Entrepreneurship can best be described as:- a process that requires setting up a business
- taking a significant risk in a business context
- having a strong vision
- a process involving innovation, new products or services, and value creation
- the generation of new jobs
- The small business ‘owner-manager’ is always the founder of the business:
- True
- False
- Which of these statements best describes the context for entrepreneurship:
- Entrepreneurship takes place in small businesses
- Entrepreneurship takes place in large businesses
- Entrepreneurship takes place in a wide variety of contexts
- Entrepreneurship does not take place in social enterprises
- Entrepreneurship takes place in the public sector
- Entrepreneurs are always motivated by:
- independence
- money
- personal values
- pull influences
- push influences
- Young people are much more likely to be entrepreneurs than older people.
- True
- False
- Which of the following are described as one of the ‘Big Five’ personality traits
- tolerance of others
- need for achievement
- propensity to leadership
- locus of control
- extravert personality
- The personality trait approach is no longer considered to be the best one we have for understanding how entrepreneurs work
- True
- False
- The sociological theory of entrepreneurship refers to:
- Looking at individuals’ personality traits
- Understanding how our thought processes influence our entrepreneurial capacity
- Describing how different business-types influence entrepreneurial activity
- Reviewing the way in which the environment influences who becomes entrepreneurial
- None of the above
- Which one of the following is not considered as one of the ‘building blocks’ of the ‘model entrepreneur’?:
- technical skills
- management competencies
- business awareness
- personal attributes
- entrepreneurial management behaviours
- Strong ties are much more important to entrepreneurs than weak ties.
- True
- False