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entrepreneurship
Entrepreneurship Theory Process And Practice 10th Edition Donald F. Kuratko - Solutions
=+ Is it fair to burden your family by using savings, taking out loans or leveraging your credit cards to fund your start-up idea?
=+• How do you divide up the ownership shares? Suppose an ‘in-group’ came up with the idea but now the larger group wants equal shares. Should the person actually willing to leave their job have a larger share?
=+Does the team member with the greatest domain expertise get the bigger share?
=+How can everyone get the same share as the founder?
=+• Is it ethical to oversell the idea to investors?
=+ Is the business plan a PR piece?
=+ Can you fill in the blank bits with educated guesses?
=+Should you leave out episodes in your own career?
=+• For corporate entrepreneurs, what can you walk out with?
=+What about the client list that you personally built?
=+Can you take the list of suppliers?
=+Even if you take no documents with you, can you use your memory of these details? Can you download all your emails when you leave?
=+1 Can you identify some social entrepreneurs in your community?
=+2 Name social businesses that have no donated income from charity, taxes, grants or subsidies (see Figure 4.1).
=+3 Name three dimensions that distinguish the mind-set of social entrepreneurs from business entrepreneurs.
=+4 Are sustainability entrepreneurs limited exclusively to environmental matters? Why not? Name three sustainable enterprises that don’t treat the environment.
=+5 Does ethical wealth creation apply to making money out of climate change?
=+6 Using your own words and experiences, what do you mean when you use the term ‘ethics’?
=+A small security company has developed an anti-home invasion app. Although the product has been tested for five years, the technical director points out that the app is susceptible to wi-fi hacking. The cash-strapped entrepreneur wants to release the product and use revenue to fix the flaw. Would
=+7 Can you relate some environmental crimes that have occurred near you?
=+8 Why does doing business in certain Asian countries raise ethical considerations for the entrepreneur?
=+9 If you were an Australian or a New Zealander, would you pay bribes while doing business in China?
=+10 What are your opinions on the questions of greed and entrepreneurial crime?
=+11 Do you have experience in dealing with an entrepreneurial criminal?
=+12 What is social marginality theory?
=+13 Is it possible disadvantaged people can actually become more entrepreneurial than other people?
=+14 What are the barriers and restraints that disadvantaged entrepreneurs face?
=+15 What are the elements of a definition of Indigenous peoples?
=+1 Identify problems the entrepreneur might encounter in running this business in an ethical manner.
=+2 Develop a 10-point code of ethics for the business.
=+3 Discuss policies and procedures appropriate for this business that would support the code of ethics.
=+4 List as many ethical problems as possible that might be faced by employees during a normal work day. Discuss the possible solutions for the problems. Consider how a procedure guide might help employees to make the best decisions.
=+5 Members of the group should then role-play the process of handling an ethical issue with a customer, with a supplier, with a competitor, and with the son of the owner.
=+Discuss the results of the role-playing exercise. If necessary you may want to modify your code of ethics at this time.
=+6 Each group should present their code of ethics to the class and discuss major outcomes of their discussion.
=+1 How would you describe or define the opportunity that attracted the entrepreneur Benjamin Boyd to venture to Australia?Was the idea well grounded?
=+2 Consider such things as natural resources, labour, money and social pressures and discuss the points that undermined the sustainability of Boyd’s various ventures.
=+3 Given the mores of the times, was Boyd an ethical entrepreneur?
=+4 Referring to the discussion of traits in Chapter 2, was Boyd’s irrepressible optimism actually just bloody-minded ignorance?
=+5 Should history judge Boyd as a failed entrepreneur? If so, was failure due to his own devices or was he a victim of circumstances?
=+6 Compare and contrast Boyd’s entrepreneurial trajectory to that of Joseph Hatch.
=+7 What lessons could be drawn from this case for pioneering entrepreneurs today?
=+ What would be the moral to this story?
=+8 What are the physical places or technology fields in the twenty-first century that may parallel setting sail to a distant land in the nineteenth century? Using the story as an analogy,
=+what hazards may face the pioneering entrepreneur?1 How did the Tamaki brothers use their cultural heritage in starting their business?
=+ Do you think this was to their advantage when assuring success?
=+2 How does a policy of enterprise culture fit in with the success of the Tamaki brothers?
=+3 How did the Tamaki brothers manage to combine the need to be culturally sensitive and commercially aggressive? Do you think their solution was agreeable?
=+1 Does your home country rank in the top 10 or bottom 10 list of corrupt countries? Read ‘Dirty hands make business hard work’, Management Today (1 November 2011, p. 46). What is the worst act of bribery listed in this article?
=+2 Search (bribery entrepreneurs) for academic journals and you will find: de Jong, Gjalt, Phan Anh Tu and Hans van Ees,
=+‘Which entrepreneurs bribe and what do they get from it?
