Description
Please answer each Question in a minimum of one paragraph.
1.In your own words explain, are entrepreneurs born or made?
References
Daley, J. (2013, Septemeber 19). Are Entrepreneurs Born or Made. Retrieved from Entrepreneur: http://www.entrepreneur.com/article/228273
Martins, A. T. (2014). 55 School Drop Out Billionaires & Successful Entrepreneurs. Retrieved from My Top Business Ideas: http://www.mytopbusinessideas.com/school-drop-out-...
2.In your own words, what is a venture capitalist?
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
3.In your own words, explain three of the nine building blocks for managers to use in developing an innovative and effective business model. (p.56)
Reference
Osterwalder, A. (2005, November 5). What is a Business Model? Retrieved from Business Model Alchemist: http://businessmodelalchemist.com/2005/11/what-is-...
4.What is a competitive advantage? How does marketing contribute to the creation of a competitive advantage?
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
5.What is market segmentation? List the steps in the market segmentation process.
References
MSG Experts. (2013). Steps in Market Segmentation. Retrieved from Management Study Guide: http://www.managementstudyguide.com/market-segment...
Suttle, R. (2014). Define Market Segmentation & Targeting. Retrieved from Chron: http://smallbusiness.chron.com/define-market-segme...
6.Discuss several reasons why marketers continue to have a difficult time understanding, predicting, and explaining consumer behavior.
Reference
McAlister, D. (2012, April 29). Predicting Consumer Behavior: What Marketers Need to Know. Retrieved from Marketing Where Technology Intersects Life: http://debmcalister.com/2012/04/29/predicting-cons...
7.In your own words, what are the characteristics of the four types of business legal entities?
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
8.How does the cultural environment affect international marketing activities?
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
9.Describe the advantages and disadvantages of a flat versus tall organizational structure.
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
10.Explain the concept of employees as stakeholders in your own words.
Reference
McCubbrey, D. J. (2009). Business Fundamentals. Global Text.
Explanation & Answer
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Running head: DISCUSSION QUESTIONS
Discussion Questions
Student’s Name
Institution Affiliation
DISCUSSION QUESTIONS
2
1. In your own words explain, are entrepreneurs born or made?
People are born with different characteristics. Taking a risk is one of the traits one can be
born with or without. However, the environment plays a more significant role in shaping an
individual (Daley, 2013). This means the trait of taking a risk can be acquired as one grows.
Thus, entrepreneurs can be either born or made. Since the environment plays a more significant
role in shaping an individual, I believe most entrepreneurs are made. Besides, people born
without the traits of entrepreneurship can acquire the entrepreneurial skills in schools by
attending business-related subjects. Just like Michael Dell states, "I had to give it a full go and
see what happened," one is required to get committed to their work and become successful in
entrepreneurship (Martins, 2014). This means that entrepreneurs are self-made.
References
Daley, J. (2013, Septemeber, 19). Are Entrepreneurs Born or Made? Retrieved September 23,
2014, from Entrepreneur: http://www.entrepreneur.com/article/228273
Martins, A. T. (2014). 55 School Drop Out Billionaires & Successful Entrepreneurs. Retrieved
September 23, 2014, from My Top Business Ideas:
http://www.mytopbusinessideas.com/school-drop-out-billionaires-successfulentrepreneurs/
2. In your own words, what is a venture capitalist?
DISCUSSION QUESTIONS
3
A venture capitalist refers to an individual who funds an entrepreneur to start their business.
Thus, a venture capitalist is an investor that offers capital to entrepreneurs or firms with the
potential of growing the aim of exchange for a stake. Venture capitalist targets business that they
believe with offer good return on investment. Also, a venture capitalist can give money to a
business that seeks to expand it’s operations. Usually, venture capitalist does not make any profit
until the service or product they were funding sells. According to McCubbrey (2009), the venture
capitalist has the rights if taking over the business or company in case they do not make the
expected return on investment.
Reference
McC...
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