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business
entrepreneurship theory process practice
Entrepreneurship Theory Process Practice 12th Edition Donald F. Kuratko - Solutions
4.5. Explain the value of benefit corporations
4.6. Explore the challenges of poverty and the liability of newness
4.7. Describe the global opportunities and challenges for social entrepreneurs
4.8. Summarize the newest developments that have expanded the global marketplace
4.9. Explain the methods of entering the international arena
4.10. Outline the key steps for entrepreneurs seeking global markets?
1. In your own words, what is corporate entrepreneurship?
6. What are five useful rules for innovation?
11. Why are innovation teams emerging as part of a new strategy for many corporations?
12. What are the roles of middle managers in corporate entrepreneurship? Be specific.
13. Describe the elements that are involved in sustaining corporate entrepreneurship.
Define a social entrepreneur.
5. How would you describe sustainable entrepreneurship?
Describe how entrepreneurship is a solution to global poverty and the liability of poorness.
10. How do the following organizations impact international entrepreneurship: USMCA, WTO, and the EU?
11. Identify the various methods available to entrepreneurs to “go international.”
12. What are the forms of international alliances?
13. How does a joint venture work? What are the advantages of this arrangement? What are the disadvantages?
14. How does a licensing arrangement work? What are the advantages and disadvantages of such an arrangement?
15. When entering the international marketplace, entrepreneurs should follow what five specific steps?
Summarize the opportunity identification process
5.2. Explain the sources of innovative ideas for entrepreneurs
5.3. Outline the major components of the creative process: knowledge accumulation, incubation process, idea experience, evaluation, and implementation
5.4. Describe ways of developing personal creativity: recognize relationships, develop a functional perspective, use your "brains," and eliminate muddling mindsets
5.5. Identify the arenas of creativity
5.6. Examine the factors for a creative climate
5.7. Introduce the four major types of innovation
5.8. Review some of the major myths associated with innovation and define the ten principles of innovation?
6.1. Explain the challenge of new-venture start-ups?'
6.2. Review common pitfalls in the selection of new-venture ideas ?
6.3. Present critical factors involved in new-venture development?
6.4. Study certain factors that underlie venture success
6.5. Explain the critical need for an effective entrepreneurial team?
Examine why new ventures fail?
6.7. Analyze the traditional venture evaluation process methods: profile analysis, the feasibility criteria approach, and the comprehensive feasibility method?
6.8. Highlight the contemporary venture evaluation methods: design methodology and the Lean Startup methodology?
6.9. Present the importance of new-venture legitimacy and the unique strategies for the differing audiences?
2. How are prior knowledge and learning important to the recognition of opportunities?
4. What is the difference between an adaptor and an innovator?
5. What are four major components in the creative process?
7. In your own words, state what is meant by the term innovation.
8. What are four major types of innovation?
9. Briefly describe the five major misconceptions commonly associated with innovation.
10. Identify and describe five of the innovation principles.
2. Describe some of the key factors involved in new-venture performance (use Figure 6.1).
6. Explain why the development of an effective entrepreneurial team is critical for today’s entrepreneurs.
8. Identify and discuss two examples of financial difficulties that can cause a venture to fail.
10. List four major types of problems that new ventures confront.
11. How can asking the right questions help an entrepreneur evaluate a new venture? What types of questions are involved?
12. Explain the traditional methods of new-venture evaluation:profile analysis, the feasibility criteria approach, and the comprehensive feasibility method.
13. Describe the contemporary methods of new-venture evaluation: design methodology and the Lean Startup methodology.
14. Explain a pivot and discuss the new research trends on its value.
15. Explain the importance of establishing the legitimacy of a new venture.
16. Identify the specific legitimacy strategies to use with each different audience that a new venture may confront.
1. Identify the founding team members and the key personnel in place to guide the proposed company.
1. Explain the team’s qualifications and how the critical tasks are being assigned. Also include any board of directors/advisers that are in place.
1. Finally, outline any “gaps” in the management team (in terms of skills and abilities) and explain how those will be addressed.
1. Explain the industry that this concept focuses on as well as whatever trends may exist in that particular industry today.
1. Discuss the target market analysis that has been used and what specific market niche that has produced. In addition, identify the market size, its growth potential, and your plan for market penetration based on research.
1. Explain the customer profile in terms of who the specific customer is and—again—what value proposition(in terms of benefits) is being offered the customer.
1. Finally, be sure to include a competitor analysis that describes thoroughly the competition existing today and how specifically your concept will match up or exceed the competition and why.
1. Provide a detailed description of the proposed concept, including any unique features that make it distinctive.
1. Explain the current status of the project and include a clear time line of the key tasks to complete.
1. Identify any intellectual property involved with this potential venture and discuss the proprietary protection that exists. Any proposed or completed prototype testing should be described here as well.
. Finally, identify any anticipated critical risks in terms of potential product liability, governmental regulations, or raw material issues that may hinder this project at any stage.
Describe the major pathways and structures for entrepreneurial ventures
Explain the newness dimensions involved in creating a "new venture"
Discuss the elements involved in acquiring an established venture
Outline 10 key questions to ask when buying an ongoing venture
. Describe the underlying issues involved in the acquisition process
7.6. Define a franchise and outline its structure
7.7. Outline the benefits and drawbacks of franchising
7.8. Explain the franchise disclosure document (FDD) as a key item in franchises
7.9. Describe the elements involved with incubators, accelerators, and entrepreneurial ecosystems
8.1 Explain the advantages and disadvantages of bootstrapping
8.2 Differentiate between debt and equity as methods of financing
8.3 Discuss commercial loans and social lending as sources of capital
8.4 Explain initial public offerings (IPOs) as a source of capital
8.5 Describe special purpose acquisition companies (SPACs)
8.6 Discuss private placements as an opportunity for equity capital
8.7 Describe the rise of crowdfunding as an increasingly popular source of funding
8.8 Explain the market for venture capital
8.9 Describe venture capitalists' evaluation criteria for new ventures
8.10 Explain the importance of evaluating venture capitalists for a proper selection
8.11 Describe the existing informal risk-capital market ("angel capital")
4. How can an individual who is thinking of going into business evaluate the financial picture of the enter prise? Use the methodology of Table 7.2 to prepare your answer.
9. What is meant by the term franchise?
11. What are some of the major advantages of franchising?Cite and explain three.
12. What are some of the major disadvantages of franchising?Cite and explain at least two.
13. How can a prospective franchisee evaluate a franchise opportunity? Explain.
14. In evaluating whether to buy a franchise operation, the potential investor should ask a series of questions.What questions should the potential investor ask about the franchisor, the franchise, the market, and the potential investor themselves?
15. Identify the Franchise Disclosure Document. Explain why it is important in franchising.
16. Describe the critical elements involved in incubators, accelerators, and entrepreneurial ecosystems.
2. Explain bootstrapping with its advantages and disadvantages.
5. Why would a venture capitalist be more interested in buying a convertible debenture for $500,000 than in lending the new business $500,000 at a 4 percent interest rate?
7. What is the objective of Regulation D?
10. Is it easier or more difficult to get new-venture financ- ing today? Why?
12. Identify and describe three objectives of venture capitalists.
13. How would a venture capitalist use Figure 8.2 to evaluate an investment? Use an illustration in your answer.
14. Identify and describe four of the most common criteria. that venture capitalists use to evaluate a proposal.
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