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business
entrepreneurship

Questions and Answers of Entrepreneurship

=+• Were there some critical points in the development of the venture when the venture almost failed, or when you found
=+yourself at a critical crossroads in terms of some vital decision or issue that had to be addressed in a certain way or the venture would have failed?
=+• What would you do differently if you had it all to do over again?
=+• What key personal characteristics do you see in yourself that were especially critical for achieving success with this particular venture?
=+• What are your plans for the future in terms of the venture?
=+• What is your exit strategy or do you not have one?
=+• What advice, based on your own experience, do you have for a student interested in starting a venture today?35
=+1 Which of the three applicants do you think has the weakest entrepreneurial psychological profile? Explain your reasoning and how you think this profile could be detrimental to business success.
=+2 To which applicant would you recommend that the bank lend money? (Assume that each has asked for a loan of$50 000.) Defend your answer.
=+3 What advice would you give the entrepreneur with the weakest profile to increase their chances of future success?
=+1 What aspects of this case demonstrate the entrepreneurial mind and behaviour of Mrs Villaviray?
=+2 What aspects of entrepreneurial mind and behaviour would make Mrs Villaviray think to approach the BPRE and not the bank first for assistance and what is it about Mrs Villaviray that would give
=+3 Should Mrs Villaviray have found out more information before approaching the BPRE and does she know enough to enter
=+into this venture?
=+ How does this behaviour match with the characteristics of an entrepreneur?
=+1 In the article ‘Would future entrepreneurs be better served by avoiding university business education? Examining the effect of higher education on business student thinking style’, in the
=+discuss their findings in the context of your higher education experience.
=+2 An entrepreneur is often defined in terms of character traits. While these traits are varied and many, there is no escaping
=+the fact that your traits define who you are. Take a look at the article by Doug Arms (2014), ‘Build your personal brand in
=+four weeks’ published in Strategic Finance, 96(6), p. 41 and take the challenge to define and build your own brand to distinguish who you are and what you stand for among the entrepreneurial
=+3 Using Advanced Search/Person – About ‘steve jobs’/News, find information and articles and start a discussion on Apple’s Steve Jobs, particularly his entrepreneurial traits. Did he have a
=+1 To appreciate the role of entrepreneurship in challenging and urgent times
=+2 To classify the types of climate change effects on entrepreneurs as well as the opportunities that arise within the Asia–Pacific context
=+3 To review important concepts in climate change economics that impact on entrepreneurial activity
=+4 To appreciate the various emerging frameworks in entrepreneurial ecology
=+1 When the Indigenous operators first got together, what were the positives and negatives of this interaction?
=+2 How sustainable can entrepreneurs be when one member of the network refuses to adopt voluntary norms?
=+1 The book talks about ‘entrepreneurship as if the planet mattered’? In your view, what is the exact opposite of this worldview?
=+2 In your own country, what evidence is there in recent years that entrepreneurial activity helped bring the economy out of recession?
=+3 How is the Asia–Pacific region faring as far as climate change is concerned?
=+4 What is a necessity entrepreneur and how is this connected to population growth?
=+5 What are opportunities you can name for entrepreneurs in terms of changing world populations?
=+6 Are entrepreneurs responsible for global warming?
=+7 What animals in your area are victims of the anthropocene extinction event?
=+8 Can you describe an environmental market failure in your area?
=+9 Name three business ideas that show your understanding of ‘social discount rate’. For example, ‘beachfront property
=+development along the Tasman Sea will employ and house people today, but one hundred years from now our
=+descendants will come to grips with property and asset loss as a result of the rise on ocean levels’.
=+10 Name pairs of entrepreneurial ventures that demonstrate the difference between industrial entrepreneurship and sustainable entrepreneurship; for example, Hertz and Uber.
=+11 What part of your life belongs to the biosphere? To the sociosphere? To the econosphere?
=+12 Name three products that express positive entrepreneurship and three for negative entrepreneurship.
=+13 Give three good examples of up-cycled products.
=+14 Entrepreneurs are creating new frameworks of entrepreneurial ecology every day. Just think of Airbnb and Uber. Can you name some other entrepreneurial ventures that are creating this kind of
=+1 Which world share market is doing best right now?
=+2 Which stock (share) has dropped the most?
=+3 How is the price of cocoa tracking?
=+4 What are the trends in world oil prices?
=+5 What is the price of one barrel of West Texas Intermediate crude oil?
=+6 Which country has the highest predicted increase in GDP from this year to the next?
