MNE202 Tut201_2009_1_e

MNE202 Tut201_2009_1_e - 3 3 MNE202V FEEDBACK ON ASSIGNMENT...

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MNE202V/201/1/2009 UNISA 3 3 FEEDBACK ON ASSIGNMENT 01 NOTE: Question 20 is based on chapter 16, which is not part of the syllabus for this course. This question will be ignored and your assignment will be marked out of 24 marks. Question 1 The correct answer is 2. Refer to page 28 of your prescribed book. The subsistence entrepreneurs are inexperienced in business management and they need general support and training in technical and management skills to operate the business successfully. Question 2 The correct answer is 3. Refer to pages 11 to 12 of your prescribed book. Options 1, 2 and 4 do not form part of factors that fostered entrepreneurial orientation. Entrepreneurial orientation is fostered by factors such as culture, family and role models, education, work experience and personal orientation. Question 3 The correct answer is 2. Refer to page 6 of your prescribed book. Max Weber (1930) viewed entrepreneurs as innovators or pioneers who are one of the first to do something new and often open up new areas for others to follow. Examples of innovative people include Henry Ford, who pioneered mass-produced motor cars; Tim Berners Lee, who invented the Web; and the Wright Brothers, who pioneered controlled flight. Question 4 The correct answer is 3. Refer to page 12 of your prescribed book. Personal entrepreneurial orientation is based on creativity and innovation, autonomy, risk taking, proactiveness and competitive aggressiveness. Question 5 The correct answer is 2. Refer to pages 15 to 17 of your prescribed book. Entrepreneurial success factors that an entrepreneur should possess include perseverance, risk orientation, creativity and innovation, leadership, good human relations, positive attitude and commitment. Planning and knowledge of competitors are managerial success factors. Question 6 The correct answer is 3. Refer to page 8 of your prescribed book. Schumpeter, Cantillon and Say are identified as pioneering economists or researchers in the field of entrepreneurship (1700–1950).
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MNE202V/201/1/2009 UNISA 4 McClelland, Weber, Rotter and De Vries are the behaviourists who researched entrepreneurship (1960–1980). Drucker and Mintzberg are management scientists who researched
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MNE202 Tut201_2009_1_e - 3 3 MNE202V FEEDBACK ON ASSIGNMENT...

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