Concept explainers
Case summary: Prior to getting to be acclaimed, Person M began a few entrepreneurial businesses. As a business college understudy, he began a door-to-door clothing service for students. Afterward, he made an open air media organization that was bought by Company CC. While traveling back to Country A in the year 2006, Person M met a lady who was planning a shoe drive to convey gave shoes to poor kids of Country A. Shoeless children are presented to perilous hookworm, lockjaw, and other soil-based diseases. Person M saw that children’s who got gave shoes regularly misunderstood the size. Company T’s shoes was not the principal organization to utilize the "one-for-one" sustainability model, yet its prosperity is rousing numerous different business people to make their very own socially cognizant projects that make profit while helping other people.
Characters in the case: Company CC, Country U, Country A and Person M.
To discuss: The key areas to envision on starting a venture.
Want to see the full answer?
Check out a sample textbook solutionChapter 3 Solutions
M: Management
- Kindly answer this one, thank you. A.) What is entrepreneurship and social entrepreneurship? B.) What is entrepreneur, social entrepreneur and businessman?arrow_forwardIn your personal opinion, why is it important that the younger generation learn about entrepreneurship?arrow_forwardHow can your friends and social life, the things you do in your free time influence you to start a business?arrow_forward
- What characteristics does the entrepreneur appear to have? How do you believe these characteristics and the entrepreneur's cultural background influenced their success?arrow_forwardHow was the concept of shared value (the idea—advanced by Michael Porter and Mark Kramer from Harvard Business School—that companies should generate economic value in ways that promote social good.) utilized by Lifebuoy? Why do you think gaining internal support is important for bringing business value and social good together?arrow_forwardAs a student and member of this society, what do you think are the benefits YOU derive or experience from entrepreneurship? Has it improved your life one way or another? Explain in detail. You can cite examples to prove your point.arrow_forward
- Which characteristics, in your opinion, are crucial for an entrepreneur’s success?arrow_forwardExplain the following statement Entrepreneurship will transform learners to be innovators. How can entrepreneurship help the economy of a country? If you were an entrepreneur, which one of the fields of expertise of an entrepreneur would you be based on your choice of interest, talents, and other competencies? Why? Do you know any small business like a sari-sari store, talipapa or bakery in your barangay? Describe the nature of that business. What goods or services are offered by this business? What if this business does not exist? How would this affect your community? What can appropriate product and/or business be conceptualized during this COVID-19 pandemic? In case you want to build a business, what kind of business do you feel you're good in it or what nature of business do you want to build? List at least two businesses and why?arrow_forwardIf natural capitalism or eco-efficiency has been so good for some entrepreneurs, why haven’t all businesses moved in this direction?arrow_forward
- What is entrepreneurship in your own thoughts?arrow_forwardWhat 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 (Jamaica).Do you consider yourself an entrepreneur based on your exposure to the course material and the entrepreneur's story? Please explain your responsearrow_forwardThere several myths about entrepreneurs, including:- Entrepreneurs are born, not made. - Entrepreneurs are gamblers. - Money is the key to entrepreneurial success. - You have to be young to be an entrepreneur- You have to have a degree in business to be an entrepreneur. Describe your perceptions about any entrepreneurs in relation to the above myths. Are the myths true or false? Why or why not?arrow_forward