Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Chapter Exercises and Projects
Chapter 1: Entrepreneurship: A Global Social Movement
Chapter Learning Objectives:
2. List the seven lesser-known truths about entrepreneurship.
4. Compare and contrast the different forms of entrepreneurship in practice today.
6. Predict different ways in which this book will help you practice entrepreneurship.
Proposed Activities
Activity 1: Franchise
(This can be done solo or as a team exercise; it can be used for online, face-to-face,
or a blended format)
There are various forms of entrepreneurship. One of the most “turn-key” forms is the
franchise. For the following exercise, please research a franchise opportunity in your
community. Please include the following information:
• The steps you would need to take to operate the franchise
• Any up-front financial investment and potential financing opportunities
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Learning Objectives:
1. Explain the importance of action and practice in entrepreneurship.
4. Compare and contrast the different forms of entrepreneurship in practice today.
Activity 2: Contemporary entrepreneur
(This can be done solo or as part of a team exercise or live discussion; it can be used
for online, face-to-face, or a blended format)
Choose an example of a contemporary entrepreneur (one not mentioned in the
chapter) and outline their trajectory from start to success. Make sure to include how
application and practice played a role in their success. Highlight any setbacks and how
the entrepreneur managed them. Was their trajectory linear? Why or why not?
Compare and contrast this entrepreneur with the truths described in Ch 1:
Truth #1: Entrepreneurship is not reserved for startups.
Truth #2: Entrepreneurs do not have a special set of personality traits.
Learning Objectives:
1. Explain the importance of action and practice in entrepreneurship.
2. List the seven lesser-known truths about entrepreneurship.
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Activity 3 Entrepreneurship Ecosystem
(solo research exercise; it can be used for online, face-to-face, or a blended format)
Please choose any two countries of your choice and compare and contrast each on the
Entrepreneurship Ecosystem (factors are listed below). You will need to conduct
research outside of your text to fully respond. Describe each of the following per the
two countries you choose. How are the countries similar? How are they different? What
country is more conducive to entrepreneurship endeavors and why?
• Financial resources: entrepreneurs must have availability to appropriate
financing such as grants and subsidies, loans, private equity, angel investors,
venture capital funds, and so on.
• Entrepreneurship Education: certain countries provide entrepreneurship courses
and training at primary and secondary levels; and at higher education such as
colleges, business schools, and other institutions.
• Research and Development (R&D) transfer: the extent to which scientists and
research will pass on their knowledge to entrepreneurs involved in innovation.
Many SMEs do not have their own R&D department so it is important they have
the opportunity to access knowledge from other resources.
• Commercial and Legal Infrastructure: entrepreneurs must be supported by a
• Physical Infrastructure: entrepreneurs must be able to easily access or purchase
at a reasonable price vital resources in the areas of communication, land, office
space, and transportation.
Instructor Resource
Neck, Entrepreneurship, 1e
SAGE Publishing, 2018
Learning Objectives:
5. Illustrate the global diversity of entrepreneurship and its impact.
Activity 4: Social Entrepreneurship
(solo exercise or team discussion)
Identify a local company that you think meets the definition of social entrepreneurship
as defined in your text: “the process of sourcing innovative solutions for particular
entrepreneurs can make both a social and economic impact?
Learning Objectives:
1. List the seven lesser-known truths about entrepreneurship.