Fundamentals of Management, 8th ed

152

Part 2: Planning

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DISCUSSION QUESTIONS

Questions for Review

1.

Describe the similarities and differences between

entrepreneurial firms and large firms in terms of

their job creation and innovation.

2.

What characteristics make an industry attractive to

entrepreneurs? Based on these characteristics, which

industries are most attractive to entrepreneurs?

3.

Describe recent trends in new business start-ups.

4.

What are the different sources of advice for entre-

preneurs? What type of information would an

entrepreneur be likely to get from each source?

What are the drawbacks or limitations for each

source?

5.

What are the basic reasons small businesses suc-

ceed and what are the basic reasons they fail?