Questions
Part A.
1. What are the qualities that you possess as an entrepreneurship
student? Give at least 5 qualities and explain each.
Open Minded - Being open minded means to accept suggestions
or ideas from other people in order to improve the business
Competitive - Being competitive means to give the best
products against other competitors
Determination - Being determined means you get back up
whenever bad happens to the company and being motivated to
get something done
Strong work ethic - Having a strong ethic means you can get
the best outcome of the business
Disciplined - Being discipline means you can get the work done
in no time and having plans to make the business successful
2. Among those qualities, rank them with 1 as the highest and 5 as
the weakest quality.
Open Minded (1)
Competitive (2)
Determination (4)
Strong work ethic (5)
Disciplined (3)
3. What are the benefits of studying entrepreneurship to students?
It develops their skills to starting up a business if they plan to in
the future
4. What entrepreneurial competencies do you need to have to
become a successful entrepreneur?
-Specific Goal settings
-Self-Efficacy
-Need for Achievement
-Ambition
-Willingness to Learn
-Adaptability and Flexibility
-Willingness to Take Risk
-Interpersonal Skills
5. What is the difference between a businessman and an
entrepreneur?
The key difference between businessman and and an
entrepreneur is that a businessman starts uses old business
idea and the entrepreneur has a unique business and idea to
start his company
Part B.
1. You saw your classmate who was inside the faculty room alone
using your teacher’s computer. Your teacher never allows anyone
to be in the faculty room unattended. Your classmate looked up,
saw you and knew you saw him. A few days later, it was found out
that confidential files have been lost and everyone is being
questioned. Should you reveal what you saw? Which is a better
example of integrity: being honest or being loyal to a friend?
- Be honest
2. A sales staff is having difficulty assisting a foreign customer
because he cannot speak English fluently. It was seen by the
manager. What should the manager do?
- Try to help the staff and entertain the foreign customer
3. All finance staff have a meeting with suppliers at 9:00 in the
morning. Because of an accident on the road, it causes traffic and it
is the reason why you came late. If you were the staff, what
competency of entrepreneur you should have in order to conquer
the scenario?
- Decisiveness
Part A. Explain the meaning of the following statements.
1. Entrepreneur as a missionary.
2. Entrepreneur as a marketing man.
3. Entrepreneurs are goal-driven.
4. Entrepreneurs start from small to big.
5. Organization of capital resources.
Part B.
1. Why do core competencies matter to every business and
entrepreneur?
2. How do entrepreneurs determine the core competency of their
business?
3. Why are entrepreneurial competencies considered as
entrepreneurial distinctive?
