Podcast
Questions and Answers
What is the origin of the term 'entrepreneur'?
What is the origin of the term 'entrepreneur'?
- Italian word meaning 'to invest'
- Spanish word meaning 'to risk'
- French word meaning 'to undertake' (correct)
- German word meaning 'to innovate'
Which type of entrepreneurs introduce innovations but their contributions are minimal and attract few competitors?
Which type of entrepreneurs introduce innovations but their contributions are minimal and attract few competitors?
- Microentrepreneurs (correct)
- Megaentrepreneurs
- Serial entrepreneurs
- Social entrepreneurs
What distinguishes megaentrepreneurs from microentrepreneurs?
What distinguishes megaentrepreneurs from microentrepreneurs?
- Size of the company
- Number of competitors attracted
- Speed at which value is added
- Amount of value created (correct)
What characteristic do both megaentrepreneurs and microentrepreneurs share?
What characteristic do both megaentrepreneurs and microentrepreneurs share?
How does Peter Drucker emphasize the process of starting and managing a business?
How does Peter Drucker emphasize the process of starting and managing a business?
What is a common characteristic between megaentrepreneurs and microentrepreneurs according to the text?
What is a common characteristic between megaentrepreneurs and microentrepreneurs according to the text?
What is the main focus of the entrepreneurial process of 'Discovery'?
What is the main focus of the entrepreneurial process of 'Discovery'?
How do megaentrepreneurs typically source their business ideas?
How do megaentrepreneurs typically source their business ideas?
What does the 'Development of concept' stage in the entrepreneurial process involve?
What does the 'Development of concept' stage in the entrepreneurial process involve?
In the entrepreneurial process, what is the purpose of 'Organizing resources'?
In the entrepreneurial process, what is the purpose of 'Organizing resources'?
What activities are covered under the 'Implementation' phase of the entrepreneurial process?
What activities are covered under the 'Implementation' phase of the entrepreneurial process?
What is the primary focus of 'Reaping the returns' in the entrepreneurial process?
What is the primary focus of 'Reaping the returns' in the entrepreneurial process?
Flashcards are hidden until you start studying
