Module 10

Question 1

“Entrepreneurs adopt the ways of the adept and adapt to a changing environment. Actually, entrepreneurs are
more entrepreneurs, because they are forever entering into new territory.”

Answer 1

Jarod Kintz

Question 2

“Entrepreneurship rests on a theory of economy and
society. The theory sees change as normal and indeed as healthy. And it sees the major task in society—and especially in the economy—as doing something different
rather than doing better what is already being done.

Answer 2

Peter Drucker

Question 3

a set of interconnected entrepreneurial actors, entrepreneurial
organizations, institutions and entrepreneurial processes which
formally and informally coalesce to connect,
mediate and govern the performance within the
local entrepreneurial environment.

Answer 3

Entreprenurial Ecosystem

Question 3

Viewed as a complex adaptive system that can
be compared to a natural ecosystem, like a forest.

Answer 3

Entreprenurial Ecosystem

Question 4

includes a company’s
activities that are independent of other companies

Answer 4

internal ecosystem

Question 5

includes all of the
other actors that the company is dependent upon
in some way.

Answer 5

external ecosystem

Question 6

occurs when something more substantial
happens.

Answer 6

Parameter change

Question 7

the change from the first state to a new and very
different one.

Answer 7

Bifurcation

Question 8

a form of entrepreneurship that occurs within
existing organizations

Answer 8

Intrapreneurship

Question 9

According to ____ Intrapreneurs are generally considered to be
“significantly more risk-averse than entrepreneurs,
earn lower incomes, perceive less business
opportunities in the short term and do not consider
that they have enough skills to succeed in setting
up a business

Answer 9

Martiarena, 2013

Question 10

a corporate executive who
develops new enterprises within the corporation”;
however some might consider some employees
who are not corporate executives to also be
intrapreneurs if they demonstrate entrepreneurial
behaviour within the company they work for.

Answer 10

Intrapreneur

Question 11

involves employing the principles of
entrepreneurship to create organizations that
address social issues.

Answer 11

Social entrepreneurship

Question 11

is an individual who targets
an unfortunate but stable equilibrium that causes
the neglect, marginalization, or suffering of a
segment of humanity; who brings to bear on this
situation his or her inspiration, direct action,
creativity, courage, and fortitude; and who aims for
and ultimately affects the establishment of a new
stable equilibrium that secures permanent benefit
for the targeted group and society at large.

Answer 11

Social entrepreneur

Martin and Osberg (2007)

Question 12

All those who design and run social businesses are
social entrepreneurs – but NOT ALL social
entrepreneurs are engaged in social businesses

Answer 12

Lynch & Walls, 2009

Question 12

“Social entrepreneurs“ use their skills not only to
create profitable business ventures, but also to
achieve social and environmental goals for the
common good.”

Answer 12

Zimmerer & Scarborough, 2008

Question 13

Describes sustainable ventures that combine
“business principles with a passion for social
impact.”

Answer 13

Wolk, 2008

Question 14

Social entrepreneurs are “people who start
businesses so that they can create innovative
solutions to society’s most vexing problems, see
themselves as change agents for society.”

Answer 14

Scarborough, Wilson, & Zimmer, 2009

Question 15

addresses social problems or needs that are
unmet by private markets or governments and is motivated primarily by social benefit

Answer 15

Social entrepreneurship

Question 16

entrepreneurship carried out by Indigenous people

Answer 16

Aboriginal / Indigenous entrepreneurship

Peredo & Anderson, 2006

Question 17

“a process in which the community acts
entrepreneurially to create and operate a new
enterprise embedded in its existing social
structure.”

Answer 17

community based enterprise

Peredo and Chrisman (2006)

Question 18

“the ability of
individual or grouped human actors to evaluate
the economic potential latent in a selected item
of new knowledge and to design ways to
transform that potential into realizable economic
value for intended stakeholders.

Answer 18

Entrepreneurial capacity-

Question 19

the interaction of human
capital, organizational resources, and social
capital existing within a given community that
can be leveraged to solve collective problems
and improve or maintain the well-being of a
given community.

Answer 19

Community Capacity-

Question 20

facilitators of products of the organization

Answer 20

Supply-side stakeholders-

Question 21

stakeholders-consumers or
clients

Answer 21

Demand-side stakeholders

Question 22

characterized by the unique influences family
members have on how their firms operate and by
the distinctive challenges they face that make them
behave and perform differently than other
categories of businesses.

Answer 22

Family Business

Chua et al., 2003