Answer Short Answer Questions

Total Questions (36) Deadline: Need it by Sunday 16th June or Monday 15th June 12pm Aus Sydney Time latest All questions are related to the topic Innovation and Entrepreurship e.g. QUESTION 1: Discuss different views of Entrepreneurship and their supporting Schools of Thought in Entrepreneurship. QUESTION 2: Creative problem solving is essential for developing innovation beyond just producing a new idea. Discuss attributes associated with the two approaches to creative problem solving. QUESTION 3: Scenario planning enables strategic conversation to define future ideas and issues. Debate this statement with reference to scenario planning methods and associated examples. QUESTION 4: Innovation is a tool by which entrepreneurs typically exploit change, rather than create change (Howell and Higgins, 1990). Discuss internal and external sources of innovation. QUESTION 5: Social entrepreneurship has emerged since the mid-1990s as a new form of social responsibility. Discuss stages of growth for social entrepreneurs, highlighting major differences from “commercial” entrepreneurs. What is the difference between Social Entrepreneur and Commercial Entrepreneur? QUESTION 6: Entrepreneurial marketing is often subject to very tight budgets and “stripped-down” marketing opportunity assessment processes. Outline and evaluate the effectiveness of Buskirk and Lavik’s (2004) “Stop and Go” approach for assessing marketing opportunities. QUESTION 7: Most ventures will evolve through a series of marketing stages, with changes in the marketing function and marketing strategy. Discuss the evolution of the marketing function for growing ventures using the Four-Stage Marketing approach. QUESTION 8: Discuss how Web 2.0 may support or enable innovation and entrepreneurship. QUESTION 9: Selection of appropriate software applications to support financial, customer and other critical information requirements can set up a strong foundation for entrepreneurs to better manage and develop their ventures. Define what you think should be a basic set of information requirements and software applications for a new venture. These may be online or offline. QUESTION 10: Establishing companies in foreign countries requires knowledge of different definitions and rules. Describe key differences related to starting up companies in New Zealand, Singapore, Thailand and the USA from starting up a company in Australia. QUESTION 11: Identify sources of entrepreneurial finance, and discuss the main sources used by the nominated entrepreneur in your “Mind-of-the-Entrepreneur” Paper, up to and prior to publicly floating their company, or in the case of a social venture before the maturity stage. QUESTION 12: Describe the four basic approaches to implement a strategic plan. QUESTION 13: Outline a venture’s typical life cycle, with further discussion on the stage where you think your nominated Entrepreneur on your “Mind-of-the-Entrepreneur” Paper is currently situated. QUESTION 14: Entrepreneurial leadership may be the most critical element in the management of high growth ventures (Frederick, Kuratko, and Hodgetts, 2006). Discuss the differences between strategic, visionary and managerial leadership. QUESTION 15: Due diligence is a critical requirement for buying and selling business ventures. Discuss TEN (10) key questions that cumulatively may constitute effective due diligence. QUESTION 16: Family-owned businesses represent more than 64% of start-up firms in Singapore, USA, New Zealand, Australia and the United Kingdom (Frederick, Kuratko, and Hodgetts, 2006). Discuss framework addressing advantages and disadvantages of family-controlled firms.