Ma, H., and J. Tan (2006), Key Components and Implications of Entrepreneurship: a 4P Framework
31 important questions on Ma, H., and J. Tan (2006), Key Components and Implications of Entrepreneurship: a 4P Framework
Where does the 4-P framework consist of?
- Pioneer
- Perspective
- Practice
- Performance
What is expected of the 4-P framework?
What is a pioneer?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
What is perspective denoting?
What is performance denoting?
What is the entrepreneurial mindset?
What is the intuitive entrepreneurial response regarding perspective?
What are the two themes of perspective?
- Purpose
- Policy
Why do entrepreneurs have to be in the entrepreneurial perspective all the time?
- To constantly refine their vision
- Sharpen their focus
- Discover their true destination
What is the entrepreneurial response of purpose?
What does the decision to exploit an opportunity involve?
What is the entrepreneurial response of policy?
What is the entrepreneurial response for pioneer?
What traits do entrepreneurs share?
- Passion
- Perseverance (vasthoudendheid)
What is the entrepreneurial response of passion?
What are true entrepreneurs?
- Hopelessly optimistic
- Amazingly reslilient
- Unwaveringly resolute (particularly when they are relatively unfamiliar with the problem and/or substantial uncertainty exist)
What is the entrepreneurial response of perseverance?
What about practice: action matters? Where is it about?
- Doing something
- Creating something
- Making things happen.
What will determine the entrepreneurial venture's performance?
How can entrepreneurial intensity be measured?
What are the two forms of practice?
- Persuasion (overtuiging)
- Pursuit
What is the entrepreneurial response of persuasion?
What about the pursuit of opportunities?
opportunities, waiting for the big break, and relying on all the different resources they can draw on to keep going.
What is the entrepreneurial response of pursuit?
What do entrepreneurs aspire?
- Their vision and shape the future
- Achieve personal impact on our society
- Secure their legacy through posterity
What is the entrepreneurial response of profit?
Why is entrepreneurship about innovation for the people and by the people?
- It is about understanding people's needs and desires, as well as their potential.
- It is about improving the quality of human life, providing people with better value and enabling them to live life to the fullest
- It is about involving and energizing people inside and outside the organization
What is the entrepreneurial response of people?
What are the relationships among the 4 Ps?
- Direct effect model
- Mediation model
- Interaction model
- Full model
What is the direct effect model
Why, when and how opportunities for the creation and service come into existence?
- PURPOSE
- PROFIT
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding