Global Entrepreneurship Week 1 Quiz

Course Information

• Course title: Global Entrepreneurship
• Week: 1
• Course learning outcomes include:
  • Awareness of domestic and global entrepreneurship issues, news, events, policies, trends, and changes.
  • Analysis of successful entrepreneurs' functions and characteristics.
  • Demonstrating personal capacity to identify and leverage entrepreneurial opportunities.
  • Developing effective start-up management skills (through simulations).
  • Applying customer profiling and competitive analysis to develop a unique value proposition.
  • Designing and developing a business plan for an entrepreneurial venture (group project).
  • Applying entrepreneurial and management concepts for a social enterprise project achieving United Nations' Sustainable Development Goals.

Course Format

• Weekly lectures
• Online activities (discussion boards, case study reviews)
• Assignments (individual and group)
• Quizzes
• Final exam

Canvas

• Course information
• Course announcements
• Learning materials
• Online learning guidelines
• Assignments guidelines
• Grade center

Class Protocol

• Attendance: Weekly
• Weekly Delivery: Asynchronous or synchronous (explained)
• Discussion Forum Usage
• Active Participation
• Mutual Respect
• Assignments: Templates, rubrics, guidelines, and due dates provided
• Class Attendance & Assignment Evaluation:
  • Class Absence (missed evaluations)
  • Sanctioned Absences (FCT events)
  • Planned Absences (doctor's appointment)
  • Unexpected Absences

Academic Integrity

• Covers what academic integrity is, definitions, types of violations, mandatory sanctions, and an academic integrity module.

Chapter Outline

• Entrepreneurship Today (1.1)
• Entrepreneurial vision and goals (1.2)
• Entrepreneurial mindset (1.3)
• Figure 1.1: Shows an example of a product (Evernote)
• Learning Objectives (1.1): Define entrepreneurship, describe types of entrepreneurial careers and lifestyles, and understanding entrepreneurs as problem solvers.
• Explain driving factors of entrepreneurship growth and compare global entrepreneurial opportunities.

Types of Entrepreneurs

• Innovators: Find new approaches, methods, or products to solve problems in unique ways.
• Creators: Make something new, or identify a problem others haven't recognized.
• Market Makers: Innovate and reinvent the market from a future perspective by exploring possible market evolutions.
• Expanders and Scalers: Seek out opportunities to expand or scale existing methods, processes, or products.

Figure 1.2

• Shows examples of successful entrepreneurial ventures featuring Dave Gilboa (co-founder and co-CEO, e.g., Warby Parker).

Figure 1.3

• Burt's Bees - Example of an entrepreneurial venture growing into a major company.

Feature Box: Putting Strengths to Work

• Create a list of ideas related to your strengths.
• Analyze the list to create a list of possible businesses.

Feature Box: Recognizing Problems

• Ask: What problem have you identified? What solutions can you propose?

Figure 1.4

• Shows attractiveness of entrepreneurial ecosystems for multiple countries

Figure 1.5

• Venture Capital Activities across several countries (Deals and Financial Value).

Figure 1.6

• Mumbai skyline, clouded by pollution.

Feature Box: Social Entrepreneurship

• Creating an entrepreneurial venture to enhance quality relationships and communities.
• Balancing passion with entrepreneurial purpose.

Feature Box: Entrepreneur in Action: Angad Daryani

• Exploring other applications for Angad Daryani's technology (air-cleaning product).
• Critical decisions related to commercialization.
• Defining success for the venture.

Discussion Questions (1-4)

• United States' leadership in entrepreneurship & comparative analysis across leading nations.
• Roxanne Quimby's motivations in starting ventures and aligning with the definition of an entrepreneur.
• Similarities and contrasts between Wander Girls' businesses and Roxanne Quimby's ventures.

Learning Objectives (1.2)

• Defining and entrepreneurial vision
• Develop a vision statement

Figure 1.7: Benefits of Mentorships

• Coaching and training
• Goals and achievements
• Motivation and support
• Advice and direction

Feature Box: Personal Vision Statement

• Explore aspects of personal life (living situation, career, home life, and life goals).

Figure 1.8: Creative Thinking Process

• Preparation (plan and gather information)
• Incubation (let subconscious work through information)
• Illumination (identify "aha moment" solutions)
• Verification (test and implement)

Feature Box: Creativity through a Change in Routine

• Reflecting on experiences
• Increased alertness to surroundings

Figure 1.9: SMART Goals

• Specific
• Measurable
• Achievable
• Relevant
• Time-bound

Discussion Questions (5-9)

• Importance of knowing your future vision
• Value of SMART goals
• Importance of divergent thinking in problem-solving
• Explaining entrepreneurial vision to a history major
• Contrast between divergent thinking and brainstorming.

Learning Objectives (1.3)

• Understanding entrepreneurial mindset.
• Defining entrepreneurial spirit or passion.

Figure 1.10

• Bicycle-sharing program (veoRide) Example of bike-sharing program.

Discussion Questions (10-13)

• Identifying five disruptive technologies and their industry impacts
• Disruptive technology opportunities in familiar industries
• Contrast between entrepreneurial mindset and entrepreneurial spirit
• Describing personal entrepreneurial spirit.