Chapter 9

Question 1

Entrepreneur

Answer 1

A business leader willing to risk starting a new company and offering a product or service he or she hopes will be sustainable and permit the firm to prosper

Question 2

Entrepreneurial risk

Answer 2

According to business consultant Patrick Henry:
75% of venture-backed startups fail

Failure rate of all us companies after 5 years was over 50 percent
and over 70 percent after 10 years

Question 3

What type of culture is often featured in startups

Answer 3

One that features the massive ego of its founders - misogyny, homophobia, and sexual harassment

Question 4

Hewlett Packard

Answer 4

A startup in the 1930s by Bill Hewlett and David Packard - started in an actual garage

Question 5

What is the unique personality of a startup founder?

Answer 5

They must be able to weather much stress and personal deprivation to pursue success of the firm, not matter the personal or collective costs involved

Question 6

What is a major ethical consideration for startups?

Answer 6

Does the possible business success warrant the ethical cost?

Question 7

What problems might arise from startup success?

Answer 7

Added layers and hardened bureaucracy

Question 8

What problems might arise from bureaucratization?

Answer 8

Additional layers of management

Codified procedures

Internal obstructions

Sense of common purpose can become diluted

Question 9

What happens when startup staff expands?

Answer 9

Employees ranks become more defined

Titles and hierarchies appear

Individual achievements become harder to spot

A small partnership becomes a corporate behemoth

Question 10

Common characteristic of successful startups

Answer 10

Charismatic, driven founders with take-no-prisoners competitive mentalities

Question 11

Entrepreneurial culture

Answer 11

A combination of personality and amangement style often identified with those business leaders who strike out on their own, bring a start-up to life an dshape its initial business practices and culture on the job

Question 12

What should you ask yourself if you are seeking the right leadership style?

Answer 12

What type of leader do I want to work for?

Question 13

Sweatshop

Answer 13

a factory that is guilty of some sort of labor abuse or violation such as unsafe working conditions, employment of children, mandatory overtime, payment of less than the minimum wage, unsafe working conditions, abusive discipline, sexual harassment, or violation of labor laws and regulations.

Question 14

Uprising of the 20,000

Answer 14

a mass walkout of the Tirangle Shirtwaist sweatshop - 20,000 of 32,000 total employees walked out

Question 15

Center of apparel manufacturing in NY by the end of the 20th century

Answer 15

The garment district

Question 16

What was the Great Revolt?

Answer 16

When 60,000 workers walked off the job from various garment companies in 1910

Question 17

What happened that finally gave rise to 60 new laws surrounding fire safety and labor rights passing in NY

Answer 17

The Triangle Shirtwaist Factory caught fire and many workers died.

Question 18

When did the Triangle Shirtwaist Factory fire occur?

Answer 18

1911

Question 19

Globalization

Answer 19

refers to the growing interconnection of the world’s economies

Question 20

GATT

Answer 20

General Agreement on Trade and Tariffs

• 1947

Question 21

WTO

Answer 21

World Trade Organization

Question 22

Foreign Outsourcing

Answer 22

The practice of moving manufacturing operations to low-cost countries

Question 23

What were some of the methods that Kernaghan employed when ferreting out data about sweatshops?

Answer 23

Tailing trash trucks to dumpsites to search them for information from the owner company

Chatting with the workers when they were on breaks

Question 24

When was the Apparel INdustry Partnership started?

Answer 24

1995

Question 25

Under what administration was the Apparel Industry Partnership started?

Answer 25

Bill Clinton

Question 26

Fast Fashion

Answer 26

Fashion is produced at low cost, high volume and incredibly high speed ( in terms of design to production)

Question 27

Disposability is an essential aspect of

Answer 27

Fast Fashion

Question 28

What is a downside of fast fashion

Answer 28

When it doesn’t cost as much, it isn’t valued as much.

It encourages consumerism. Almost no pleasure is derived from a piece of clothing since it isn’t enjoyed for along time