Entrepreneurial Mind

What is intrapreneurship?

• Entrepreneurship practiced within a family business

• Pursuing innovative solutions to social problems

• Encouraging employees to explore high-risk, high-reward ideas within a large corporation

• Buying a franchise

 

What is the primary advantage of buying a franchise?

• Complete control over business operations

• Low upfront costs

• Access to an established business model and brand

• No need to pay royalties

 

Which type of entrepreneurship focuses on solving community-based problems?

• Serial Entrepreneurship

•  Intrapreneurship

• Social Entrepreneurship

• Family Business

What is a key challenge faced by social entrepreneurs?

• Balancing social and economic impact

• Access to established business models

• Lack of family support

• Resistance from management

What does the saying "Fu Pu Kuo San Tai" imply?

• The first generation builds the business, the second generation grows it, and the third generation ruins it.

• Wealth is easily passed down for three generations.

• Family businesses are not sustainable.

• Serial entrepreneurs are more successful.

Who is an example of a serial entrepreneur mentioned in the text?

• Oprah Winfrey

• Paul Buchheit

• Puregold

• Google

Which type of thinking uses information and data for decision-making, often used by large, established companies?

• Entrepreneurial Thinking

• Managerial Thinking

What is the main characteristic of entrepreneurial thinking?

• Reliance on historical data for decision-making

• Pursuit of problem-solution fits

• Use of planning tools for forecasting

• Focus on managerial roles

Which type of entrepreneurship involves purchasing an existing small business?

• Social Entrepreneurship

•  Intrapreneurship

• Buying a Franchise

• Buying a Small Business

What percentage of businesses in the Philippines are family-owned and -controlled?

• 50%

• 60%

•  70%

• 80%