Elite Academic Institute 068 053 513 262 1185
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Educating the world for a better change
,Elite Academic Institute 068 053 513 262 1185
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore, the documents provided here including past assignments, tests
and notes are intended SOLELY for educational purposes and as a guide to help
students understand academic concepts and improve their writing skills. These
materials should not be submitted as final work, as doing so may constitute academic
dishonesty. Students are encouraged to use them as reference points, develop their
own understanding and produce original work that reflects their knowledge and critical
thinking. Students are also encouraged to regenerate their own (personalized)
solutions paying particular attention to module contents as prescribed by module
facilitators, lecturers and supervisors. If this document is plagiarized by the users and
fails, ELITE ACADEMIC INSTITUTE should not be rendered accountable since the
contents in this document only give learners a kick-start on what is expected of them
from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE ALL THE INFORMATION IN
THIS DOCUMENT IN WRITING THEIR ASSIGNMENTS
Educating the world for a better change
,Elite Academic Institute 068 053 513 262 1185
ENJOY!!!!
SECTION A
QUESTION 1
QUESTION 1 (20 Marks)
1.1. Formulate a suitable title for the proposed study. (3 marks)
An Interpretivist Exploration of Suboptimal Equilibria: Entrepreneurial Influence and
Critical Factors for Venture Sustainability
1.2. Specify the aim and significance of the proposed study. (4 marks)
The aim of a research study is a succinct statement describing the intended outcomes
or objectives. For this interpretivist and exploratory research, the central aim is to:
Explore and understand the emergence of suboptimal equilibria within entrepreneurial
contexts; to investigate how entrepreneurs apply personal characteristics to influence
these equilibria; and to identify critical factors contributing to the sustainability and
outcomes of entrepreneurial ventures.
This aim is compatible with the study’s focus on uncovering deep, context-specific
insights through qualitative inquiry (Creswell & Poth, 2018).
Significance of the Study
The significance of this study lies in its potential to make both practical and theoretical
contributions to the fields of entrepreneurship and business sustainability.
Practical Significance: The study will provide actionable insights into the dynamics of
entrepreneurial problem-solving, particularly how entrepreneurs navigate challenging
states known as suboptimal equilibria. Entrepreneurs and business support agencies
can use these findings to better anticipate venture sustainability challenges and to
build resilience mechanisms (Neck et al., 2018).
Theoretical Contribution: From a scholarly perspective, the study aims to enrich
existing theoretical frameworks by introducing nuanced understandings of how
personal entrepreneurial traits intersect with complex business dynamics. It
contributes to emerging discussions on entrepreneurial cognition, critical incident
response, and adaptive behavior under uncertainty (Shepherd, 2003).
Educating the world for a better change
, Elite Academic Institute 068 053 513 262 1185
1.3. Formulate THREE (3) research questions that the proposed study will attempt to
answer. (3 marks)
The study is guided by the following interpretivist, meaning-oriented research
questions:
How do suboptimal equilibria emerge and manifest within entrepreneurial ventures?
This question seeks to understand the origins and expression of problematic or
stagnant business conditions from the perspective of entrepreneurs.
To what extent and through what personal characteristics do entrepreneurs influence
the trajectory of these suboptimal equilibria?
This explores the specific traits (e.g., resilience, creativity, leadership) that
entrepreneurs utilize and how these influence the business outcomes.
What critical factors are perceived by entrepreneurs as most significant for the long-
term outcomes and sustainability of their ventures?
This question seeks to uncover perceived determinants of venture longevity and
growth, offering practical guidance to practitioners.
These questions align with the principles of qualitative research, being open-ended,
flexible, and aimed at exploring complex phenomena (Braun & Clarke, 2006).
References
Braun, V., & Clarke, V. 2006. Using thematic analysis in psychology. Qualitative
Research in Psychology, 3(2), 77–101.
Creswell, J. W., & Poth, C. N. 2018. Qualitative inquiry and research design: Choosing
among five approaches 4th ed. Thousand Oaks, CA: Sage.
Neck, H. M., Neck, C. P., & Murray, E. L. 2018. Entrepreneurship: The practice and
mindset. Sage Publications.
Shepherd, D. A. 2003. Learning from business failure: Propositions of grief recovery
for the self-employed. Academy of Management Review, 28(2), 318–328.
