Chapter 1

Question 1

What is an entrepreneur by the definition Kuratko and Hodgetts?

Answer 1

Someone who establishes a new entity to offer a new or existing product or service into a new or existing market, whether it is for profitable or non-profitable outcome / An individual who organize resources, manages and assumes the risk of business

Question 2

What is an entrepreneur by the definition by Zimmerer & Scarborough

Answer 2

Creates a new business in the face of uncertainty to achieve profit and growth by identifying and capitalizing opportunities and assembling the necessary resources

Question 3

French definition? (Word & meaning)

Answer 3

ENTREPRENDE which means “To undertake or to try” (Richard Cantillon 1775)

Question 4

What are the characteristics of an entrepreneur?

Answer 4

Risk-taker
Innovative
Observant
Goal-oriented
Visionary
Team-oriented
Proactive

Question 5

what are Maslow’s hierarchy of needs? Start from the most to the least.

Answer 5

Physiological needs
Safety needs
Love and belonging
Esteem
Self-actualization