Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 1PPT
Summary Introduction
To discuss: The interactive entrepreneurial quiz and checking whether there are qualities to be a successful entrepreneur or not.
Introduction:
The person who risks time and money to start and manage a business are known as entrepreneurs.
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Answer the following question, giving explanations and examples.1. It describes the internal and external business plan. What are thetypes of entrepreneurial business plans? How does an enterprise geta successful business plan?
1.What are the risks and benefits of becoming an entrepreneur as opposed to working for others?
2.What is the major challenge presented by competitors like Amazon and Uber to Grubhub's business?
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?
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Almost anyone can develop the qualities necessary to succeed asan entrepreneur. To illustrate, consider this question.Who among the following is the most successful entrepreneur?Choose two persons rom the given scenarios then explain and justify. Give examples and situations to support your answers. 1. A 35 year-old farmer who has owned a two hectare pineappleplantation for 10 years, makes just enough to get by, but loveswhat he is doing, and calls everyone in the barangay a friend.2. A 30 year-old CEO of a software firm who works 70 hours aweek, stays stressed, never sees his family, but makes five millionpesos in revenue per year.3. A 35 year-old single mom who makes money online withinternets, and gets to spend all the time she wants with her kids.4. A 22 year-old college dropout who created a few websites thathe manages a few hours per week and now makes enough totravel the world, spends time with friends and family, and pursueshis favorite hobbies.arrow_forwardEmphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explainarrow_forwardExplain the pros and cons of being an entrepreneur. How would you determine if an individual possesses the characteristics that it takes to creating their own business (self-direction, level of uncertainty, etc.)?arrow_forward
- Write an essay discussing the value of a business plan and identify the different function essential in managing a entrepreneurial venture. Your essay should contain atleast 300 words.arrow_forwardWhat is really a great idea? And how an entrepreneurial mind-set relates to ideas and opportunities? 150 wordsarrow_forwardName three traits of successful entrepreneurs and explain in detail why they are important qualities for an entrepreneur to possess. What is entrepreneurial ego? How can an entrepreneur keep entrepreneurial ego in check? Why do complex decisions often raise ethical considerations for the entrepreneur?arrow_forward
- Consider a highly successful person. Which aspects of his or her success are due to luck and which come from dedication? How does your passion relate to your desired impact? What is an Entrepreneurial Mindsetarrow_forwardWhat could be possible solutions for these challenges? What do you recommend being an entrepreneur?arrow_forwardTypes of entrepreneurial challenges? And how can an entrepreneur overcome these challenges?arrow_forward
- Write the definition for each of the six characteristic of and entrepreneur. The characteristics given are: (1) vision (2) energy (3) tolerance of uncertainty (4) self-reliance (5) confidence (6) tolerance of failure After defining each characteristic of an entrepreneur given in Chapter 7, answer the following questions: Do you possess any of the entrepreneurial characters discussed above. List each characteristics, you possess then answer the following questions: Have you already started a business? Are you considering starting your own business? If so, what type of business? If you have no desire to start a business, explain why.arrow_forwardGive at least ten common business existing and operating in our local community. Classify them as to form and nature. Then share your findings in class by answering these questions. 1. What is the most common form and nature of entrepreneurial ventures in our community? 2. What do you think are the probable reasons?arrow_forwardIn your initial response, please respond to the following questions: 1. Why do some businesses succeed while others fail? List and explain three main reasons why businesses fail. 2. Starting a new business from scratch can seem like a daunting proposition. Accordingly, some entrepreneurs may choose to buy a business that is already established, or purchase a franchise from a business that already has name recognition.arrow_forward
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