100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
MBA 622 Midterm || with 100% Accurate Solutions. €12,74   In winkelwagen

Tentamen (uitwerkingen)

MBA 622 Midterm || with 100% Accurate Solutions.

 5 keer bekeken  0 keer verkocht
  • Vak
  • MBA 622
  • Instelling
  • MBA 622

Entrepreneurship correct answers the process by which individuals, either on their own or in organizations, pursue opportunities without regard to the resources they currently control (Stevenson) Entrepreneurship mindset correct answers -opportunity focused -risk taking -innovative -growth or...

[Meer zien]

Voorbeeld 3 van de 22  pagina's

  • 20 augustus 2024
  • 22
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden
  • MBA 622
  • MBA 622
avatar-seller
MBA 622 Midterm || with 100% Accurate Solutions.
Entrepreneurship correct answers the process by which individuals, either on their own or in
organizations, pursue opportunities without regard to the resources they currently control
(Stevenson)

Entrepreneurship mindset correct answers -opportunity focused
-risk taking
-innovative
-growth oriented

External Economic variables correct answers economic environment, competition, new
laws/regulations, labor supply, sources of capital, and more

Economic growth correct answers technological innovation is critical
-tech lowers the cost of information and producing

Globalization correct answers means goods and services can be traded anywhere in the world

New Industry formation correct answers are born when tech change produces a novel
opportunity that an enterprising entrepreneur seizes

SBA correct answers U.S Small Business Administration

SBA definition of small business correct answers a firm with fewer than 500 employees

Small businesses correct answers -represent 99.7% of all employers and pay more than 45% of
total US private payroll
-have generated 65% of net new jobs over the past 15 years

Economic development in 3 Categories of countries correct answers -Factor driven
-Efficiency driven
-Innovation driven

Factor-driven economies correct answers Created out of necessity and rely on unskilled labor
and extraction of natural resources

Efficiency-driven economies correct answers growing and in need of improving their production
processes and quality of goods produced

Innovation-driven economies correct answers the most advanced and where business compete
based on innovation and entrepreneurship

3 Primary Characteristics of Startups correct answers -Innovative
-value creating
-growth oriented

,Risk in entrepreneurial process correct answers inherent part but, with more info over time and
validation from the market is the impact of that risk

Fuzzy front end correct answers occurs prior to launch
-the entrepreneur must gather info about the industry and market, test the business model, and
determine the conditions under which she will move forward

Push entrepreneur correct answers the mechanism that drives someone to become a nascent
entrepreneur because all other opportunities for income appear to be absent or unsatisfactory

Pull entrepreneur correct answers the mechanism that attracts an individual to an opportunity and
creates a "burning desire" to launch a business and capture a market

SBA start up stats correct answers -half will survive 5 years or more
-1/3 will survive 10 years or more

Common reasons for start-up failure correct answers -entrepreneurs come up with a solution
looking for a problem; they have not identified a real need in the market
-the solution does not differ from what is already in the market
-the business model is not tested

Start-ups that survive correct answers display superior levels of reliability and accountability in
performance, processes, and structure

The vital issue for an entrepreneur correct answers is to minimize the cost of possible failure to
recover quickly

Current Entrepreneurial Trends correct answers -digital anonymity
-return to Domestic Manufacturing & Craft
-Big data
-The lean startup movement

6 Myths of Entrepreneurship correct answers -it takes a lot of money to start a business
-it takes a great idea
-the bigger the risk, the bigger the reward
-a business plan is required for success
-entrepreneurship is for the young and reckless
-entrepreneurship cannot be taught

Paths to entrepreneurship correct answers • The home-based entrepreneur
• The serial or portfolio entrepreneur
• The nonprofit entrepreneur
• The corporate entrepreneur

, Home-based Entrepreneur correct answers -some of these are hobbies, consulting, or free lance
businesses
-many others compete with large brand-name businesses
-Tech has made it possible to do business from anywhere
-SBA: 51% of small businesses are home-based

The Serial Entrepreneur (Portfolio) correct answers -interested with the thrill of starting a
business that they like, and once established, they move on to create another

Portfolio Entrepreneur correct answers owns a stake in several ventures

Nonprofit Entrepreneur correct answers -typically focus on educational, religious or charitable
goals
-they seek tax-exempt status so that they can attract donations
-NPOs can and should make a profit but, it must stay within the firm

Corporate Entrepreneur correct answers -encouraged in existing organizations
-4 models: Opportunistic, Enabler, Advocate, Producer

General Characteristics of Entrepreneurs correct answers more likely to come from poor or
middle-class families than from wealth

Mentor: value correct answers someone who can be your
-guide
-sounding board
-champion
-gateway to contacts you would not otherwise meet

Networking correct answers The exchange of information and resources among individuals,
groups, or organizations whose common goals are to mutually benefit and create value for the
members

Networking: Strong ties correct answers close friends and family

Networking: Weak ties correct answers acquaintances and business contacts

Networking: Brokering correct answers leveraging contacts in your network to access additional
connections

Barriers to self-employment correct answers -lack of confidence
-financial needs
-startup logistics
-personal or family issues
-time constraints
-lack of skills

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper FullyFocus. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €12,74. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 82977 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€12,74
  • (0)
  Kopen