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entrepreneurship
Entrepreneurship Theory Process And Practice 10th Edition Donald F. Kuratko - Solutions
=+14 Is your personal entrepreneurship education curriculum relevant to you?
=+15 What personal gain do you expect out of your entrepreneurship education?
=+16 Are you in an entrepreneurial university?
=+1 Within your own culture, find those success stories and role models who tolerate honest mistakes, take honourable failure in their stride, permit risk taking and cultivate contrarian thinking. Who is it within your own personal circle who respects
=+entrepreneurship as a worthy occupation?
=+2 Identify knowledgeable people who have experience in creating organisations, hiring, and building structures, systems and controls.
=+3 Find the mentoring organisations and industry associations that help investors and entrepreneurs network and learn from one another.
=+4 Locate the educational institutions (or even online tutorials) that teach financial literacy and entrepreneurship.
=+5 Pay attention to the public infrastructure you will be needing, such as transportation (roads, airports, railways, container shipping) and communication (digital, broadband, mobile).
=+6 Think about relocating yourself to a geographic location that has a concentration of people who think like you do. This might be close to universities, training institutions, suppliers, consulting companies and professional associations.
=+7 Subscribe to, or become a member of, formal or informal groups that link entrepreneurs in the country or region and diaspora networks – in particular, high-achieving expatriates
=+8 Always be on the lookout for fellow travellers who, like you, are pursuing venture-oriented professions, such as lawyers, accountants and market and technical consultants.
=+9 Stay in touch with your potential customers who are willing to give advice, particularly on new products or services.87
=+1 An instructor in one of your classes has asked you to vote on three grading options. Which of these options would you choose?
=+a Study the course material, take the exams and receive the grade I earn
=+b Roll a dice and get an A if I roll an odd number and a D if I roll an even number
=+c Show up for all class lectures, turn in a short term paper and get a C
=+2 How would you describe yourself as a risk taker?a High b Moderate c Low
=+3 You have just been asked by your boss to take on a new project in addition to the many tasks you are already doing. What would you tell your boss?
=+a Since I’m already snowed under, I can’t handle any more b Sure, I’m happy to help out; give it to me
=+c Let me look over my current workload and get back to you tomorrow about whether I can take on any more work
=+4 Which one of these people would you most like to be?a Steve Jobs, founder of Apple Computers b Donald Trump of Apprentice television show fame c Richard Branson, Virgin Airlines
=+5 Which one of these games would you most like to play?a Monopoly b Bingo c Roulette
=+6 You have decided to become more physically active. Which one of these approaches has the greatest attraction for you?a Join a neighbourhood sports team b Work out on my own c Join a local health club
=+7 With which one of these groups would you most enjoy playing poker?a Friends b High-stake players c Individuals who can challenge me
=+8 Which one of these persons would you most like to be?a A detective solving a crime b A politician giving a victory statement c A millionaire sailing on their yacht
=+9 Which one of these activities would you prefer to do on an evening off?a Visit a friend b Work on a hobby c Watch television
=+10 Which one of these occupations has the greatest career appeal for you?a Computer salesperson b Corporate accountant c Criminal lawyer
=+1 High achievers take personal responsibility for their actions. They do not like to rely on luck. The third option (c) assumes the class time saved by not having to study for exams will be used to study for other classes; otherwise the answer would be a zero.
=+2 High achievers are moderate risk takers in important situations.
=+3 High achievers like to study a situation before committing themselves to a course of action.
=+4 Jobs was a high-achieving individual but was more interested in design and engineering than in goal accomplishment.Trump is an extremely high-achieving salesperson/executive.
=+5 Monopoly allows the high achiever to use their skills. Bingo and roulette depend on luck.
=+6 The high achiever would work out on their own. The second-best choice is to join a health club, which allows less individual freedom but gives the chance to get feedback and guidance from individuals who understand how to work out effectively.
=+7 High achievers like challenges but not high risks. If you are a very good poker player and you chose (b), you then can raise your score on this question from 2 to 10.
=+8 Because high achievers like to accomplish goals, the detective would have the greatest appeal for them. The politician is more interested in power and the millionaire is simply enjoying life.
=+9 High achievers like to do constructive things that help them improve themselves, so working on a hobby would be their first choice.
=+10 The computer salesperson and the criminal lawyer have a much higher need to achieve than does the corporate accountant.
=+1 Is Summit Software a gazelle? Support your answer.
=+2 What problems may Jim face by owning such a fast-growing business?
=+3 Are gazelles more important to the economy than traditional growth businesses? Why or why not?
=+1 What was the opportunity that Cave saw that allowed him to market someone else’s product without any money?
=+2 Cave gives meaning to the I Ching’s hexagram ‘in adversity, it furthers one to be persevering’. Give your own
=+interpretation of this. What does Cave mean when he discusses enabling the customers to become heroes?
