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- What should you do after you have written your company's vision?Several factors are driving the boom in entrepreneurship, including the portrayal of entrepreneurs as heroes, better entrepreneurial education, economic and demographic factors, a shift to a service economy, technological advances, more independent lifestyles, and increased international opportunities.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 distributionThe Covid 19-pandemic has negatively and positively impacted some businesses. However, what hasalways remained the same are those important aspects of entrepreneurship that enablesentrepreneurs to control their own business. In light of the Covid 19-pandemic, critically discuss the statement above. long answers
- 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 criteria for the greatest entrepreneurs to be considered were simple. If they had the vision to create new markets and change the way people lived in the process, then they were candidates. Review the 25 Most Important Entrepreneurs of the Past 25 Years. https://www.worth.com/25-entrepreneurs-25-years/ I found these two descriptions about these people below: STEVE JOBS COFOUNDER, APPLE » BIO: Born in San Francisco in 1955, Jobs started Apple Computers with Steve Wozniak in 1976. A decade later, the two parted ways when Jobs left the company, but he returned in 1997 to turn it around—and he changed our relationship with tech and the internet with the creation of the iPhone and iPad. He died in 2011 following a battle with pancreatic cancer. » TAKEAWAY: Design matters, even when you can’t see it. It always came first for Jobs. “Customers don’t know what they want until we’ve shown them,” he famously said. His obsession with detail and careful design—and his ability to wow an audience…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
- The concept of Social corporate entrepreneurship unites the passion of a social mission with an image of business-like discipline, innovation, and determination. KFC implemented the idea by running some of its outlets by dumb and deaf staff. Do you think it was a step to improve its goodwill or a gesture of empathy? How will you justify both the concepts? Explain with pros and cons.1. What is an entrepreneur? How would you analyse a local entrepreneur you are familiar with. 2. “Every entrepreneur needs to be a leader in their company.” Explain with the help of a suitable example. 3. Entrepreneurship is “high-risk but also can be high reward.” Comment.1. Define the term entrepreneurship 2. If you will be the mayor/governor of your community someday, what incentives would you put into place to encourage entrepreneurship? 3. Describe the current environment for entrepreneurship. How does it differ from the environment pre-2000? 4. How do entrepreneurial ventures differ from small businesses?
- 1.What are the Advantage and Disadvantages becoming a business manager (Employed) rather than venturing in Entrepreneurship?Provide atleast 3 Each & explain each Advantage and Disadvantages. 2.What are the Advantages of invention of money in the field of Entrepreneurship( Provide atleast 3)?what is the impact/effect of invention of money to the modern day Entrepreneurship? 3.Explain why it is said that "Entrepreneurship is the life blood of ant economy?minimum of 100 words.Need answer for below two questions: 1. Do you anticipate that entrepreneurship will continue spreading throughout the world, or do you think its appeal will subside over time? 2. What does evidence show us about the rate of failure associated with entrepreneurial ventures?-What is ecopreneurship, and how does ecovision play a role? Outline some specific recommendations for entrepreneurs to consider that promote environmental awareness. -Define social entrepreneur. -Describe the challenging boundaries involved with social enterprise.