SPMA 4P10 Midterm Questions with Correct Solutions| Latest Update Graded A+
why not to be entrepreneur - uncertainty
- high risk level
- lack of financial resources
- wage amount
- abilities
causes of over optimism - random influences
- providing you can do it!
- cant find a job you like
- lifes goal to launch business
Lived Experiences - ill-fitted experiences
- self confidence and self-esteem
- need to share, teach, and communicate
- moving towards self-actualization
- perception of others
- beneficial for entrepreneurs
- doing the right thing
- blurred lines of identity
trends in SME's 1. only small percent of companies attribute high growth sector
2. declining number of mid-size firms
3. dampening of entrepreneurial ventures in Canada from 2007 crisis
4. downward trend in the size and growth of new start ups
5. disappearance of good producing firms
, Answers for SME's - make growth attractive
- improve access to capital for firms with high growth potential
- promote internalization
- build mgmt competencies for high growth
- promote technology
Entrepreneur enablers people who can sport and encourage potential entrepreneurs
competencies of enablers - know their strengths and weaknesses
- access the skills of the entrepreneur
- counselling
- advising
- training/ teaching
entrepreneural coaching individual whose objective is to develop skills through learning in
one or more management field
features of successful coaching relationship - chemistry
- oral communication
- familiarity with SME context
- commitment to relationship
business incubators - often sponsored by private companies, governments, or public
institutions
- goal is create growth by providing support and financial aid
sources of finance - 3 F's (family, friends, fools)
why not to be entrepreneur - uncertainty
- high risk level
- lack of financial resources
- wage amount
- abilities
causes of over optimism - random influences
- providing you can do it!
- cant find a job you like
- lifes goal to launch business
Lived Experiences - ill-fitted experiences
- self confidence and self-esteem
- need to share, teach, and communicate
- moving towards self-actualization
- perception of others
- beneficial for entrepreneurs
- doing the right thing
- blurred lines of identity
trends in SME's 1. only small percent of companies attribute high growth sector
2. declining number of mid-size firms
3. dampening of entrepreneurial ventures in Canada from 2007 crisis
4. downward trend in the size and growth of new start ups
5. disappearance of good producing firms
, Answers for SME's - make growth attractive
- improve access to capital for firms with high growth potential
- promote internalization
- build mgmt competencies for high growth
- promote technology
Entrepreneur enablers people who can sport and encourage potential entrepreneurs
competencies of enablers - know their strengths and weaknesses
- access the skills of the entrepreneur
- counselling
- advising
- training/ teaching
entrepreneural coaching individual whose objective is to develop skills through learning in
one or more management field
features of successful coaching relationship - chemistry
- oral communication
- familiarity with SME context
- commitment to relationship
business incubators - often sponsored by private companies, governments, or public
institutions
- goal is create growth by providing support and financial aid
sources of finance - 3 F's (family, friends, fools)
