Buyer Entrepreneurship and Tony Tan Caktiong Business Acquisitions
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Questions and Answers

What are the core competencies that entrepreneurs need to make their businesses thrive?

  • Leadership and communication skills (correct)
  • Marketing prowess and product innovation
  • Financial management and risk aversion
  • Technical expertise and operational efficiency

    • How do successful businesspeople contribute to their success?

  • By avoiding risks and playing it safe
  • By having a less supportive business environment
  • By relying solely on advancements in science and technology
  • By possessing specific characteristics and essential skills (correct)

    • What is described as paramount for entrepreneurs to thrive in the business world?

  • Having technical expertise
  • Understanding risks and rewards (correct)
  • Avoiding the need for a comprehensive strategy
  • Focusing solely on financial management

    • Which characteristic do entrepreneurs display in every interaction with stakeholders according to the text?

    <p>Passion, vision, and mission for the business</p> Signup and view all the answers

    What importance do communication skills hold for entrepreneurs according to the text?

    <p>Vital for various business aspects such as sales and conflict resolution</p> Signup and view all the answers

    How does the text suggest entrepreneurs should approach their role?

    <p>With confidence, dedication, and a commitment to growth</p> Signup and view all the answers

    What does entrepreneurial motivation refer to?

    <p>Drive to continue engaging in entrepreneurial activities</p> Signup and view all the answers

    Which type of motivation involves completing a task for rewards like money or gifts?

    <p>Extrinsic Motivation</p> Signup and view all the answers

    What is the main characteristic of Extrinsic Motivation?

    <p>Motivated by rewards</p> Signup and view all the answers

    Which motive involves the desire for control, influence, and impacting others?

    <p>Power motive</p> Signup and view all the answers

    What fades away when rewards are absent or not at par with interest?

    <p>Extrinsic Motivation</p> Signup and view all the answers

    Which motive involves pursuing, upholding, or revitalizing emotional connections with others?

    <p>Affiliation motive</p> Signup and view all the answers

    What distinguishes Scalable Startup Entrepreneurship from Small Business Entrepreneurship?

    <p>Scalable Startup Entrepreneurship involves rapid expansion and disruptive innovation, while Small Business Entrepreneurship focuses on a smaller scale and minimal employees.</p> Signup and view all the answers

    Which factor characterizes Nericel Bonus' success in Small Business Entrepreneurship during the COVID-19 pandemic?

    <p>Utilizing social media platforms to share her 'ukay-ukay' journey.</p> Signup and view all the answers

    How does Kumu differentiate itself as a Scalable Startup Entrepreneurship?

    <p>By having more than seven million registered users and two million monthly active users in its third year.</p> Signup and view all the answers

    What is the primary characteristic of a micropreneur like Nericel Bonus in Small Business Entrepreneurship?

    <p>Running a one-person team with minimal employees.</p> Signup and view all the answers

    Why is disruptive innovation an essential aspect of Scalable Startup Entrepreneurship?

    <p>To quickly expand and transform into a highly lucrative company.</p> Signup and view all the answers

    What sets apart small business entrepreneurs like Nericel Bonus from scalable startup entrepreneurs like Roland Navarro de Ros?

    <p>Small business entrepreneurs operate with minimal employees or as one-person teams, while scalable startup entrepreneurs focus on disruptive innovation and rapid expansion.</p> Signup and view all the answers

    What type of entrepreneurship involves acquiring established companies or merging with smaller businesses?

    <p>Buyer Entrepreneurship</p> Signup and view all the answers

    Which entrepreneur is known for acquiring successful brands like Greenwich, Chowking, and Jollibee?

    <p>Tony Tan Caktiong</p> Signup and view all the answers

    What does Ecopreneurship focus on?

    <p>Creating a 'green' business</p> Signup and view all the answers

    Which entrepreneur is associated with creating a social enterprise centered around bamboo production?

    <p>Jamico Yco Jamlang</p> Signup and view all the answers

    What does Imitator Entrepreneurship involve?

    <p>Copying or adapting existing business concepts</p> Signup and view all the answers

    Which entrepreneur is known for copying Apple's iPhone design for their business?

    <p>Bin Lin</p> Signup and view all the answers

    What is a crucial characteristic for entrepreneurs when managing people?

    <p>Being collaborative</p> Signup and view all the answers

    What is one of the key traits that successful entrepreneurs possess according to the text?

    <p>Curiosity</p> Signup and view all the answers

    Why is being proactive essential for entrepreneurs according to the text?

    <p>To address issues before they happen</p> Signup and view all the answers

    What do successful entrepreneurs view setbacks as according to the text?

    <p>Opportunities to learn and grow</p> Signup and view all the answers

    In what way should an entrepreneur approach managing all business aspects?

    <p>Be adaptable and multi-skilled</p> Signup and view all the answers

    What is a key characteristic that entrepreneurs should possess when developing new market offerings?

    <p>Innovation</p> Signup and view all the answers

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