QUESTION 2
Building upon the interpretivist perspective and qualitative case study design adopted
for this exploratory study, the research methodology would proceed as follows:
Educating the world for a better change
ademic In
Ac sti
te
tu
Eli
te
he
de
W
re a
G ra eM
d u a t e s Ar
Educating the world for a better change
,Elite Academic Institute 068 053 513 262 1185
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore, the documents provided here including past assignments, tests
and notes are intended SOLELY for educational purposes and as a guide to help
students understand academic concepts and improve their writing skills. These
materials should not be submitted as final work, as doing so may constitute academic
dishonesty. Students are encouraged to use them as reference points, develop their
own understanding and produce original work that reflects their knowledge and critical
thinking. Students are also encouraged to regenerate their own (personalized)
solutions paying particular attention to module contents as prescribed by module
facilitators, lecturers and supervisors. If this document is plagiarized by the users and
fails, ELITE ACADEMIC INSTITUTE should not be rendered accountable since the
contents in this document only give learners a kick-start on what is expected of them
from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE ALL THE INFORMATION IN
THIS DOCUMENT IN WRITING THEIR ASSIGNMENTS
Educating the world for a better change
,Elite Academic Institute 068 053 513 262 1185
ENJOY!!!!
SECTION A
QUESTION 1
QUESTION 1 (20 Marks)
1.1. Formulate a suitable title for the proposed study. (3 marks)
An Interpretivist Exploration of Suboptimal Equilibria: Entrepreneurial Influence and
Critical Factors for Venture Sustainability
1.2. Specify the aim and significance of the proposed study. (4 marks)
The aim of a research study is a succinct statement describing the intended outcomes
or objectives. For this interpretivist and exploratory research, the central aim is to:
Explore and understand the emergence of suboptimal equilibria within entrepreneurial
contexts; to investigate how entrepreneurs apply personal characteristics to influence
these equilibria; and to identify critical factors contributing to the sustainability and
outcomes of entrepreneurial ventures.
This aim is compatible with the study’s focus on uncovering deep, context-specific
insights through qualitative inquiry (Creswell & Poth, 2018).
Significance of the Study
The significance of this study lies in its potential to make both practical and theoretical
contributions to the fields of entrepreneurship and business sustainability.
Practical Significance: The study will provide actionable insights into the dynamics of
entrepreneurial problem-solving, particularly how entrepreneurs navigate challenging
states known as suboptimal equilibria. Entrepreneurs and business support agencies
can use these findings to better anticipate venture sustainability challenges and to
build resilience mechanisms (Neck et al., 2018).
Theoretical Contribution: From a scholarly perspective, the study aims to enrich
existing theoretical frameworks by introducing nuanced understandings of how
personal entrepreneurial traits intersect with complex business dynamics. It
contributes to emerging discussions on entrepreneurial cognition, critical incident
response, and adaptive behavior under uncertainty (Shepherd, 2003).
Educating the world for a better change
, Elite Academic Institute 068 053 513 262 1185
1.3. Formulate THREE (3) research questions that the proposed study will attempt to
answer. (3 marks)
The study is guided by the following interpretivist, meaning-oriented research
questions:
How do suboptimal equilibria emerge and manifest within entrepreneurial ventures?
This question seeks to understand the origins and expression of problematic or
stagnant business conditions from the perspective of entrepreneurs.
To what extent and through what personal characteristics do entrepreneurs influence
the trajectory of these suboptimal equilibria?
This explores the specific traits (e.g., resilience, creativity, leadership) that
entrepreneurs utilize and how these influence the business outcomes.
What critical factors are perceived by entrepreneurs as most significant for the long-
term outcomes and sustainability of their ventures?
This question seeks to uncover perceived determinants of venture longevity and
growth, offering practical guidance to practitioners.
These questions align with the principles of qualitative research, being open-ended,
flexible, and aimed at exploring complex phenomena (Braun & Clarke, 2006).
References
Braun, V., & Clarke, V. 2006. Using thematic analysis in psychology. Qualitative
Research in Psychology, 3(2), 77–101.
Creswell, J. W., & Poth, C. N. 2018. Qualitative inquiry and research design: Choosing
among five approaches 4th ed. Thousand Oaks, CA: Sage.
Neck, H. M., Neck, C. P., & Murray, E. L. 2018. Entrepreneurship: The practice and
mindset. Sage Publications.
Shepherd, D. A. 2003. Learning from business failure: Propositions of grief recovery
for the self-employed. Academy of Management Review, 28(2), 318–328.
QUESTION 2
Building upon the interpretivist perspective and qualitative case study design adopted
for this exploratory study, the research methodology would proceed as follows:
Educating the world for a better change
