Chapter 2: Entrepreneurship, the Entrepreneur and the owner-manager
Quiz
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