Role Modeling and Mentoring in Business

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18 Questions

What is the main focus of the Go Negosyo movement?

Entrepreneurship as a solution to poverty

How does the Role Modeling and Mentoring aspect of entrepreneurship development benefit the youth?

Exposure to personalities worth emulating and insight on market trends

Explain the concept of Market Syndication and Linkaging in entrepreneurship development.

Linking young entrepreneurs with the market through trade fairs

What is the purpose of Business Plan Development and Training in entrepreneurship programs?

To provide technical assistance in developing business plans and skills training

How does the Business Information Network support young entrepreneurs?

By providing information on market trends and technologies

Who is the founder of the Go Negosyo movement?

Joey Concepcion

Who proposed the Innovation Theory in entrepreneurship?

Joseph Schumpeter

According to which theory does economic growth, especially during depression, attribute to the government?

Keynesian Theory

Which theory emphasizes the role of the organization as the most significant factor of production?

Alfred Marshall Theory

Which sociologist's theory emphasizes the significant contributions of social cultures to entrepreneurship?

Max Weber

Who introduced the Risk and Uncertainty-Bearing Theory in entrepreneurship?

Frank Hyneman Knight

Which theory gives importance to the advancement of technology as an element of production?

Kaldor's Technological Theory

What are the three clusters of entrepreneurial characteristics mentioned in the text?

Achievement Cluster, Planning Cluster, Power Cluster

How many types of risk-takers are mentioned in the text?

3

What are the common misconceptions about entrepreneurship according to the text?

  1. Entrepreneurship applies only to manufacturing businesses. 2. Entrepreneurship applies only to small businesses. 3. Entrepreneurship applies mostly to persons with good educational background in business courses. 4. Entrepreneurship applies only to a good economy.

Which characteristic distinguishes an entrepreneur from the owner of an ordinary small business?

Character trait

What is the term often misunderstood and equated with activities of ordinary small businesses?

Entrepreneurship

How many clusters are the ten entrepreneurial characteristics grouped into?

3

Explore the concepts of role modeling and mentoring in the business community, including mentor-apprentice relationships, market trends, business opportunities, and business plan development. Learn how exposure to successful personalities can influence youth to improve products, services, and business operations.

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