Module 2 eNTREPRENEURSHIP AND ITS SOCIAL IMPACT

Question 1

ENTREPRENEURIAL VENTURES ARE
CREATED BECAUSE OPPORTUNITIES ARE
IDENTIFIED, PURSUED AND EXPLOITED.

ECONOMIES WOULD NOT RUN WITHOUT
ENTREPRENEURIAL VENTURES.

Answer 1

ENTREPRENEURS IDENTIFY OPPORTUNITIES
IN THE MARKET.

Question 1

ENTREPRENEURS IDENTIFY
OPPORTUNITIES BY PROCESSING
MARKET INFORMATION.

Answer 1

ENTREPRENEURS PROCESS MARKET
INFORMATION.

Question 2

MORE IMPORTANT THAT IDENTIFYING
OPPORTUNITIES IS WHAT
ENTREPRENEURS ACTUALLY DO ABOUT
THEM.

THIS IS WHEN INNOVATION COMES IN, AND
THIS IS GENERALLY WHAT SETS THEM
APART FROM BUSINESSMEN AND
MANAGERS.

Answer 2

ENTREPRENEURS BRING INNOVATION.

Question 3

THERE WILL ALWAYS BE RISKS
INVOLVED IN STARTING ANYTHING NEW.

AS IT OFTEN IS WITH NOVEL THINGS,
ACCEPTANCE IS HARD TO COME BY.

Answer 3

ENTREPRENEURS TAKE AND ACCEPT RISKS.

Question 4

WITH INNOVATIONS, ENTREPRENEURS
ESTABLISH NEW VENTURES.

THEY USUALLY DON’T STOP AT ONE.

Answer 4

ENTREPRENEURS ESTABLISH NEW VENTURE
AND IMPROVE EXISTING ONES.

Question 5

ENTREPRENEURS ARE KNOWN TO
KNOW EVEN THE TINIEST DETAILS OF
THEIR VENTURES.

Answer 5

ENTREPRENEURS ARE MANAGERS AS WELL AS
LEADERS.

Question 6

“GETTING UP AND AT IT
EARLY GIVES ME TIME TO
GET ON TOP OF THINGS,
AND CHART MY DAY
EFFECTIVELY,”

Answer 6

SIR RICHARD BRANSON

Question 7

THE IMPACT OF
ENTREPRENEURSHIP

Answer 7

ENTREPRENEURSHIP SPURS ECONOMIC
GROWTH

ENTREPRENEURSHIP CREATES JOBS

ENTREPRENEURSHIPS BRING INNOVATIONS

ENTREPRENEURSHIP CREATES WEALTH