Traits of Composite Entrepreneurship: Minniti, Bygrave, Autio (2006)
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Traits of Composite Entrepreneurship: Minniti, Bygrave, Autio (2006)

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Questions and Answers

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

Ray Kroc

Which individual is associated with founding the Hilton Hotels chain?

Conrad Hilton

Who is known for being a British billionaire, entrepreneur, commercial astronaut, and business magnate?

Richard Branson

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

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