Questions from General Entrepreneurship


Q: Explain how cultural differences between countries can have either a positive or

Explain how cultural differences between countries can have either a positive or negative effect on an entrepreneur who is pursuing a contract either outside the United States or with persons of diffe...

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Q: How can a small business show that it is socially responsible?

How can a small business show that it is socially responsible? Think of evidence of social responsibility (like sponsoring a Little League team) that a small business can demonstrate.

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Q: Discuss the four groups of laws that generally regulate business activity in

Discuss the four groups of laws that generally regulate business activity in this country, and give some historical background on the major laws that affect all entrepreneurs today.

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Q: Although a certain practice may be widely accepted in the business community

Although a certain practice may be widely accepted in the business community and be perfectly legal, does that necessarily mean it is always moral? Qualify your answer with examples.

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Q: Define the purpose of a code of ethics, and write a

Define the purpose of a code of ethics, and write a brief code that would be suitable for a small business.

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Q: From strictly a small business perspective (not social or emotional perspectives

From strictly a small business perspective (not social or emotional perspectives), why is diversity important?

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Q: You are an entrepreneur and wish to perform a “self-

You are an entrepreneur and wish to perform a “self-evaluation” of your business environment. How would you go about this task? Be specific about what you hope to discover through the evaluation of yo...

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Q: What is the value of competitive analysis to the small business owner

What is the value of competitive analysis to the small business owner? What sorts of things should you know about your competition, and what analytical methods can you use to find out this information...

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Q: Goal setting is a major part of the entrepreneur’s business plan.

Goal setting is a major part of the entrepreneur’s business plan. Outline specific methods for setting goals that are realistic, fit into the overall mission of the company, and can be related to the...

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Q: What does strategic planning mean to the small business owner? How

What does strategic planning mean to the small business owner? How does the size of the organization affect the strategic planning process, and how much input should be sought from outside sources whi...

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