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Samenvatting

MNB3701 - Exams combined SUMMARY

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Global business management

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1


QUESTION:

By means of examples from the case study, ID and explain 5 characteristics displayed which are
associated with an entrepreneurial individual/ By quoting relevant issues from the case study,
present at least 5 characteristics displayed that are associated with an entrepreneurial individual

SECTION 2: Creating the entrepreneurial organisation

Chapter 6: Human resources in the entrepreneurial organisation – The entrepreneurial personality

OCT/NOV 2014: SECTION A - QUESTION 1.3 (5)
MAY/JUNE 2015: SECTION A - QUESTION 1.2 (10)
MAY/JUNE 2016: SECTION A - QUESTION 1.3 (5)
SEMESTER 1 – 2017: ASSIGNMENT 2 – QUESTION 1 (5)
2017: SELF ASSESSMENT ASSIGNMENT 3 – QUESTION 1 (5)

ANSWER:

1) Achievement of motivation
o They are driven by the task, the challenge: The opportunity to accomplish what
others said could/would/should not be done
2) Internal locus of control
o Entrepreneurs are change agents: They fundamentally believe that, with enough
time & effort and their own involvement they can change their environment
3) Calculated risk-taking
o Can be defined as pursuit of a course of action that has a reasonable chance of
costly failure, where failure is a significant negative difference between
anticipated and actual results
4) Tolerance of ambiguity
o Things do not have to follow an exact pattern. They are often messy and
imprecise with tremendous uncertainty
5) Commitment/Perseverance/Determination
6) Independence
7) Self-Confidence and Optimism
8) Tolerance for failure
9) Persistent Problem solving
10) Opportunity Orientation
11) Integrity and Reliability
12) High energy level/work ethic
13) Resourcefulness
14) Creative and Innovativeness
15) Vision
16) Team Building

,2


QUESTION:

Discuss/Describe the term/concept Entrepreneurial Intensity and show/indicate by means of
examples from the case study how it is practiced/applied at XXX/ How would you measure XXX
entrepreneurial intensity? Substantiate your answer by giving examples from the case study:
SECTION 1: Building blocks for corporate entrepreneurship

Chapter 3: Levels of entrepreneurship in organisations – Entrepreneurial Intensity – Exploring the
dimensions of Entrepreneurship

OCT/NOV 2013: SECTION A - QUESTION 1.1 (10)
MAY/JUNE 2014: SECTION A – QUESTION 1.2 (10)
MAY/JUNE 2015: SECTION A - QUESTION 1.1 (10)
OCT/NOV 2015: SECTION A – QUESTION 1.3 (10)
OCT/NOV 2016: SECTION A – QUESTION 1.2 (10)
MAY/JUNE 2017: SECTION A – QUESTION 1.2 (10)
OCT/NOV 2017: SECTION A – QUESTION 1.1 (10)
SEMESTER 1 – 2017: ASSIGNMENT 2 – QUESTION 2 (10)
SEMESTER 2 – 2017: ASSIGNMENT 2 – QUESTION 2 (11)
2017: SELF ASSESSMENT ASSIGNMENT 3 – QUESTION 2 (10)
SEMESTER 2 – 2018: ASSIGNMENT 2 – QUESTION 7 (9)

ANSWER:

Entrepreneurial intensity refers to

- The assessment of the overall level of entrepreneurship in a company by combining
1. The degree of entrepreneurship (level of innovativeness, reactiveness and risk-
taking)
2. and the frequency of entrepreneurship (the number if entrepreneurial events that
take place in a given time period)

- INNOVATIVENESS:
1. The extent to which an organisation does things in novel, different and unique ways
2. A Range of possibilities exist:
 New or improved products
 New or improved services
 Process Innovation
- PRO-ACTIVENESS
1. Concerned with the:
 Implementation
 Taking responsibility
 Doing whatever is necessary to bring an entrepreneurial concept to fruition
2. It usually involves:
 Perseverance
 Adaptability
 and willingness to assume responsibility for failure
- RISK TAKING
1. Willingness on the part of the organisation to pursue opportunities that have a
reasonable likelihood of producing losses or significant performance discrepancies

,3


2. The emphasis is on moderate and calculated risk
3. 4 innovation types in respect of product innovation:
 Discontinued innovation
 Dynamically continuous innovation
 Continuous innovation
 Imitation

, 4


QUESTION:

By means of examples from the case study, briefly discuss whether xxx meet the characteristics of
an entrepreneurial mindset/ By quoting relevant points from the case study, briefly discuss whether
xxx and her managers meet the characteristics of an entrepreneurial mindset/ ID 5 characteristics
of an entrepreneurial mindset, and briefly discuss whether xxx and his managers meet these
characteristics/

SECTION 3: Achieving and sustaining entrepreneurial performance

Chapter 15: Sustaining entrepreneurial performance in the 21st century – The entrepreneurial
mindset

MAY/JUNE 2013: SECTION A - QUESTION 1.3 (6)
MAY/JUNE 2014: SECTION A – QUESTION 1.1 (5)
OCT/NOV 2014: SECTION A - QUESTION 1.1 (5)
MAY/JUNE 2016: SECTION A – QUESTION 1.4 (10)
MAY/JUNE 2017: SECTION A – QUESTION 1.1 (10)
SEMESTER 1 – 2017: ASSIGNMENT 2 – QUESTION 3 (10)
SEMESTER 2 – 2017: ASSIGNMENT 2 – QUESTION 1 (10)
2017: SELF ASSESSMENT ASSIGNMENT 3 – QUESTION 3 (10)
SEMESTER 2 – 2018: ASSIGNMENT 2 – QUESTION 4 (4)

ANSWER:

1) They passionately seek new opportunities
a. Habitual entrepreneurs:
i. Stay alert
ii. Always looking for the chance to profit from change and disruption in
the way business is done
2) They pursue opportunities with enormous discipline
a. Habitual entrepreneurs are not only alert enough to spot opportunities, but
make sure they act on them
b. They make investments only if the competitive arena is attractive and the
opportunity is ripe
3) They pursue only the very best opportunities and avoid exhausting themselves and
their organisations by chasing after every option
a. They go after a tightly controlled portfolio of opportunities in different stages of
development
b. They tightly link their strategy with their choice of projects, rather than diluting
their efforts to broadly
4) They focus on execution – Specifically, adaptive execution
a. Execute: They get on with it instead of analysing new ideas to death
b. Adaptive: Able to change direction as the real opportunity, and the best way to
exploit is, evolve
5) They engage the energies of everyone in their domain
a. In pursuit of an opportunity - They involve many people, both inside and outside
of the organisation
b. They create and sustain networks of relationships
c.

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