Handout 12-1
After Reading the Chapter 12 handout, be familiar with the terms and answer the following questions.
Terms:
Questions:
1. Read the venture profile on page 279 and answer the following question: If you were one of the employees that Mr. Seiler had to fire from his first venture, would you be willing to work for him again? Why or why not?
2. Read page 280-284 and answer the following question: Describe the steps an entrepreneur could take during the startup phase of a business that would help to avert the types of difficulties outlined in the reading of these pages.
3. Explain the product driven entrepreneurship opportunities that may exist when reading page 286.
4. Read the venture on page 289-90 and answer the following questions:
a. Why might shahani have decided to sell part of his business to Sony Entertainment?
b. Why migh Sony Entertainment have been interested in acquiring part ownership of
freshlimesoda.com?
5. Read pages 291-295 and answer the following questions:
a. What does an entrepreneur or manager need to look at in order to assess a venture’s readiness for growth?
b. Describe the types of personal harvest you hope to obtain from your personal venture.
6. Read the venture profile on page 296 and answer the following questions:
a. Shelly Tupper moved from being an intrapreneur to an entrepreneur. How did this change occur?
b. Aside from legal issues cited in the profile, what are some of the ethical issues Tupper likely considered as she made her decision?
7. Read page 297 and answer question 3 (a-d) on page 298.
8. Explain why ethical behavior for a business owner is important.
a. why is it important to have a personal code of ethics
b. Is it necessary to have a professional code of ethics if you have a above?
c. Explain why an ethical code is a higher standard of behavior than is required by law.
9. Explain several ways in which the discipline of the marketplace encourages entrepreneurs to behave in ethical ways.
10. Go to the web sites below and Comment on what the ethical values in each site have in common.
http://www.adstandards.com/en/standards/canCodeOfAdStandards.aspx
http://www.cbsc.ca/english/codes/cabethics.php
http://www.the-cma.org/regulatory/code-of-ethics
http://www.crea.ca/sites/default/files/files/realtor%20code.pdf
11. Explain why it is important for entrepreneurs to be socially responsible, and provide some examples of how you might do this.