Tutorial 2

1. According to the Global Entrepreneurship Monitor (GEM) 2007 study, the majority of people in high income countries are drawn to entrepreneurship for the following reasons:

 - to take advantage of an attractive opportunity, to pursue independence and to increase their incomes

2. Starbucks is a firm that is proactive, innovative and risk taking. From this description, we can most accurately conclude that Starbucks has a high level of:

- entrepreneurial intensity

3. Jim Brill is the founder of a company named Extreme Sports Supreme. The company makes products for extreme sports enthusiasts such as BMX bikers, hang gliders, parasailers and surfers. Jim wants his company to pursue a high level of corporate entrepreneurship. To achieve that goal, Jim's firm should be:

 - proactive, innovative and risk taking

4. Google is an established firm that encourages and emphasizes entrepreneurial behavior throughout its various divisions. According to the textbook, Google practices:

 - corporate entrepreneurship

5. The three primary reasons that people become entrepreneurs and start their own firms are to:

 - be their own boss, pursue their own ideas and realize financial rewards

6. According to the textbook, the number one reason that people become entrepreneur is to:

- be their own boss

7. According to the textbook, the four characteristics of successful entrepreneurs are:

- passion for business, tenacity despite failure, product/ customer focus and execution intelligence

8. The number one characteristic shared by successful entrepreneurs is:

 - passion for the business

9. Which of the following is not one of the five common myths about entrepreneurs?

 - Entrepreneurs are moderate risk takets