobs were replaced with one steeped in a commitment to employee empowerment that Kerrie Laird claims for Vodafone? Could this change the culture at start-ups? If it could, do you believe that change would be for the better or worse?Steve Jobs recommended that entrepreneurs "live widely". Jean-Baptiste Say stated that "The entrepreneur must have special personal qualities: judgment, perseverance, and a knowledge of the world as well as of business." Why would Israel Kirzner agree with those statements?What is an entrepreneur? How would you analyse a local entrepreneur you are familiar with. “Every entrepreneur needs to be a leader in their company.” Explain with the help of a suitable example. Entrepreneurship is “high-risk but also can be high reward.” Comment.
- 1. Entrepreneurship, the concept has a huge meaning. When you hear the word, or when you think of an entrepreneur, what do you think of? 2. What do you think it takes to be a successful entrepreneur? What qualities must a person have (smart, serious, rich, etc.) to be an entrepreneur? What does it take for a person to be a successful business person? 3. If you were given one million dollars to start your own business, what are the steps you would take? What do you think you would need to start? What do you think you would need to continue to be successful? Think about how you would use one million dollars for a business idea and describe what you would do in 4-5 sentences. 4. Successful people often describe their relationships with mentors. If you could pick anyone to be your mentor in business, who would you pick and why? (It can be a celebrity, or a public figure) 5. A great business can find little success if no one knows about the company or product. What are some ways an…The foundation is inconsequentialThe syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted…Leadership in Action Zhang Xin: The Humble Chinese BillionaireClose to half of the world’s self-made female billionaires are Chinese (Forbes, 2013). This does not come as a surprise to Zhang Xin, who ranks fifth in that list. She believes: “China is so entrepreneurial . . . there are no glass ceilings” (Financial Times, 2011). “We all grew up with parents who both worked for equal pay. There was no such thing as a lady of leisure” (Foster, 2010). Zhang’s story is not unusual for her generation. Born to well-educated parents who were forced to work in the fields during Mao’s revolution, Zhang is not a stranger to hardship and hard work. While working in factories and living in poverty with her mother in Hong Kong, she saved enough to buy a ticket to the United Kingdom where she attended Cambridge University. Her intelligence, hard work and perseverance landed her a job with Goldman Sachs. However, while quickly rising in the organization, she did not feel that she fit in: “I think…