Lesson 1 (3.0 points) 1. What is an entrepreneur? (0.5 points) An entrepreneur is a person who starts his or her own business‚ instead of working for someone else. 2. How are business entrepreneurs and social entrepreneurs different? (1.0 points) A business entrepreneur sells products or services to make a profit and a social entrepreneur starts a business or organization that is meant to improve society in some way. 3. What are products? (0.5 points) A product is something a person
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You are to find an article on an entrepreneur in a tourism or hospitality business and discuss your entrepreneur’s personal‚ sociological and environmental antecedents. Personal‚ sociological and environmental antecedents experienced by an individual and the consequences of these antecedents are critical in determining whether that individual has the capacity to become an entrepreneur or not (Zahra et al. 1999). For the purposes of this essay‚ the entrepreneur under discussion is Robert Ansett
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a. how does Snapple identify new products? b. how does Snapple decide how much to produce? 3. Don’t forget to read the ethnographic research in the back of the case. Snapple Discussion Questions This is an interesting case on how entrepreneurs can make $1.7B‚ how a major firm can lose $1.3B‚ and how a well-trained manager can be a hero. Pay particular attention to product development and a focus on customer needs. (This case is now due on Monday‚ October 15‚ which gives you an extra
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Business Plan 9 Determine the Resources Required 9 Manage the Enterprise 10 How Entrepreneurs Think 10 Effectuation 10 Cognitive Adaptability 13 As Seen in Entrepreneur Magazine: What Me Worry? .How Smart Entrepreneurs Harness the Power of Paranoia 14 Learning from Business Failure 18 Recovery and Learning Process 20 A Dual Process for Learning from Failure 21 Ethics and Social Responsibility of Entrepreneurs 21 Ethics: Company’s Code of Ethics 23 Role of Entrepreneurship in Economic Development
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Introduction to Case Study Suraj Bhai‚ currently an entrepreneur moved from Surat to Delhi in 1985. Started work on jewelry shop. Diamond Grading Certification from Gemological Institute. Opened his own jewelry shop in 1997. Continue.. Initial Shortfalls. 1998‚ went online; found his first dealer. First 3 month turnover 200‚000 INR. Strived his way as an intermediary. Who is an Entrepreneur? An entrepreneur is an individual who owns a firm‚ business‚ or venture
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........................2 Selection of appropriate labour......................................................................3 Sources of fixed and working capital..............................................................4 Role of the entrepreneur................................................................................5 Types of production........................................................................................6 Levels of production...............................
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Malincho Case Study The Timmons entrepreneurship is a model that considers opportunities teams and resources available to an entrepreneur and holds that success depends on the ability of the entrepreneur to balance these critical factors. When applying the first part of the Timmons model to the Malincho case‚ Kalin got the idea of importing feta cheese and selling it to fellow Bulgarians on the East coast of America who were hungry for a taste of home. Once he identified this opportunity‚
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to the constituencies served and for the outcome created’( Gregory Dees 1998). Differences between entrepreneurship and social entrepreneurship will be analysed.According to Roberts and Woods (2005‚ p.50) “Social entrepreneurs are motivated to address a social need‚ entrepreneurs a financial need”. This can be explained why financial results will be a measurement by entrepreneurship. Indeed‚ an ability to generate more or less profits to the owners will be determined for the success or failure
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a clear idea about the clientele you want. You may have experienced employees‚ available facilities‚ existing products and market and desirable location‚ but you must think about the quality and what makes your business unique. Question 2 Entrepreneurs is the definition of success and to be successful you should have some characteristics. Anna Bryant has some of these characteristics‚ the first one of them is that she loves making people look their best and enjoy it. That makes her give all
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an entrepreneur can do to deliver value to customers is to be a risk taker. The entrepreneur needs to know how to create and innovate something that is different than what the competitors had in market. For example‚ running a food truck business is not common here in Malaysia 5 years ago but because of one person decided to make a business using food truck‚ it shows that the person is brave enough to try something new and obviously it pays off. Other than being a risk taker‚ and entrepreneur also
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