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- 9.Provide atleast five (5) challenges that Entrepreneurs is general is facing now.what do you think is/are the solutions/on each challenges?8.Aside from bceing risk-talker and innovator what do you think are qualities needed for an entrepreneur to become successful (Provide atleast 5 )explain whydiscuss the objectives of an entrepreneur. use the below points as part of discussion 1. To gain control over one’s destiny 2. To reach full potential 3. To contribute to society and be recognised for their efforts 4. To start a new career 5. To make a profit
- 9) Define entrepreneurs and intrapreneurs, and discuss the relationship between them. What makes them different?4.What are the Advantage and Disadvantages becoming a business manager (Employed) rather than venturing in Entrepreneurship?Provide atleast 3 Each & explain each Advantage and Disadvantages.3.What are the Advantages and Disadvantages of venturing in entrepreneurship rather than becoming a business manager (Employed)? Provide atleast 3 each & explain each Advantages and Disadvantages.
- 3. What are the common and core competencies of an entrepreneur? Choose one common competency and one core competency. Discuss each. citing examples.4. Explain the concept of STEEPLED.5. What are the 7Ps of marketing? Briefly describe each.a.b.C.d.e.“Entrepreneurs are individuals who recognise opportunities where others see chaos or confusion. They are aggressive catalysts for change within the marketplace. They have been compared to Olympic athletes challenging themselves to break new barriers, to long-distance runners dealing with the agony of the miles, to symphony orchestra conductors who balance the different skills and sounds into a cohesive whole, and a top-gun pilots to continually push the envelope of speed and daring. Whatever the passion – because they all fit in some way –entrepreneurs are heroes of today’s marketplace. They start companies and create jobs at a breath-taking pace”. - Donald F. Kuratko, 2009Requireda. In relation to the above quote, identify the qualities of a successful entrepreneurand illustrate how they have been applied in successfully creating and running an entrepreneurial undertaking you are familiar with. Your answer should include a brief profile of the successful entrepreneurial undertaking:…1.What are some reasons for success or failure of entrepreneurs?2.What are the widely used legal structures for entrepreneurs? Explain each one and its implications for paying taxes.3.What method is commonly used to research trends in the market?4.What need in the market does your product or business fill?5.What are the four Ps of Marketing? Explain each one, you can include examples
- In 5 sentences explain the significance of "prior knowledge" to the entrepreneurs ability to "identify or recognize opportunities." What does it mean that prior knowledge is gained through (a) education and (b) experience? Explain your answer in 3sentences each.Choose one entrepreneur 1. Find about his/her reasons for going into business 2. What are the Major challenges in their business? 3. What are their learmings from both successes and failures? Use the 12 M’s to succesful entrepreneurship to probe deeper: money, model, mentors, message, market, mindset, machinery, methods, management skills, moving forward, mission, and masteryGive at least 3 areas where entrepreneurs should look deeper into? Provide example. As an entrepreneurship student, why do you need business opportunity? Management team? The production program, marketing program, and financial program? Explain. Give tips in choosing a business name and explain. What is a product life cycle? Give the stages of the product cycle and explain. What are idea generation and screening? What are business analysis and product development? Explain test marketing? What is a marketing mix? What are the marketing strategies and site examples? What are the 7P’s of the marketing mix? Give an example of a marketing mix and explain What is the promotion mix? Give example on each one. What is the significance of the marketing mix to a student like you? How can you explain the physical environment? What can you do as Student Entrepreneur? How can you help businesses in today’s crisis? In your own idea, how can you be an entrepreneur? -20. Make a simple business proposal…