question archive ENTREPRENEURSHIP AND NEW VENTURE CREATION Introduction to Entrepreneurship • An introduction and discussion of entrepreneurship in general Whilst there is no universally accepted definition of entrepreneurship, it is fair to say that it is multi-dimensional
ENTREPRENEURSHIP AND NEW VENTURE CREATION Introduction to Entrepreneurship • An introduction and discussion of entrepreneurship in general Whilst there is no universally accepted definition of entrepreneurship, it is fair to say that it is multi-dimensional
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ENTREPRENEURSHIP AND NEW VENTURE CREATION
Introduction to Entrepreneurship
• An introduction and discussion of entrepreneurship in general
Whilst there is no universally accepted definition of entrepreneurship, it is fair to say that it is multi-dimensional. It involves analyzing people and their actions together with the ways in which they interact with their environments, be these social, economic, or political, and the institutional, policy, and legal frameworks that help define and legitimize human activities. - Blackburn (2011, p. xiii)
Entrepreneurship involves such a range of activities and levels of analysis that no single definition is definitive. - Lichtenstein (2011, p. 472)
It is complex, chaotic, and lacks any notion of linearity. As educators, we have the responsibility to develop our students' discovery, reasoning, and implementation skills so they may excel in highly uncertain environments. - Neck and Greene (2011, p. 55)
Purpose of the Report:
The report is designed to provide students the opportunity to demonstrate the skills and knowledge relating to the importance of and approaches to plan and run a successful enterprise. By focusing on a successful business that you are familiar with and applying your knowledge on the subject, please write a REPORT that answer the following 3 questions/tasks:
1. What are the qualities and characteristics of those in charge of this business that have helped to make it successful? Give exact examples/case that show how these qualities have helped in practice to make this business a success.
2. Provide examples of challenges (for example events that reduced its customer base and/or raised its costs) that this business has faced, which either were able to be or were not able to be predicted. Explain how these challenges may have disrupted the business plan and explain how the business acted to mitigate the negative effects of these challenges.
3. What is it that gives this business a competitive edge in the market and how did those in charge of this business develop this edge?