=+3 What entrepreneurial traits did Cave exhibit in starting this business?
=+1 Look at the discussion of the keyword ‘anthropogenic’ in ‘Letters to the editor’ in The Australian newspaper. Australians
=+are sometimes called the greatest climate change deniers in the world. Would you agree based upon this analysis?
=+2 What do we mean by Generation Y’s entitlement? What are the differences with the baby boomers? How might this affect Gen Y’s entrepreneurship activities? See Christopher S. Alexander and James M. Sysko, ‘I’m Gen Y, I love feeling
=+entitled, and it shows’, Academy of Educational Leadership Journal, 17(4) (Oct. 2013), p. 127.
=+3 Try using the topic finder. Search for example: (1) Document Title (self-employment) And Document Title (immigrants);Document Title (self-employment) And Document Title (ethnic). And then click on Topic Finder. What do you see?
=+1 To profile demographic features of entrepreneurs from around the globe
=+2 To identify and discuss the most commonly cited characteristics found in successful entrepreneurs
=+3 To examine entrepreneurial psychology
=+4 To discuss the ‘dark side’ of entrepreneurship
=+5 To identify and describe the different types of risk entrepreneurs face
=+6 To identify the major causes of stress for entrepreneurs and the ways they can handle stress
=+7 To discuss important aspects with respect to the entrepreneurial ego and an entrepreneurial career
=+1 You may not be in the colonial age, but what is the age you are presently in? Is it revolutionary, traditional, explosive, corrupt?
=+2 What could Hunter mean by ‘folding together previous businesses into an economically different form’? Give some examples.
=+3 Which stage are you in? Can you envision the next stage?
=+1 What do we see when we look around the world at entrepreneurs? How can the differences among entrepreneurs in terms of age and gender be explained?
=+2 Many people believe that entrepreneurs think differently. How can this be explained in terms of entrepreneurial cognition?
=+3 Some of the characteristics attributed to entrepreneurs include persistent problem solving, continuous seeking of feedback and internal locus of control. What do these mean?
=+4 Identify two high-profile entrepreneurs from your country and research their backgrounds. Using the characteristics of entrepreneurs outlined in this chapter
=+as a reference, construct a character profile of each. How does your own profile compare to these?
=+5 How do the following traits relate to entrepreneurs: desire to achieve, opportunity orientation, initiative and responsibility?
=+6 Explain why entrepreneurs are not gamblers.
=+7 How is opportunity orientation defined?
=+9 Explain why an entrepreneurial team is important for an entrepreneur.
=+10 In what way is vision important to an entrepreneur? Self-confidence? Independence?
=+11 Entrepreneurship has a dark side. What is meant by this statement?
=+12 What are the four specific areas of risk that entrepreneurs face? Describe each.
=+13 What are four causes of stress among entrepreneurs? How can an entrepreneur deal with each of them?
=+14 Describe the factors associated with the entrepreneurial ego.
=+15 What characteristics of entrepreneurs has research identified that specifically support the development of a venture at the nascent, survival and growth stages?
=+16 Identify and describe the major life-cycle transitions for a lifelong entrepreneurial career.
=+• What is your education background?
=+• What is your previous work experience (before starting the venture)?
=+• Did you have any role models when growing up?
=+• Did you do entrepreneurial things as a youth?
=+• When did you know you wanted to be an entrepreneur?
=+• Did you have parents who were entrepreneurial?
=+• What was your primary motivation for starting a business? What were the factors that led you to start the venture?
=+• What were your goals at the time you started the venture?
=+• What sort of beliefs did you have (for example, about employees, partners, debt, etc.)?
=+• Did you seek to establish a ‘lifestyle’ business, a ‘rapid growth’ business, or what? Did your growth orientation change over time?
=+• What sort of resources (not just financial) did you have when you started the venture? What sort of network did you have?
=+Were there any especially creative things you did to come up with the needed resources?
=+• How concerned were you with control when starting the venture? Explore the entrepreneur’s need for control (of the venture, of people, of decision making).
=+• What was your risk orientation when you started the venture?
=+• Did you write a business plan?
=+• Did you feel prepared to start the venture at the time you started it?
=+• How long was a typical work day and work week when you first started your venture?
=+• How have your goals and values changed since starting the venture?
=+• Did your risk orientation change as the venture grew?
=+• Did your need for control change as the venture grew?
=+• Did the typical work week change as the venture grew (in terms of how much time the venture required and in terms of
=+how you allocated your time)?
=+• Did you make assumptions when you first started out that subsequently proved to be wrong? What sorts of insights were gained?
=+• What key mistakes did you make along the way? What were some of the key lessons learned (their greatest moment and their worst moment)?
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