SESSION:2 The Entrepreneurial Journey and Pathways

Review Questions

Entrepreneurship | Leadership Development – Micro-Learning Session

Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/entrepreneurship

1. Why is interest in entrepreneurship growing among those entering or re-entering the workforce?

2. What is an entrepreneurial mindset?

3. What does the phrase “entrepreneurial venture” refer to?

4. What does the process of “cash management” entail for a business?

5. Why is the entrepreneurial process considered a fluid process rather than a rigid step-by-step guide?

6. What does the term “creative destruction” mean?

7. What is the difference between a corporate entrepreneur and an intrapreneur?

8. What are situational opportunities?

9. What does an entrepreneurial journey entail?

10. Under which circumstances might a person choose to bootstrap a venture?

11. What is an independent contractor?

12. What does the term “framework” mean in terms entrepreneurship?

13. What is an action plan? How is it different from a framework?

14. Why are action plans useful in the development or improvement of a venture?

15. What are the characteristics associated with traditional entrepreneurship?

16. What are some biases that minorities and women face in acquiring funding?

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