30 Questions
What is the meaning of the French root 'entreprendre' from which the word 'Entrepreneur' is derived?
to set about, go to work on
According to J.B.Say, who is an entrepreneur?
A person who brings different factors of production together
What is the biggest challenge in the study of entrepreneurship over the past 200 years?
All of the above
Who defined an entrepreneur as a person who maximizes opportunities and is an innovator?
Peter Drucker
What is essential for entrepreneurs according to Peter Drucker?
Effectiveness and efficiency
What is the common characteristic among entrepreneurs according to Economist Schumpeter?
Innovation through new combinations
What is the key aspect of entrepreneurship that differentiates it from small business ownership?
The creation stage of the organization
What is the focus of entrepreneurship when examining the link to organization creation?
The behaviors of individuals
What is the relationship between entrepreneurship and small business ownership?
Entrepreneurship ends as soon as small business ownership starts
What is the primary role of an entrepreneur during the growth stage of an organization?
To manage the organization
What is the driving force behind entrepreneurship?
Creative destruction and continual change
What is the primary focus of studying entrepreneurship as a phenomenon?
The creation or extraction of value
What is the distinction between an entrepreneur and a small business manager?
The stage of organization creation they are in
What is an important characteristic of an entrepreneur's mindset?
A growth mindset that believes in the power of effort and teamwork
What is NOT a defining characteristic of an entrepreneur?
Working in a large company
What is the key difference between an entrepreneur and a successful employee?
Their ability to take risks and create value
Why did Said Al Mawali and Yaqoob Al Zadjali start Pappa Roti Oman?
They had a growth mindset and took on financial risks
What is the main reason why not all successful employees become entrepreneurs?
They do not have a growth mindset
What is the annual sales range for a small enterprise in Oman according to the MoCI's criteria?
OMR 100,000 - less than 500,000
What is the primary motivation of an intrapreneur?
To leverage existing resources and networks within a company
What is a key characteristic of entrepreneurs?
Self-motivation to perform the task
Why are entrepreneurs important to the economy?
They contribute to employment, innovation, competition, community well-being and economic growth
What is the head count range for a micro enterprise in Oman according to the MoCI's criteria?
1-5 workers
What is the main goal of an entrepreneur?
To increase individual wealth and ownership
What percentage of customers are responsible for 80% of complaints?
20%
What is the primary purpose of a Pareto chart?
To indicate the frequency of defects and their cumulative impact
What is the name of the structured brainstorming tool used to explore root causes of an undesirable effect?
Fish bone
What is the primary difference between the approach of PM in SMEs and large scale organizations?
It is distinctly different
What is the role of entrepreneurial project managers in business?
To actualize ideas and create products and services
What are the stages of the Tukman Ladder?
Forming, Storming, Norming, Performing, Adjourning
Test your knowledge of the history and development of entrepreneurship, including its definition, nature, and challenges. Learn about the historical contributions to the field and why some people become entrepreneurs. Explore the theories and debates surrounding entrepreneurship.
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