Lecture 1

Question 1

Top-line growth

Bottom-line growth

Triple bottom line

Answer 1

Sales, revenue

Earnings, probability

Social and environmental performance, quality of governance

Question 2

Under perfect competition, growth opportunities do not exist. Give example

Answer 2

Suger market

Question 3

Creative destruction

Answer 3

Opportunities arise from competition and tech destroys existing market conditions

Entrepreneurs renew markets and are the destruction

Question 4

Uncertainty

Answer 4

When actions are available

the likelihood that an outcome may occur

Can be mitigable or unmitigable

Question 5

Uncertainty problems

Answer 5

Prediction problems (know uncertainty)

Risk problems (mitigable uncertainty)

Question 6

types of uncertainty

Answer 6

Ambiguity problem: The available options and their possible outcomes are (roughly) known, yet not their probability of occurrence.

Unknowability problems: There is no way to discover which outcomes are possible and accordingly no statements on likelihoods are possible.

Question 7

ENTREPRENEURIAL NARRATIVES
PERSPECTIVE

Answer 7

Opportunities do not exist
independently of the
entrepreneur but are ”talked
into being”.

Question 8

ENTREPRENEURIAL ENABLER
PERSPECTIVE

Answer 8

Actors create opportunities for
venture growth.