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 8DQ
Summary Introduction
To determine:
The factors that enable us to identify whether an individual can guide venture as it matures and grows, or he will be better as a serial entrepreneur.
Introduction:
Start-up refers to the venture which is newly started and intended to meet the problem, wants and need of the marketplace by establishing optimum business model around platform, processes, services or products.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
1. Does someone need to start a business from scratch to be called an entrepreneur?
2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents?
3. If someone starts a small business and never needs to hire employees, can they be called an entrepreneur?
Everyone admires an entrepreneur, but maybe that is because no one knows exactly what he or she does. A description of entrepreneurial duties has never been solidified, and Wirtz explains that this is an ongoing problem for those wanting to measure such duties and responsibilities, as well as for those wanting to conduct research into the successes and failures of entrepreneurship.
How did you move from being a young (child) entrepreneur to becoming an employee or thinking of becoming just an employee?
Which skill(persuasion, leadership, personal accountability, goal orientation, and interpersonal skills) do you believe is the most important to make a successful entrepreneur? Why do you believe this skill is of such importance? What makes it more important than the other skills?
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 does it mean when we say that an entrepreneur should work on the business, not in it?arrow_forwardWhat differentiates an entrepreneur from a small-business owner?arrow_forwardHow do you decide whether you are better suited to be a serial entrepreneur or whether you can guide your venture as it grows and matures?arrow_forward
- To what extent do good intentions make an entrepreneurial venture ethical? Do you agree that the Buy One Give One business model may have unintended consequences?arrow_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_forwardWrite 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_forward
- With the concepts you learned about Entrepreneurship, read and answer the following questions base on your opinion. Do you know someone who is an entrepreneur? How do you think an entrepreneur benefits from his/her business? Why should an entrepreneur be a leader, a communicator, a specialist, and a problem solver? If you could add one more from the common traits that entrepreneurs should have, what would it be and why?arrow_forwardOverview There is much that you can learn from other experienced entrepreneurs. Many new businesses are started every year, so receiving external input can give you an advantage when beginning your own entrepreneurial venture. A good way is to start looking around you. Is there an entrepreneur you know who you would like to hear insights from? For this assignment, arrange for an interview with that entrepreneur and prepare thoughtful questions to ask. This will be helpful in the course as you work on your Business Model project. Instructions choose an entrepreneur (preferably not a family member) and Talk about about their job and entrepreneurial journey. Approach the interview with a goal in mind and think of specific questions that could help you achieve that goal. Some examples of these questions might include the following: Why did you choose to become an entrepreneur? What is your approach to risk? What customer segment do you cater to? How did you choose your customer segment?…arrow_forwardWhat does it mean to be an entrepreneur? The road to entrepreneurship is often a hard one filled with unexpected detours, roadblocks &dead ends. There are lots of sleepless nights, plans that do not work out, funding that does not come through &customers that never materialise. It can be so challenging to launch a business that it makes one wonder why anyone willingly sets out on such a path. Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition &fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.An entrepreneur identifies a need that no existing businesses addresses &determines a solution for that need. Entrepreneurial activity includes developing &launching new businesses &marketing them, often with the end goal of selling the business to turn a profit. An entrepreneur who…arrow_forward
- What does it mean to be an entrepreneur? The road to entrepreneurship is often a hard one filled with unexpected detours, roadblocks &dead ends. There are lots of sleepless nights, plans that do not work out, funding that does not come through &customers that never materialise. It can be so challenging to launch a business that it makes one wonder why anyone willingly sets out on such a path. Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition &fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.An entrepreneur identifies a need that no existing businesses addresses &determines a solution for that need. Entrepreneurial activity includes developing &launching new businesses &marketing them, often with the end goal of selling the business to turn a profit. An entrepreneur who…arrow_forwardYou inten intend to start a business with few friends producing independent movies for Netflix you have heard of a concept called The Liability of newness that suggest that that new firm are more likely to fail relative to other ones discuss four strategies that your entrepreneurial team will adopt to overcome this liabilityarrow_forwardWhat personal and business goals would you hope to achieve by starting your company?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub