The three stories discussed at the beginning of the chapter are to some extent exceptions to the rule in the amount of success the entrepreneurs experienced. What then is their significance in illustrating entrepreneurial opportunity? Are these stories misleading?
Answer to relevant QuestionsThe motivators/rewards of profit, independence, and personal fulfillment are the reasons that individuals enter entrepreneurial careers. What problems might be anticipated if an entrepreneur were to become obsessed with one ...1. Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur?2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?3. What kinds of problems is ...Why might small business CEOs focus more attention on profit and less on social goals than large business CEOs do?1. What are the advantages and possible drawbacks to Wilson’s title-transfer scheme?2. Which stakeholders are affected by this approach, either positively or negatively? How great are their gains/losses?3. Wilson finds it ...Explain what is meant by the term focus strategy? What are the advantages and disadvantages of a focus strategy?
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