Management, Loose-Leaf Version
13th Edition
ISBN: 9781305969308
Author: Richard L. Daft
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 6DQ
Summary Introduction
To determine:
The approach followed by the entrepreneur to be successful with very less planning.
Introduction:
Entrepreneurship refers to the willingness and capacity to manage, organize and develop a business venture by assuming risk in order to earn a profit. In other words, it refers to the process wherein an individual plan, unveil and run a business.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
In enterprenuership , discuss how you would get the right resources for a start up business?
Successful entrepreneurs are willing to take risks, explore new ideas, and ask questions when required. Discuss if you agree or not.
Which Common Myths about Entrepreneurs do you know? Which one seems more realistic for you?
Chapter 6 Solutions
Management, Loose-Leaf Version
Ch. 6 - Prob. 1OTJVCCh. 6 - Prob. 2OTJVCCh. 6 - Prob. 3OTJVCCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQCh. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQCh. 6 - Prob. 7DQ
Ch. 6 - Prob. 8DQCh. 6 - Prob. 9DQCh. 6 - Prob. 10DQCh. 6 - Prob. 1EECh. 6 - Prob. 2EECh. 6 - Prob. 3EECh. 6 - Prob. 4EECh. 6 - Prob. 5EECh. 6 - Prob. 6EECh. 6 - Prob. 7EECh. 6 - Prob. 8EECh. 6 - Prob. 9EECh. 6 - Prob. 10EECh. 6 - Prob. 11EECh. 6 - Prob. 12EECh. 6 - Prob. 13EECh. 6 - Prob. 14EECh. 6 - Prob. 15EECh. 6 - Prob. 1SGBCh. 6 - Prob. 1EDCh. 6 - Prob. 2EDCh. 6 - Prob. 3EDCh. 6 - Prob. 1CFCACh. 6 - Prob. 2CFCACh. 6 - Prob. 3CFCA
Knowledge Booster
Similar questions
What characteristics made Vic Ahmed a successful entrepreneurs?
arrow_forward
What does it mean when we say that an entrepreneur should work on the business, not in it?
arrow_forward
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…
arrow_forward
3. Why doesn’t being smart easily translate into being rich?
4. How do entrepreneurial dimensions of individuals, environments, and organizations interact to produce new ventures?
arrow_forward
How to Start a Business?
arrow_forward
Explain 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
What does your business do poorly, What problems could be avoided?
arrow_forward
Who are entrepreneurs? Do you know anyone who has their own business? What characteristics do they have? What about celebrity business owners? Who are some of the entrepreneurs you admire (famous, or not famous)?
arrow_forward
DO YOU HAVE THE RIGHT STUFF TO BE AN ENTREPRENEUR?
Instructions: Entrepreneurship isn't just about a good business idea. It's a matter of temperament. Some have it, some don't. Do you? Test yourself. And be honest; there are no "right" answers. If you had what you thought was a good idea for a start-up, how
would you fi nance it?
a. A loan. That's why banks exist.
b. To hold down my exposure, I'd hit up friends and family.
c. I'd take out a second mortgage on my house.
d. I'd sell my house if it came to that.
arrow_forward
Why do people choose to be entrepreneurs ?
A. The challenge, they hate working for other people, they see no other choice.
B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves.
C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked.
D. None of the above.
arrow_forward
In entrepreneurship, what are my strengths, weaknesses, opportunities, and threats to becoming a seller on Amazon?
arrow_forward
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?
arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub