Questions and Answers of Entrepreneurship

You just made a trip home and are visiting with your dad. He is 59 years old and has spent the past 12 years working in various management positions for Target. Prior to that, he served 20 years in
Make a list of 10 prominent entrepreneurs who post frequently on Twitter. Also, make a list of five prominent entrepreneurshiprelated blogs. Is it a good use of a student entrepreneur’s time to
Jacob Lacy is an undergraduate student at a Big 12 school. He has an idea to start an Internet-based firm that will help high school students prepare for college entrance exams. Jacob just talked to
A friend of yours just bought a Samsung smartphone equipped with the Android operating system. While showing it to you, he said, “You think entrepreneurial firms are so smart, look at what Samsung
Spend some time familiarizing yourself with the following student-founded firms: GiftZip.com (www.giftzip.com), Morphology (www.morphologygames.com), and XploSafe (www.xplosafe.com). Classify each
The idea for YouCastr was hatched in mid-2006, during a road trip involving Ariel Diaz, Jay Peak, and Jeff Dwyer. Throughout the ride, the friends bounced business ideas off each other. One idea
Most everyone is familiar with Angry Birds, the video game in which players use a slingshot to launch birds at pigs stationed on or within various structures. The goal is to destroy all the pigs on
Large firms and smaller entrepreneurial firms play different roles in business and society and can often produce the best results by partnering with each other rather than acting as adversaries. The
In early 2008, Jason Jacobs was actively looking for a business idea to pursue. He knew he wanted to start his own business—he just didn’t know what that business would be. Anticipating the need
It’s a sad yet heartwarming story. In 1998, Stephen Heywood, a strong 28-year-old carpenter who was building his dream house in California, got the worst possible news. He was diagnosed with
What is a product opportunity gap? How can an entrepreneur tell if a product opportunity gap exists?
What is an opportunity? What are the qualities of an opportunity, and why is each quality important?
Explain how “solving a problem” can create a business opportunity. Provide an example that was not mentioned in the chapter of a business opportunity that was created in this way.
Explain how finding a gap in the marketplace can create a business opportunity.
What is meant by opportunity recognition?
What is the corridor principle? How does this corridor principle explain why the majority of business ideas are conceived at work?
What is entrepreneurial alertness? Why is it important?
In what ways does an extensive social network provide an entrepreneur an advantage in recognizing business opportunities?
Describe the difference between strong-tie relationships and weak-tie relationships.Is an entrepreneur more likely to get new business ideas through strong-tie or weaktie relationships? Why?
Define creativity. How does creativity contribute to the opportunity recognition process?
Briefly describe the five stages of the creative process for an individual.
Explain the difference between an opportunity and an idea.
Describe the brainstorming process. Why is “no criticism” the number one rule for brainstorming?
Describe how a focus group is set up and how it is used to generate new business ideas.
Describe how library and Internet research can be used to generate new business ideas.
What is the purpose of an idea bank?Describe how an idea bank can be set up in a firm.
What are the three main steps to protect ideas from being lost or stolen?
Justin, a product development specialist at DuPont, plans to write an e-mail message to his dad asking for a loan. The purpose of the loan will be to start a company to sell an environmentally
Spend some time studying Yammer (www.yammer.com), which is an enterprise social network. What is the basis of Yammer’s business opportunity? Evaluate Yammer on the four essential qualities of an
Go to DEMO’s Web site at www.demo.com.Watch several videos from the most current DEMO conference. The videos are start-ups pitching their product ideas to investors and other DEMO
Marshall Hanson, the founder of Santa Fe Hitching Rail, a chain of nine steak restaurants in New Mexico, is considering expanding his menu, which is currently restricted to steak, hamburger,
One of the social trends identified in the chapter is the increasing number of people going back to school or retraining for new jobs. Propose a business idea, which isn’t a near duplicate of an
Go to Vator.tv’s Web site at www.vator.tv. Search the Web site and find an example of an entrepreneur talking about his or her business idea. Describe the idea, and the extent to which it satisfies
Tiffany Jones owns a small chain of fastcasual restaurants in Denver, which sell sandwiches, soups, wraps, and desserts.In general, her restaurants are successful, but she feels they are getting
As mentioned in the chapter, “prior experience” in an industry helps entrepreneurs recognize business opportunities. This concept extends to prior experience in any aspect of life—whether it is
Make a list of your strong-tie and weak-tie relationships. (Include at least five names on each list.) Select two names from your list of weak-tie relationships and speculate on the types of new
Imagine that you’ve been hired by Foursquare, the local-based social network, to conduct focus groups on your campus to get a better sense of how Foursquare can be as relevant and useful to college
Freedom Electronics is a start-up with about 20 sales representatives. The company has a solid product line but knows that to remain competitive it must continue recognizing opportunities for new
When trying to solve a problem, one thing to be mindful of is that there is typically more than one way to tackle it. A vivid example of this is the problem that hospitals and clinics have with
If a new product or service seems like the perfect option to solve a problem or capitalize on an environmental trend, but its customers find out it can’t deliver on its promises, they will quickly
Fine-tuning a business idea isn’t easy. While fairly course-grained ideas are rather easy to develop, like creating a cell-phone that’s designed specifically for elderly people, fleshing out the
Suppose you have a product idea but don’t have the time, the money, or the know-how to turn the idea into reality. There may now be a solution to your problem.Serial entrepreneur Ben Kaufman has
What is the market opportunity for social robots in the senior care industry?
