Entrepreneur's Characterstics Question Answer 2022

Running head: QUESTION- ANSWERS
QUESTION- ANSWERS
Name of the Student:
Name of the University:
Author Note:

QUESTION- ANSWERS1
A.
1. False.
2. False.
3. True.
4. False.
5. True.
6. True.
7. True.
8. False.
9. True.
10. False.
B.
The reasons for the IDEO to be very creative are,
 The company is very much focused onto the interdisciplinary approaches as it is very
much human centred.
 They also aim to create imaginative minds, by implementing creative mindsets and skills,
and teach the same to others.
 They consider the cultures of an area and incorporate the profit making approaches into
it.
 They are more oriented towards solving problems and driving change through ne
ventures and they consider opinion from all in order to develop and plan for a new idea.
C.

QUESTION- ANSWERS2
1. The entrepreneur mentioned in the passage had showed a lot of characteristics of being an
entrepreneur. However, the two most important if them are,
μ First, being extremely optimistic. Upon reviewing the passage it can be understood that
Timo had been extremely optimistic when he had developed the idea of launching his
own business. He had been extremely optimistic about the industry that he had chosen.
He went for three consecutive years without any money or any salary to himself. He used
to di all kinds of jobs, during the initial years, which had even affected his family life.
Therefore, he had not only been only optimistic but extremely determined.
μ Second, he had the courage to take the risks. At the peak of his professional career, he
had quit his job which was paying him a huge amount. He was very good at his job, and
he went from a high salary to no salary and this was a huge risk for him. Also, he knew
that his family would be extremely affected by his decisions.
2. Timo’s business is a market demand. Timo saw that, many of the office goers are actually
in need of good food which they do not have to eat in a haste, and which will be healthy
to some extent. Therefore, he had come up with the option of making meal kits. He
realized that they have the minimal time for making up their meal, which will work like a
relaxation for the. In his office, he could see the demand for the same. Also, he observed
that there is very low competition in the market, so if he starts his company now, then he
would have a better opportunity to avail a good market position.
3. The approach that Timo had included is a lead entrepreneur approach, and not a team
entrepreneur approach. If the case study can be reviewed properly, then it can be seen
that Gousto is dependent more upon the innovative ideas. The idea of the market and the
products had been conceived upon an innovative approach, and determining a lack in the