Description No reference. Avoid Plagiarism. Week 2: Interactive Learning Activity 2.1 Learning Outcomes: • Define the role of the entrepreneur in

Description

No reference.

Avoid Plagiarism.

Week 2: Interactive Learning Activity
2.1 Learning Outcomes:
• Define the role of the entrepreneur in the U.S. economy.
• Describe the entrepreneurial profile.
• Explain how entrepreneurs spot business opportunities.
• Describe the benefits of owning a small business.
• Describe the potential drawbacks of owning a small business.
• Explain the forces that are driving the growth of entrepreneurship.
• Discuss the role of diversity in small business and entrepreneurship.
• Describe the contributions small businesses make to the U.S. economy.
• Put business failure into the proper perspective.

Explain how small business owners can avoid the major pitfalls of running a business
2.2 Action Required:
• Watch the short video at the following link:

2.3 Test your Knowledge (Question):

Identify and explain the advantages and the disadvantages of small business ownership.
2.4 Instructions


Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board
3.1 Learning Outcomes:
• Explain the differences among creativity, innovation, and entrepreneurship.
• Describe why creativity and innovation are such integral parts of entrepreneurship.
• Understand how the two hemispheres of the human brain function and what role they
play in creativity.
• Explain the 10 “mental locks” that limit individual creativity.
• Understand how entrepreneurs can enhance the creativity of their employees as well as
their own creativity.
• Describe the steps in the creative process.
3.2 Action Required:

Watch the short video at the following link

3.3 Test your Knowledge (Question):

What are the barriers to creativity?
3.4 Instructions
• Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board
4.1 Learning Outcomes:
• Discuss the issues that entrepreneurs should consider when evaluating different forms of
ownership.
• Describe the advantages and disadvantages of the sole proprietorship, partnerships, and
corporations.
• Describe the features of the S corporation and the limited liability company.
• Discuss the alternative options for corporate forms, both for-profit and non-profit,
available to social entrepreneurs.
4.2 Action Required:
• Watch the short video at the following link
News) – YouTube
4.3 Test your Knowledge (Question):

Why would an entrepreneur choose a sole proprietorship? What drawbacks should be
considered?
4.4 Instructions
Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board

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