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entrepreneurship theory process practice

Questions and Answers of Entrepreneurship Theory Process Practice

2.6. Discuss the "dark side" of entrepreneurship
2.7. Identify and describe the different types of risk entrepreneurs face
2.8. Describe the major causes of stress for these individuals and the ways they can handle stress
2.9. Discuss the ethical dilemmas confronting entrepreneurs within a dynamic environment
2.10. Present strategies for establishing ethical responsibility and leadership
2.11. Examine entrepreneurial motivation.
2.1. Briefly describe the evolution of the term entrepreneurship.
2.1. Explain the typology of entrepreneurs distinctive journeys.
2.1. What are the elements of the entrepreneurial mindset?
2.1. What are the 12 myths associated with entrepreneur- ship? Debunk each.
2.1. What is the macro view of entrepreneurship?
2.1. What are the schools of thought that use the macro view of entrepreneurship?
2.1. What is the micro view of entrepreneurship?
2.1. What are the schools of thought that use the micro view of entrepreneurship?
2.1. What are the three specific types of displacement?
2.1. In the strategic formulation school of thought, what are the four types of strategies involved with unique elements? Give an illustration of each.
Define the terms gazelle, unicorn, decacorn, and hectacorn and discuss their importance.
Identify three of the future trajectories of the entrepreneurial mindset and discuss their implications.
3.1. Describe the entrepreneurial mindset within the context of a broader organization
3.2. Illustrate the need for entrepreneurial thinking in organizations
3.3. Define the term corporate entrepreneurship
3.4. Describe obstacles that prevent innovation within corporations
3.5. Summarize the considerations involved in reengineering corporate thinking
3.6. Describe the specific elements of a corporate entrepreneurial strategy
3.7. Explain the methods of developing managers for corporate entrepreneurship
3.8. Illustrate the interactive process of corporate entrepreneurship?
3. Explain the importance of entrepreneurial hustle and entrepreneurial coachability.
7. What are four causes of stress among entrepreneurs? How can an entrepreneur deal with each of them?
10. A small pharmaceutical firm has just received permission from the Food and Drug Administration (FDA) to market its new anti COVID-19 drug. Although the product has been tested for two years,
11. Explain the four distinct roles that managers may take in rationalizing morally questionable acts "against the firm" or "on behalf of the firm." Be complete in your answer.
12. Why do complex decisions often raise ethical consider- ations for the entrepreneur?
13. Cal Whiting believes that entrepreneurs need to address the importance of ethics in their organizations. How- ever, he is unsure of where to begin in his own company because the entire area is
14. What is the concept of entrepreneurial motivation, and how has it been depicted?
15. Explain the concept of entrepreneurial persistence and how it is being examined.
4.1. Describe the social entrepreneurship movement
4.2. Summarize common characteristics displayed by social entrepreneurs
4.3. Discuss the challenges of social enterprise
4.4. Explain the concept of shared value
4.5. Explain the value of benefit corporations
4.6. Explore the challenges of poverty and the liability of newness
4.7. Describe the global opportunities and challenges for social entrepreneurs
4.8. Summarize the newest developments that have expanded the global marketplace
4.9. Explain the methods of entering the international arena
4.10. Outline the key steps for entrepreneurs seeking global markets?
1. In your own words, what is corporate entrepreneurship?
6. What are five useful rules for innovation?
11. Why are innovation teams emerging as part of a new strategy for many corporations?
12. What are the roles of middle managers in corporate entrepreneurship? Be specific.
13. Describe the elements that are involved in sustaining corporate entrepreneurship.
Define a social entrepreneur.
5. How would you describe sustainable entrepreneurship?
Describe how entrepreneurship is a solution to global poverty and the liability of poorness.
10. How do the following organizations impact international entrepreneurship: USMCA, WTO, and the EU?
11. Identify the various methods available to entrepreneurs to “go international.”
12. What are the forms of international alliances?
13. How does a joint venture work? What are the advantages of this arrangement? What are the disadvantages?
14. How does a licensing arrangement work? What are the advantages and disadvantages of such an arrangement?
15. When entering the international marketplace, entrepreneurs should follow what five specific steps?
Summarize the opportunity identification process
5.2. Explain the sources of innovative ideas for entrepreneurs
5.3. Outline the major components of the creative process: knowledge accumulation, incubation process, idea experience, evaluation, and implementation
5.4. Describe ways of developing personal creativity: recognize relationships, develop a functional perspective, use your "brains," and eliminate muddling mindsets
5.5. Identify the arenas of creativity
5.6. Examine the factors for a creative climate
5.7. Introduce the four major types of innovation
5.8. Review some of the major myths associated with innovation and define the ten principles of innovation?
6.1. Explain the challenge of new-venture start-ups?'
6.2. Review common pitfalls in the selection of new-venture ideas ?
6.3. Present critical factors involved in new-venture development?
6.4. Study certain factors that underlie venture success
6.5. Explain the critical need for an effective entrepreneurial team?
Examine why new ventures fail?
6.7. Analyze the traditional venture evaluation process methods: profile analysis, the feasibility criteria approach, and the comprehensive feasibility method?
6.8. Highlight the contemporary venture evaluation methods: design methodology and the Lean Startup methodology?
6.9. Present the importance of new-venture legitimacy and the unique strategies for the differing audiences?
2. How are prior knowledge and learning important to the recognition of opportunities?
4. What is the difference between an adaptor and an innovator?
5. What are four major components in the creative process?
7. In your own words, state what is meant by the term innovation.
8. What are four major types of innovation?
9. Briefly describe the five major misconceptions commonly associated with innovation.
10. Identify and describe five of the innovation principles.
2. Describe some of the key factors involved in new-venture performance (use Figure 6.1).
6. Explain why the development of an effective entrepreneurial team is critical for today’s entrepreneurs.
8. Identify and discuss two examples of financial difficulties that can cause a venture to fail.
10. List four major types of problems that new ventures confront.
11. How can asking the right questions help an entrepreneur evaluate a new venture? What types of questions are involved?
12. Explain the traditional methods of new-venture evaluation:profile analysis, the feasibility criteria approach, and the comprehensive feasibility method.
13. Describe the contemporary methods of new-venture evaluation: design methodology and the Lean Startup methodology.
14. Explain a pivot and discuss the new research trends on its value.
15. Explain the importance of establishing the legitimacy of a new venture.
16. Identify the specific legitimacy strategies to use with each different audience that a new venture may confront.
1. Identify the founding team members and the key personnel in place to guide the proposed company.
1. Explain the team’s qualifications and how the critical tasks are being assigned. Also include any board of directors/advisers that are in place.
1. Finally, outline any “gaps” in the management team (in terms of skills and abilities) and explain how those will be addressed.
1. Explain the industry that this concept focuses on as well as whatever trends may exist in that particular industry today.
1. Discuss the target market analysis that has been used and what specific market niche that has produced. In addition, identify the market size, its growth potential, and your plan for market
1. Explain the customer profile in terms of who the specific customer is and—again—what value proposition(in terms of benefits) is being offered the customer.
1. Finally, be sure to include a competitor analysis that describes thoroughly the competition existing today and how specifically your concept will match up or exceed the competition and why.
1. Provide a detailed description of the proposed concept, including any unique features that make it distinctive.

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