U1 Entrepreneurship

false

As an entrepreneur, Jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.

creativity

After a self-assessment evaluating her natural characteristics and personal qualities, Camilla's counselor tells her that she shows strength in a characteristic that is common of many entrepreneurs. Based on the fact that Camilla is a natural problem solver, likes to think outside of the box, and generally finds new and innovative ways of accomplishing things, what characteristic does she likely possess that might make her a good entrepreneur one day?

data and analytics provided by the internet didn't exist 40 years ago

Why is it easier to identify and target specific audiences and customers today than it was 40 years ago?

social enterprise

Celia is an entrepreneur that started a business creating affordable home décor from trash and litter found along highways and throughout cities. She has always been driven by her desire to use her business to change the world for the better. Based on this, what term best describes Celia's business?

a small business is limited in size, often employing less than 500 people

Cristian tries to register his business that employs 2,500 people as a "small business" with the Better Business Bureau but is denied. What is one reason that Cristian's business likely not considered "small"?

using a to-do system

Dale runs a very successful business and often feels as if there is not enough time in the day to accomplish everything that he needs to. He has always struggled with time management and has decided to start employing some strategies that other successful entrepreneurs use to manage their time better. What is one strategy that Dale might use to do this?

the franchise agreement

Dwayne recently became a franchisee for a local donut chain. He has big ideas about how to decorate and "update" his franchise but before he does anything, what will he need to refer to make sure that the changes he has in mind are permissible?

gathering needs of customers and fulfilling those needs largely with the use of online media outlets

Henry was recently hired as the head of social media marketing for a small podcast company. What will this role likely entail?

Entrepeneurship

If an entrepreneur is the person who starts a new business, _____ is the activities associated with setting up a new business and taking on the risk.

start a new business venture

Janelle has always dreamed of being able to call herself an entrepreneur. In order to call herself this, what will Janelle need to do?

example-first leadership

Magnolia has always looked up to entrepreneur Sir Richard Branson and the way that he makes it easy for his employees to see how he is not afraid to break rules to succeed, encouraging them to act in the same way when appropriate. What style of leadership does Branson use that Magnolia admires?

Just one person

Many large corporations like Coca-Cola, Ford, Nike, and McDonald's were started many years ago by:

chatbots and virtual answering services

Mosimmo runs a successful online fashion retail business and is known for his timely responses to customer calls, emails, and texts. However, Mosimmo only has several employees. How does Mosimmo likely handle large volumes of customer communication efficiently without a large workforce

true

To be a strategic thinker, one must anticipate changes and forces in the external environment.

financial services

What is an example of a businesses or industry that may require an entrepreneur have additional professional certifications beyond just basic knowledge or expertise?