Week 4

Question 1

Mollick- entrepreneurship - as a process

Answer 1

recognising opportunities (potential entrepreneur)

assembling resources (nascent entrepreneur)

Launch of venture (new entrepreneur / baby business)

harvesting and succeeding (established entrerpreneur

Question 2

Mollick - crowdfunding: founder goals

Answer 2

raising capital
testing the market
marketing purposes

Question 3

Mollick - crowdfunding: funders motivation

Answer 3

donation and patronage model
rewards
pre-selling
lending
equity stake
other arrangements

Question 4

Mollick - when looking for finance via crowdfunding

Answer 4

pay attention to signals of quality and preparedness that compensate for information asymmetry for investors

develop and utilize your social network

plan for funding successs to deliver on time and set appropriate goals

over-funding is rare (but be prepared)

Question 5

Parrish - resource perpetuation

Answer 5

produce benefit streams by enhancing and maintaining quality of human and natural resources for the longest time possible

Question 6

Parrish - benefit stacking

Answer 6

stack as many benefits as possible onto each operational activity

Question 7

Parrish - strategic satisficing

Answer 7

strategically identify satisfactory outcomes of multiple objectives

Question 8

Parrish - qualitative management

Answer 8

use expected quality of outcomes and processes as decision criteria

Question 9

Parrish - worthy contribution

Answer 9

structure benefit streams to privilege worthy recipients by providing opportunities for contributing to the enterprise

Question 10

York, O’Neill & Sarasvathy - three founder identities

Answer 10

commercial dominant - desire for wealth and status as founder

ecological dominant - commitment to preserve and protect environment + hiring common minded people

blended - commitment to environmental entrepreneurship as a means to enact the perceived synergies between a founder’s ecological and commercial identities.

Question 11

York, O’Neill & Sarasvathy - stakeholder selection

Answer 11

inclusive incentivizing - commercial dominant founders seemed to welcome all stakeholders who can make them more successful

exclusive incentivizing - ecological dominant founders were focused on working with stakeholders who share the ecological motivation

incentivizing for self-selection - blended founders accepted that stakeholders have different perceptions of the business