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 (C)</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 (A)</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 (C)</p> Signup and view all the answers

What does entrepreneurial motivation refer to?

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

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

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

What is the main characteristic of Extrinsic Motivation?

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

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

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

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

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

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

<p>Affiliation motive (A)</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. (C)</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. (D)</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. (C)</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. (C)</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. (C)</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. (D)</p> Signup and view all the answers

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

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

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

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

What does Ecopreneurship focus on?

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

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

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

What does Imitator Entrepreneurship involve?

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

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

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

What is a crucial characteristic for entrepreneurs when managing people?

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

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

<p>Curiosity (B)</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 (C)</p> Signup and view all the answers

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

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

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

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

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

<p>Innovation (A)</p> Signup and view all the answers

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