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    01 Activity 2 - TheEntrepreneurialMind

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    JM Ras
    The document discusses entrepreneurship and sustainability. [1] Modern entrepreneurship involves seeking opportunities, taking risks, and having tenacity to implement ideas. [2] Entrepreneurs contribute to long-term economic growth through income, wealth, jobs, and tax revenue. [3] Small businesses implementing sustainable practices can make a difference due to the butterfly effect where small changes can have large impacts.

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    01 Activity 2 - TheEntrepreneurialMind

    Uploaded by

    JM Ras
    86 views3 pages
    The document discusses entrepreneurship and sustainability. [1] Modern entrepreneurship involves seeking opportunities, taking risks, and having tenacity to implement ideas. [2] Entrepreneurs contribute to long-term economic growth through income, wealth, jobs, and tax revenue. [3] Small businesses implementing sustainable practices can make a difference due to the butterfly effect where small changes can have large impacts.

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    Activity in The Entrepreneurial mind

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    01 Activity 2_TheEntrepreneurialMind

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    The document discusses entrepreneurship and sustainability. [1] Modern entrepreneurship involves seeking opportunities, taking risks, and having tenacity to implement ideas. [2] Entrepreneurs contribute to long-term economic growth through income, wealth, jobs, and tax revenue. [3] Small businesses implementing sustainable practices can make a difference due to the butterfly effect where small changes can have large impacts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    86 views3 pages

    01 Activity 2 - TheEntrepreneurialMind

    Uploaded by

    JM Ras
    The document discusses entrepreneurship and sustainability. [1] Modern entrepreneurship involves seeking opportunities, taking risks, and having tenacity to implement ideas. [2] Entrepreneurs contribute to long-term economic growth through income, wealth, jobs, and tax revenue. [3] Small businesses implementing sustainable practices can make a difference due to the butterfly effect where small changes can have large impacts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Mark Wilson H.

    Alvarez
    BSHM 3.1
    The Entrepreneurial Mind
    01 Activity 2

    1. Based on the discussion, what is the modern definition of entrepreneurship?

     Entrepreneurship in the modern world is the characteristics of seeking


    opportunities, taking risks beyond security, and having the tenacity to push an idea
    through to reality combine into a special perspective that permeates entrepreneurs.

    2. Give one (1) long-term effect of the entrepreneurs’ contributions to the economy.

     Entrepreneurs contribute greatly to national development. Entrepreneurs generate


    income and wealth that contribute to the growth of a nation. Entrepreneurs also
    contribute to increased employment and higher earnings contribute to better
    national income in the form of higher tax revenue and higher government spending.
    New and improved products from the entrepreneurs enable new markets to be
    developed.

    3. Entrepreneurship spectrums have similarities with each other. In your opinion, what are
    the major differences that made entrepreneurs choose their respective spectrums?

     In my own opinion, entrepreneurs choose their line of entrepreneurship spectrum in


    a way they think it is more profitable, easy to manage, in demand in the target
    community, accessibility to the resources (capital, raw materials, etc.) and target
    business stability and sustainability.

    4. Based on the outcomes of the Industrial Age, is it vital to implement sustainable


    development? Why or why not?
     Yes. To avoid overexploitation of natural resources. So future generations will also
    have the resources that they need to improve the quality of life. Imagine that our
    present generations use all-natural resources for the improvement of our lives, what
    do you think will happen to future generations? What will be their options to
    improve their quality of their daily living? By implementing sustainable
    development, it can ensure that future generations will have the enough resources
    for the development of products that can improve the quality of their lives.

    5. Would it make a difference in the environment if only small businesses were to


    implement sustainable development? Why or why not?

     I believe, yes it can make a difference.


     It is like as now balling effect or butterfly effect wherein small change can have a big
    impact, and this big impact can even have a bigger impact. Or sometimes we can
    view it as a grain of rice that when it grouped together it can be a meal for a family.

    6. Companies are now urged to implement the triple bottom line into their culture. What
    are other indicators that could be used to evaluate a company’s sustainability?

     Conformity. The first indicator for a company’s sustainability is about respecting the


    rules and the national or international standards. For example, a measurable
    indicator (KPI) can be the quantity of fines for infractions.
     Use of materials and Performance. The second KPI introduces by the Green
    Tire measures the number of resources and raw materials that are used, the amount
    of waste and the emissions that they generate. An indicator that evaluates both the
    environmental and economic part of a company for defining it as “sustainable”.
     The supply Chain and the Product Life Cycle. This indicator underlines those aspects
    that are about the company itself. For defining a company as “sustainable”, it is
    important to consider the whole product life cycle, from the choice of raw materials
    to the final disposal. For this reason, it is important to acknowledge if the suppliers
    use renewable energy sources; the amount of carbon dioxide produced by moving
    the products; if the product may be recycled or reused.

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