Entrepreneurship Lecture 2: Entrepreneurial Motivations and Global Indicators

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According to the lecture, what are the main indicators to consider when choosing a country to start a business?

Tax rates, labor costs, and infrastructure development

Ease of doing business, global regulatory behavior, and digital competitiveness (correct)

Global economic growth, political stability, and cultural diversity

Income inequality, environmental policies, and social welfare programs

What does the GEM report compare when discussing entrepreneurship?

Opportunity entrepreneurship and necessity entrepreneurship (correct)

Intrinsic motivations and extrinsic motivations

Government support for startups and corporate investment in new ventures

Entrepreneurial motivations and social entrepreneurship

What do Barringer and Ireland categorize as types of entrepreneurial firms?

Non-profit organizations, government agencies, and educational institutions

Family-owned businesses, publicly traded companies, and joint ventures

Salary substitute firms, lifestyle firms, and entrepreneurial firms (correct)

Tech startups, service firms, and manufacturing companies

What is the main focus of recent literature reviews on entrepreneurial motivations?

Intrinsic and extrinsic motivations Signup and view all the answers

According to the lecture, why are entrepreneurial motivations important?

They correlate with where entrepreneurial ideas come from and impact subsequent business decisions Signup and view all the answers

What does social entrepreneurship aim to achieve?

Balancing financial stability with social impact Signup and view all the answers

What are the main challenges faced by social entrepreneurs?

Funding (monetising) and burnout Signup and view all the answers

Based on the case study of Elvis & Kresse, why might it be considered a social enterprise?

It turns waste into value while balancing financial stability with social impact Signup and view all the answers

What is the main focus of Elvis & Kresse's social enterprise?

Rescuing raw materials and transforming them into luxury accessories Signup and view all the answers

Why do many entrepreneurs want to start their own business?

To pursue financial rewards Signup and view all the answers

What percentage of the profits does Elvis & Kresse donate to charity?

50% Signup and view all the answers

What is a common motivation for entrepreneurs to start their own business?

To be their own boss Signup and view all the answers

What is one of the key reasons for Elvis & Kresse being considered a social enterprise?

Donating 50% of profits to charity Signup and view all the answers

What type of individuals can benefit from starting a business part-time?

Those seeking valuable experience and additional income Signup and view all the answers

Which organization benefits from the profits donated by Elvis & Kresse?

The Fire Fighters Charity Signup and view all the answers

What is the primary focus of sustainable fashion?

To minimize environmental impact and promote social responsibility Signup and view all the answers

What is the main reason why entrepreneurs pursue their own ideas?

To experience tremendous satisfaction Signup and view all the answers

What is the goal of a typical entrepreneur according to the text?

Making a profit and increasing the value of a company Signup and view all the answers