=+7 Which country has the lowest GDP growth and which has the highest?
=+8 Which region of the world has the lowest industrial production?
=+9 Which country has the highest and which has the lowest trade balance?
=+10 Which country has the highest budget balance as per cent of GDP? Based upon interest rates, where would you ideally invest your money?
=+11 Which country, Australia or New Zealand, is doing better in retail sales volume?
=+12 In which country, Australia or New Zealand, is a Big Mac sold at the best value? Which is the worst?
=+13 Make up five more questions that could be added to this exercise.
=+1 Would you agree with Michael Specter of the New Yorker magazine that Russ George is a geo-vigilante? Or do you
=+believe that humans do much worse than this every day and so doing something positive is ethical?
=+2 Would you support sending a rocket into space, spreading a few million tonnes of sulphur dioxide particles, and cooling the earth that way?
=+3 Which statement do you agree with:
=+a Entrepreneurs are destroyers so it follows that the business activities of entrepreneurs must be severely regulated and that someone must be empowered to do the constraining.
=+b Entrepreneurs are a creative force – we invent resources and improve the world — so we have to defend our liberty to repair the planet.
=+1 Search (climate denier) Or (climate sceptic) in magazines. Why do you suppose The Economist is mentioned so many times?
=+Can you tell the magazine’s position on climate change? Then choose News and Limit Search by Editorial. What position are the newspapers taking?
=+2 Search (deforestation) And (economic) And Publication Title (New York Times). What topics is the NYT covering and in what countries?
=+3 Search (entomophagy). What is the latest on eating insects to save the planet?
=+4 Search (reducing emissions from deforestation and forest degradation). What is REDD anyway and what are some examples?
=+ Why is it a business solution to deforestation?
=+5 Search (sustainability) and open up the Topic Finder/Visualization ¼ Tiles. Look for the keyword Start-up and read about the new ventures.
=+6 Keyword (anthropocene extinction). Do academic journals even carry this?
=+1 To examine the concepts of the social entrepreneur and the social business
=+2 To explore the mind-set of social entrepreneurs
=+3 To introduce the concept of ecopreneurship
=+4 To define the term ethics and the implications for entrepreneurs
=+5 To examine environmental crime and its temptations for entrepreneurs
=+6 To examine cross-cultural concepts of ethics and corruption
=+7 To examine the ethics of criminal entrepreneurs and their similarities to other entrepreneurs
=+8 To focus on the challenges that face disadvantaged entrepreneurs 1 Revenue drivers
=+• What percentage of climate-related costs will we be able to pass through to customers?
=+• How can we generate streams of revenue from new low-carbon products?
=+• What new forms of income (for example, carbon credits) will become available?
=+• What threats do we face from low-carbon substitute products?
=+• What will be the impact of weather patterns on revenue?2 Cost drivers
=+• How can we pass on our regulatory costs?
=+• Is there a chance that emissions will be taxed?
=+• How much will our raw materials costs escalate? And those of our competitors?
=+• How much will our energy costs rise?
=+• How will our risk profile affect our insurance premiums?23
=+• If you are invited by a business contact for dinner in China, is it a gift or a bribe to take a bottle of wine and a box of chocolates?
=+• Is it ethical to change the name of your business to make it appear that you are involved in movie production so that you can place a van on the streets and sell shoes outside a fashion
=+• Is it ethical to put pictures of young children in underwear in your advertising?
=+• Is it ethical to pad your expense account, conceal cash receipts from the tax office, pay your employees under the table, or copy a protected computer program?
=+• Is it ethical to put your business’s rubbish into a personal rubbish bin before you put it out on the street for collection if personal collection is free and business collection is taxed?
=+• A Harvard MBA student advertises a new dating app that leverages Facebook friends. Problem was that his sign-up counter was faked. The counter was incremented by a random number from 1 to 5
=+• What can you omit? Is it legal or ethical simply to omit telling a new employee that his stock options might possibly never be owned if the company is sold before a certain date?
=+ what is the right amount of unsolicited disclosure to employees, investors and customers?
=+• Suppose a close friend offered you access to the whole customer list of a competitor even though this entire database could be purchased legally (at considerable cost) from data suppliers?
=+• Who actually owns the start-up idea? If you are employed, doesn’t your employer own it?
=+Suppose it has been floating around but no one picked it up. If it’s not going to be pursued, who owns it?
=+• Is it fair to your family? Launching a new business can have considerable costs to your family. Is it ethical to give up steady income to do a start-up?

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