=+Exploratory evidence from Vietnam’, Entrepreneurship: Theory and Practice, March 2012, pp. 323þ. In the article, search for ‘bribery is key for entrepreneurs’. What are the arguments that entrepreneurs should engage in bribery?
=+3 Search (environmental crime) in News. What are the environmental crimes discussed in these articles?
=+4 Find Cook, Beth, Chris Dodds and Mitchell, William Lendrum (American military pilot), ‘Social entrepreneurship – false premises and dangerous forebodings’, Australian Journal of Social Issues, 38(1) (2003), pp. 57þ. What do the authors mean when they say that social entrepreneurship is
=+1 Who are and where are indigenous peoples in the world?
=+2 Discuss the reasons why emancipatory entrepreneurship might be useful for indigenous peoples.
=+3 Why and in what ways might the screen industry be a valuable sector for indigenous business and entrepreneurship?
=+4 Explore the history of the New Zealand and the Maori people, and discuss the reasons why Maori might be entrepreneurial.
=+5 Discuss the ways these two entrepreneurs have contributed to emancipation for themselves and Maori people.
=+1 To describe the importance of family businesses in the Asia–Pacific and their unique problems
=+2 To discuss the concept of transgenerational entrepreneurship and its differences in mind-set and context
=+3 To explore the unique types of family capital
=+4 To examine some of the hallmarks of family entrepreneurship across our region
=+5 To depict family entrepreneurship as three sometimes conflicting but overlapping systems
=+6 To explore the ways that climate change and family entrepreneurship may be interrelated
=+7 To examine the problems as well as the key factors in management succession
=+8 To explain the steps involved in carrying out a succession plan
=+9 To understand the contextual aspects toward developing a succession strategy
=+10 To examine the harvest strategy for reaping the value of family business through trade sale
=+1 Why is an entrepreneurial family business different from other family businesses?
=+2 What is transgenerational entrepreneurship and what are the elements of ‘familiness’?
=+3 What are the four kinds of family capital?
=+4 Talk about the size and impact of family businesses on Asia–Pacific economies, and in particular within the economy you are most familiar with.
=+5 Can you relate a story about a family business you know that explains the Three-Circles Model in some detail?
=+6 Think of a family company that you know. Which advantages and which disadvantages does that family business have?
=+7 Why should a family business be interested in environmental sustainability? Do you agree that family firms are more
=+susceptible to climate change effects than non-family firms?
=+8 What are the elements of a ‘sustainable–sustainable’ family business? Can you name one in your community?
=+9 A number of barriers to succession in family businesses exist. Using Table 7.2, identify some of the key barriers.
=+10 What pressures do entrepreneurs sometimes face from inside the family?
=+11 What pressures do entrepreneurs sometimes face from outside the family?
=+12 What are three of the contextual aspects that must be considered in an effective succession plan?
=+13 In what way can forcing events cause the replacement of an owner-manager? Cite three examples.
=+14 What are five qualities or characteristics successors should possess?
=+15 What are four steps that should be taken in carrying out a succession plan?
=+16 What do we mean by ‘liquidity event’? How can one best maximise it?
=+17 What eight steps should be followed to harvest a business? Discuss each of these steps.
=+1 (5 minutes). The group starts out with members describing in as much detail as possible a family business she or he owns, has worked for or simply just knows about. Be sure to include what you know about the number of family members, their ages, etc.
=+2 (3 minutes). Now one of you should tell the following story. You can embellish it if you want: This is a business family
=+who due to an economic crisis has decided to leave their country. They have a visa to travel to Singapore, but what they
=+really want is refugee status or a business visa in New Zealand. The family runs a successful desserts shop, but relies on
=+the 25-year-old son as their leader. The family has worked for generations in cakes and confectionery and has a good
=+kitchen, relies on recipes passed down and has a source of innovative talent as well as small business practice. The plan is to send two family members out first and then bring the others over. They need take only the bare minimum with them since they can buy the kitchen equipment and the raw
=+3 (5 minutes). Each person now adopts the role of a different family member. The roles assigned will be: (1) an elderly grandmother who is a genius at decorating cakes; (2) an at-home mother who does the financial accounts; (3) a father
=+working three jobs to make ends meet; (4) a 25-year-old son with a certificate in culinary arts, who actually runs the
=+business right now; (5) his 21-year-old sister, who speaks several languages; and (6) his stay-at-home wife. They have no children of their own yet.
=+4 (5 minutes). Play your role until you have agreed on the family’s big plan. Answer the question: Which family member(s)should go first?
=+You should each start the discussion by saying ‘I think we should ...’
=+5 (5 minutes). After you have talked it out, now talk about your experiences and the lessons you can draw from the exercise.
=+1 What business is this company in?
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