Chapitre 1

Question 1

What is entrepreneuship

Answer 1

pursuit of opportunity without regard to ressources currently controlled

Question 2

three type of entrepreneurship

Answer 2

Occupational
Structural
Functional

Question 3

What is occupational entrepreneurship

Answer 3

• seen as a job

- individual as unit of analysis

Question 4

What is Structural entrepreneurship

Answer 4

• firm or industry as unit of analysis

- new and small firm as entrepreunarial firm

Question 5

What is Functional entrepreneurship

Answer 5

• entrepreunarial processes as unit of analysis

independant of occupation and strutural concepts

Question 6

personality entrepreneur

Answer 6

• Locus of control
• need of achievement
• Risk taking dimension
• situational variable

Question 7

what does an entrpreneur

Answer 7

• performs a series of actions that results in the creation of a new organisation
• it is not about having it for a long time but more beeing the creator of an org

Question 8

difference between small business owner and entrepreneur

Answer 8

- wealth creation ( amount) : SB= income stream that replaces traditional employment
E= subtantial wealth 
- Wealth creation ( speed)
SB= over a lifetime
E= Rapid ( within 5 years)
- Risk 
SB= low risk ( because business model successful)
E= High risk 
- Innovation:
SB= little innovation
E= subtantial innovation

Question 9

importance of entrepreneurship in society

Answer 9

• provides creative forces for new venture to work with
• make a difference in our world
• motivated by achievement, independence and accumulation of wealth

Question 10

what is the learning curve

Answer 10

more you know, better is your experience

Question 11

What is the creative destruction and who is its author?

Answer 11

• Schumpeter
• new way of using an existing industry by introducing a new technologie that change the way we live = less job, new way of consume, more customer
• motor of creative dest: new mindset, new perpectives, create new job, new possibility of doing our job, compliment the popular firm with technology offer new, better prod, faster services, lower prices

Question 12

5 dimension of economics of entrepreneurship

Answer 12

• role
• industry dev
• creative destruction
• regional dev
• Wealth, jobs