What differentiates novel technologies that are adopted or discarded?
Explain why these numbers differ across cultures, countries, and industries.
Analyze the role of SEZs on the development of communities and countries.
What has been the influence of globalization on entrepreneurship in developing countries?
Are there any drawbacks for having SEZs in the long run?
Are there differences in entrepreneurial initiation in developed versus developing countries?
Why do SEZs have different outcomes in different regions of the world?
Analyze the impact of entrepreneurial activity on sustainable development.
Examine the claim of Duranton and Venables (2018) for one SEZ of your choosing.
Discuss positive and negative impacts of globalization on entrepreneurship.
Examine the impact of COVID-19 on globalization.
What is the definition of a culture?
What is the relationship between culture and entrepreneurship, and is it relevant?
Provide examples of cultures that are open to innovation, motivational techniques, and entrepreneurial happenings.
Conduct a case study of two different cultures whose response to entrepreneurship is different. Provide public policies that may alter their entrepreneurial behavior.
What is cultural convergence? Is it good or bad? Make your arguments.
Is technology altering cultural behavior? How has it influenced you?
Does the government have a role in shaping entrepreneurial cultures?
Take multiple examples of major companies across industries and evaluate the role/number of women in top management.
What are the barriers in American society to using a social robot as a caregiver?
Are there drawbacks to utilizing social robots in the senior care industry?
Identify and analyze potential international markets for Ryan.
Who do you conceptualize creating a bond with a non-human entity?
What were the unique challenges Tharun Rao faced during the initial stages of establishing the Quality Group?
How would skills acquired by an entrepreneur differentiate them from the competition?
Discuss all the advantages and disadvantages of starting a venture without prior experience.
Construct a set of prerequisites that each entrepreneur should possess and discuss each skill’s influence in advancing their cause.
What are the creativity and the innovation of Al Capizza? Do these differentiations provide competitive advantages for them?
What is the role of the “pizza aquarium” concept in Al Capizza’s business model? In your opinion, how will millennials perceive this?
What are the roles of information and communication technologies in the success of Al Capizza as a startup?
Analyze the impact of the arguments about millennials’ demand for different services.
Analyze the impact of COVID-19 on Al Capizza’s business model.
In your opinion, how is the future of the pizza industry in terms of order, production, and delivery?
Provide a road map of how Al Capizza could compete globally.
It is well known that Mr. Oliveira had previous convictions in other countries (Switzerland and United States). So what do you expect to learn about a startup or an entrepreneur’s past before
Imagine yourself as a social media influencer engaged in a startup promotion in which unethical behavior is suddenly discovered. What will be your public version of the facts?
Financial pyramids are operations that depend on new people joining in sustaining the earnings of the first ones. But at some point, the cycle will break as it becomes unsustainable. What is the
In Brazil, there is a regulation agency for cryptocurrencies – the Associação Brasileira de Cryptoeconomia (ABCripto) – which is responsible for the market’s self-regulation in the country.
It is well known that Mr. Oliveira had previous convictions in other countries (Switzerland and United States). So what do you expect to learn about a startup or an entrepreneur’s past before
Imagine yourself as a social media influencer engaged in a startup promotion in which unethical behavior is suddenly discovered. What will be your public version of the facts?
Financial pyramids are operations that depend on new people joining in sustaining the earnings of the first ones. But at some point, the cycle will break as it becomes unsustainable. What is the
In Brazil, there is a regulation agency for cryptocurrencies – the Associação Brasileira de Cryptoeconomia (ABCripto) – which is responsible for the market’s self-regulation in the country.
Cite two advantages and two disadvantages of the Peruvian traditional public agency model.
Due to climate change it is necessary to improve research skills and firm-level innovation in the agriculture sector. Discuss the experience that occurred in Carmen’s internship.
Rank the results obtained in PNIA’s considering the goal of strengthening the science, technology, and innovation system in Peru. Justify your answer.
How can multilateral funds improve the support of a green and resilient development policy in emerging economies?
Electric vehicle (EV) reliability problems are frequently reported by drivers; however, for the first time, the rate of EV problems is lower than the rate of non-EV problems. Are urban areas prepared
Since 2022, many original equipment manufacturers (OEMs) in the EV sector have struggled to keep up with market demand. Besides, there is no universal standard charging socket for direct current
Climate change reports drove an upheaval in the automobile sector, forcing established auto brands to reconsider their strategies and evolve. The main query, though, is whether the market and the
The automotive industry has seen the resurgence of EVs in recent years due to new entrants like Tesla painting a different picture for the automobile sector with their high-performance EVs that
Even though there is no commonly accepted definition, development banks generally define a fraudulent activity as any act or omission, including a misrepresentation, that intentionally or recklessly
According to Baker et al. (2020) fraud has five major elements: (1) it involves two parties – a fraudster and a victim, (2) a fraudster knowingly or unknowingly facilitates a false statement, (3) a
Compare the statements of four auditing companies in relation to fraud prevention in the document “Fraud and Going Concern Discussion Paper”
What initiatives could small business owners make to ensure good corporate financial reporting procedures are followed in their company?
List reports that an investor might review before taking the decision to invest in any venture.
If new management were to replace the current one, what checks and balances should be adopted to combat any future mishandling of power?
How much control should the HR department possess in a business/company?

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