1-1 Characteristics of Entrepreneurship

What is Disruptive Innovation?

• A minor change in business operations

• A business innovation that dramatically changes the normal order of things

• A gradual improvement in product quality

• A routine update to existing technology

Who is an Entrepreneur?

• Someone who avoids risks and follows traditional paths

• Someone who identifies opportunities and creates solutions to problems

• Someone who only invests in established businesses

• Someone who works for a large corporation

What does Entrepreneurship involve?

• Ignoring opportunities and focusing on existing markets

• Identifying opportunities and creating a business to solve problems

• Only investing in real estate

• Following a strict corporate hierarchy

What is an Opportunity in the context of entrepreneurship?

• A guaranteed success in business

• A circumstance that presents itself as favorable to capitalize on

• A risk-free investment

• A routine business task

Which of the following is NOT a characteristic of an Entrepreneur?

• Assumes personal and financial risk

• Strives for constant improvement

• Avoids taking any risks

• Starts a business