Traits of Composite Entrepreneurship: Minniti, Bygrave, Autio (2006)
29 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Who is known for purchasing McDonald's in 1961 and serving as its CEO from 1967 to 1973?

  • Conrad Hilton
  • Richard Branson
  • Ray Kroc (correct)
  • Albert Alavera
  • Which individual is associated with founding the Hilton Hotels chain?

  • Ray Kroc
  • Richard Branson
  • Conrad Hilton (correct)
  • Angela Songco
  • Who is known for being a British billionaire, entrepreneur, commercial astronaut, and business magnate?

  • Barbes Trinidad Pio
  • Richard Branson (correct)
  • Ray Kroc
  • Conrad Hilton
  • What is the significance of creativity according to the text?

    <p>Helps with problem-solving</p> Signup and view all the answers

    Which activity does creativity NOT assist with based on the text?

    <p>Confusing thoughts and feelings</p> Signup and view all the answers

    What technique involves encouraging individuals to see an idea or problem differently?

    <p>Forced Analogy</p> Signup and view all the answers

    Which stage of the creative thinking process involves the actual generation of ideas?

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

    Which De Bono Thinking Hat focuses on critical thinking and negative aspects?

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

    What is the main goal of entrepreneurship according to Oxford Languages?

    <p>Taking on financial risk for profit</p> Signup and view all the answers

    Which technique involves setting quotas requiring individuals to submit a specific number of ideas?

    <p>Ideas Quotas</p> Signup and view all the answers

    In which stage of the creativity process do individuals lay out the plan for executing their ideas?

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

    According to Minniti, Bygrace, and Autio (2006), what is a likely characteristic of entrepreneurism?

    <p>Being opportunity-driven</p> Signup and view all the answers

    What is a common challenge faced by early stage entrepreneurs as mentioned in the text?

    <p>Having complete responsibility</p> Signup and view all the answers

    Who introduced the notion of spotting opportunity and acting upon it in entrepreneurship?

    <p>Peter Drucker</p> Signup and view all the answers

    In the 21st century, what has led to a rise in economic importance and employment in the international service sector?

    <p>'Outsourcing' by companies</p> Signup and view all the answers

    Which group is less likely to let fear of failure prevent them from starting a new business?

    <p>Graduates with post-school qualifications</p> Signup and view all the answers

    What is the key role of the government in relation to entrepreneurship?

    <p>Creating a conducive environment</p> Signup and view all the answers

    What did Richard Cantillon use to describe an entrepreneur in the 18th century?

    <p>'Someone who bore risk, made plans, organized, and owned factors of production'</p> Signup and view all the answers

    How are small businesses defined?

    <p>Privately owned with fewer employees and revenue</p> Signup and view all the answers

    What is a characteristic of small firms mentioned in the text?

    <p>Often family-owned</p> Signup and view all the answers

    Which factor influences the speed of wealth creation in small businesses?

    <p>Risk involved</p> Signup and view all the answers

    According to Zimmerer and Scarborough, what does 'culture' refer to?

    <p>Shared beliefs, values, and morals</p> Signup and view all the answers

    What term is used to describe 'the arts, social institutions, and achievements of a particular nation'?

    <p>'Culture'</p> Signup and view all the answers

    What does the term 'Culture' encompass?

    <p>Knowledge, beliefs, arts, laws, customs, and habits of individuals</p> Signup and view all the answers

    Which economic development model is based on the Taylorian notion of 'economic rational man'?

    <p>Modernization model</p> Signup and view all the answers

    What is one of Hofstede's cultural dimensions?

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

    What is the main focus of the 'Dependency model' of economic development?

    <p>Multinational corporations and developed nations as colonists</p> Signup and view all the answers

    What differentiates the 'Contingency' model from the Modernization and Dependency models?

    <p>It suggests that development need not be defined by the developed world</p> Signup and view all the answers

    Which of the following is NOT one of Hofstede's cultural dimensions?

    <p>'Economic Rationality'</p> Signup and view all the answers

    More Like This

    Entrepreneurial Characteristics Quiz
    12 questions
    Introduction to Entrepreneurship
    16 questions
    Use Quizgecko on...
    Browser
    Browser