Give an example of a simple technology. Explain what knowledge it is based on and the problem it solves. • What is the role of entrepreneurship in society?
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Directions: Answer the questions with minimum of 6 sentences.
• Give an example of a simple technology. Explain what knowledge it is based on and the problem it solves.
• What is the role of entrepreneurship in society?
• Explain why solutions and problems are said to be “intimately combined or related”.
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- Entrepreneurship management is dependent upon Passion Team Work Financial Capacity All of the AboveOne of the common barriers of starting a business for the entrepreneur is not being able to generate a business idea. However, there are elements that one can use to generate these business ideas, such as from skills, expertise and aptitude, from common needs, from existing problems, from everyday problem and form other sources. In relation to theelements highlighted discuss and explain how the business ideas are generated.The term ‘entrepreneurship refers to ____________. a)The process of creating with value by devoting the necessary time and effort b)The process of creating something new with value by devoting the necessary time c)The process of creating something new with value by devoted the necessary time and effort d)The process of creating something new with value by devoting the necessary time and effort and assuming the accompanying financial and physical aspects
- Wanted: Entrepreneur by Ron Wirtz A working definition: A bird's-eye view shows a lot of research on this topic of late. For example, the Entrepreneurship Research & Policy Network (part of the Social Science Research Network) was started in March 2006 and already consists of more than 4,300 papers. Babson College's most recent annual compendium of entrepreneurship research includes close to 200 papers in 26 categories. Universities are adding faculty and entire programs to study and teach entrepreneurship. In 1996, the Kauffman Foundation and the University of Maryland started what would later become the Global Consortium of Entrepreneurial Centers. Today, the network includes more than 200 universities. Such activity and attention has improved our understanding of entrepreneurship, particularly here in the United States. For example, we have a much better idea of the socio-demographic characteristics of entrepreneurs: Men are more likely than women to start their own business;…Sources of opportunity idea map My business idea is to become an author. What are the three changes for my business?Discuss what is a Business Model. Discuss everything you understand about Business Model, the tools, and why this is very important for companies and for startups?
- What's New Principles, Tools, and Techniques in Creating a Business To start a new business, an entrepreneurs needs to have a plan to start a business, as one of the best practice entrepreneurs to identify needs of the community to start a business. Based on your inquiry whether by interview or survey through print or online, now, I would like you to identify 5 major needs of your community and rank them according to order of priority from 1 being the highest and5 lowest and describe business opportunities that can be created. Activity 1. Fill the table below Needs of the Community Business that can be created Rank 1. 2. 3. 4. 5.read Experimenting in the Entrepreneurial Venture Links to an external site. (2. Essential Reading, pgs. 3-19) from the Harvard Business Publishing Coursepack. Once you’ve completed the material, take the reading quiz. This is an open-book quiz. As you read the reading assignment and take the quiz, pay close attention to the material and how it relates to your perspective as an entrepreneur. Class discussions will be held on this reading, and the policy in this class is that only those who have done the reading can interact during the group reading discussions. A Product-market fit is achieved when Group of answer choices some customers buy the product. the team builds a product to fit the needs of customers. the product offering profitably meets target customers’ needs. the business starts scaling. B .Which of the following is NOT part of the lean startup philosophy? Group of answer choices Rapid iteration Small batches Cross-functional teams Short cycle times C.The…“Entrepreneurs have built successful companies by being able to exploit unmet needs in the market.” Considering the situation, describe the competencies that will be needed by entrepreneurs for starting a startup in today’s era? (600 words minimum)
- Using what you learned about TripAdvisor TripAdvisor Business Model Canvas (innovationtactics.com) TripAdvisor Business Model Canvas (innovationtactics.com) Share with us what you feel is one of the most interesting, compelling pieces of this business? Identify which of the 9 key components this information falls within (for example it could be: how TripAdvisor actually makes money being a "reviews" page or these are Tripadvisor's key competitors and this is one that actually surprised me...). Have you ever used TripAdvisor or posted on TripAdvisor? What was your experience? Pick an international dream vacation spot. Lookup a hotel that has a 4.8 out of 5.0 rating or higher in that destination. Examine a few reviews. Share with us your destination spot and a link to the hotel. Would the reviews of this property make you decide to book there? Why could user-generated content/feedback be seen as a revenue stream?“Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.” Discuss the past history, current situation and future development of Wealth Management.Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.