Busienss Entrepreneur In Residence Assignment Help

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Please answer the following questions in short essay format using paragraphs with complete sentences, paying attention to spelling and grammar. You can put your answers after the questions and upload your WORD DOC file (not zipped please) to BB Assignments. Aim for half a page answer for each question.

If you use websites or outside resources please cite them in APA style.

1) Think of a famous successful entrepreneur (one that your professor would know). Name this person and their business. Describe how this person became successful and a top producer in their field. Name 2 strategies that this person used to make their business profitable. Now name 2 lessons learned from this individual that could be used by other entrepreneurs.


2) Think of a famous entrepreneur who failed or was not successful (one that your professor would know). Name the person and the business. Describe how this person failed in their business venture. Name 2 actions this person took that caused them to fail. Now name 2 lessons learned from this individual that other entrepreneurs should be careful not to do.


3) Go back to our PPTS on BB about mindsets. Choose 2 of the mindsets slides. Write a paragraph about each one, giving a real world example of the old mindset, which does not work for businesses today, and then give a real world example of the new mindset, which does work in today’s marketplace. Be sure to give 4 separate examples in your answer.


4) Trends in entrepreneurship. Name 3 different trends that you have observed in entrepreneurship recently in the United States. For each trend you name, explain why you think the trend has become popular, what is the marketplace result of the trend, and if this trend will continue or will it change in the future.


5) Choose an area of entrepreneurship that you are interested in. Do an internet search on this topic or read about it or go to the library to do some research on it. Describe your area of interest. What makes you interested in this topic? Now share 3 things that you learned about it (or want to learn about it). Add any other comments you like here.

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Please answer the following questions in short essay format using paragraphs with complete sentences, paying attention to spelling and grammar. You can put your answers after the questions and upload your WORD DOC file (not zipped please) to BB Assignments. Aim for half a page answer for each question. If you use websites or outside resources please cite them in APA style. 1. Think of a famous successful entrepreneur (one that your professor would know). Name this person and their business. Describe how this person became successful and a top producer in their field. Name 2 strategies that this person used to make their business profitable. Now name 2 lessons learned from this individual that could be used by other entrepreneurs. 2. Think of a famous entrepreneur who failed or was not successful (one that your professor would know). Name the person and the business. Describe how this person failed in their business venture. Name 2 actions this person took that caused them to fail. Now name 2 lessons learned from this individual that other entrepreneurs should be careful not to do. 3. Go back to our PPTS on BB about mindsets. Choose 2 of the mindsets slides. Write a paragraph about each one, giving a real world example of the old mindset, which does not work for businesses today, and then give a real world example of the new mindset, which does work in today’s marketplace. Be sure to give 4 separate examples in your answer. 4. Trends in entrepreneurship. Name 3 different trends that you have observed in entrepreneurship recently in the United States. For each trend you name, explain why you think the trend has become popular, what is the marketplace result of the trend, and if this trend will continue or will it change in the future. 5. Choose an area of entrepreneurship that you are interested in. Do an internet search on this topic or read about it or go to the library to do some research on it. Describe your area of interest. What makes you interested in this topic? Now share 3 things that you learned about it (or want to learn about it). Add any other comments you like here. New Ideas in Entrepreneurship NSU BUS 469 Spring 2019 Idea 1 • Old mindset: business background is required • New mindset: other backgrounds can be valuable Idea 2 • Old mindset: Customer is always right • New mindset: Customer can help you discover what is right; participation society Idea 3: • Old mindset: Theories, models, equations can solve problems • New mindset: New ways of thinking can solve problems Idea 4 • Old mindset: Once a product or service exists, it is good enough • New mindset: Constant improvement is required Idea 5 • Old mindset: Information is too valuable to share; it must be guarded • New mindset: Information sharing can lead to valuable insights that could not be gained alone Idea 6 • Old mindset: Competitors are the enemy • New mindset: Competitors can be partners Idea 7 • Old mindset: Managers and employees are very different than customers • New mindset: Managers, employees and customers can work together Idea 8 • Old mindset: All steps in the entrepreneurial process must be followed in order over time • New mindset: Steps required to bring a new product or service to market can happen in any order and at any time, if it results in a marketable product or service Idea 9 • Old mindset: The formal channels of start up funding are required and necessary to bring a product to market. • New mindset: New and creative forms of start up funding are available and ready to bring a product to market. Idea 10 • Old mindset: The formal business plan is needed to start a successful new business • New mindset: Various types of business plans can be used to start successful businesses, including virtual, abbreviated and hybrid Idea 11 • Old mindset: Telling customers what they need • New mindset: Listening to what customers want Idea 12 • Old mindset: Once a marketing plan is created, it can be used on all platforms • New mindset: Marketing plans need to be fluid and dynamic, to respond to market events. Idea 13 • Old mindset: Social media is an optional platform for businesses • New mindset: Someone else will manage your social media platform if you do not. Idea 14 • Old mindset: Research and development teams are optional for businesses • New mindset: Research and development teams are necessary for businesses, though they may be called by a different name Idea 15 • Old mindset: Businesses can remain domestic if they prefer • New mindset: All business is global, because the competition is likely global or will be in the future Idea 16 • Old mindset: Strategies are fixed once they are created • New mindset: Strategies are hypothesis driven Idea 17 • Old mindset: Centralization • New mindset: Decentralization, to get decisions made close to the customer and market Idea 18 • Old mindset: Build the product or service in the lab • New mindset: Build the product or service in the marketplace iteratively with changes as needed in the process Idea 19: • Old mindset: Entrepreneurship is only for certain individuals • New mindset: Entrepreneurship can be for everyone, since they can participate in various ways Idea 20: • Old mindset: Entrepreneurship requires entrepreneurs to have a zero sum game mentality • New mindset: Entrepreneurship can involve a win-win mentality for entrepreneurs
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Running head: ENTREPRENEUR IN RESIDENCE

Entrepreneur in Residence
Course Name and ID
Student’s Name
University

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ENTREPRENEUR IN RESIDENCE

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1) Think of a famous successful entrepreneur (one that your professor would know). Name
this person and their business. Describe how this person became successful and a top
producer in their field. Name 2 strategies that this person used to make their business
profitable. Now name 2 lessons learned from this individual that could be used by other
entrepreneurs.
Jeff Bezos is an American Entrepreneur who is worth an estimated $134billion. Bezos is
the Chief executive officer and founder of the e-commerce business amazon which has made him
one of the richest people globally. Bezos studies electrical engineering and computer science at
Princeton University before working on Wall Street where he became the youngest senior vice
president in 1990. He later quit his job to start the online e-commerce business amazon that
became a big success story. Bezos purchased The Washington Post in 2013 as he sought to
exploit the success associated with business ventures. The success of Amazon is attributed to
three strategies, setting high standards, outlining realistic expectations and maintaining touch
with consumers to foster sat...


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