SB-2 Socratic Skill Builder Assignment INSTRUCTIONS: This is a writing assignmen

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SB-2 Socratic Skill Builder Assignment
INSTRUCTIONS: This is a writing assignment that covers the assigned materials (readings, videos, lectures, etc.) for Week 3. Download the Skill Builder #2 assignment template (the link is found below), then write your answers directly into that template (it is a WORD file). Write a minimum of 100 words for each question. Save your changes, then rename the WORD document file as follows: LASTNAME_SB2.docx (your last name followed by an underscore, then the SB2 indication). Then upload the completed assignment to Moodle. This is a TURNITIN assignment on Moodle, which means that when you submit it, you will be submitting it to TURNITIN, and thus receive an originality report indicating possible plagiarism or cheating (there have been problems in the past with students copying the work from past students, or copying from materials previously posted on the internet). You may keep uploading versions of your assignment until you are satisfied with your TURNITIN Originality Report. Remember, you may only obtain a TURNITIN Originality Report once every 24 hours; so allow yourself plenty of time to resubmit if necessary.
For Skill Builder assignments, focus on thoughts and reasoning rather than spelling and grammar. You will NOT be penalized for incorrect spelling or improper grammar or sentence structure. This is a Socratic exercise – an opportunity for you to think and express your thoughts. This assignment is a reflection of the degree to which you are engaged in the course material, and how well you learned the topics assigned this week. The emphasis of this assignment is synthesis – the connecting of dots – where you tie together in a meaningful way (1) the assigned readings and videos, (2) current business and world events, and (3) your previous knowledge and experience. There is no correct or incorrect answer, but rather YOUR answer, based on YOUR thoughts and understanding of the material/concepts. Please avoid trying to answer what others would say, or copy what someone else has thought or written. There are three fundamental mistakes students often make on these assignments: (1) simply rambling unsupported opinions or simply listing the topics assigned this week, (2) failing to apply one’s personal perspective (i.e. writing as if it were a research paper, with no personal perspective applied), and (3) failing to incorporate all the assigned materials for the week (which demonstrates that the student decided to skip some of the readings and other assigned materials).
This assignment is protected under copyright law. Do not share this assignment with outside sources, and do not post this assignment on the internet where it may become available for future students in this course. Outside assistance of any kind and copying/sharing answers is strictly prohibited and will be considered a violation of the LSUS Code of Student Conduct, MBA Honor Code, and copyright law.
Socratic Skill Builder #2 [100 points] – upload as a “.docx” file; do not include questions, only answers
(Due Sunday July 24th by 11:59pm)
Question #1 – Entrepreneurial Challenges (answer a minimum of 100 words for this ENTIRE question – not for each challenge) The theme this week deals with the creation of a new venture and managing that new business. Based on the videos, readings, and your own experience/knowledge, what are the TOP TEN biggest challenges facing an entrepreneur starting a new business (and explain why, for each issue)? List these TEN challenges in order of priority and place an importance factor on each challenge (a number 0-100, with 100 signifying an enormously important challenge). Some students argue that it depends on the type of venture, and if you believe this to be true, then select a specific type of venture, identify it, and answer the question.
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Question #2 – Challenges Managing New Venture (answer a minimum of 100 words for this ENTIRE question – not for each Challenge) Same as question #1 except regarding the MANAGING of a new venture.
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Question #3 – Unconscious Incompetence (answer a minimum of 100 words for this question) Assume the role of a business consultant who specializes in entrepreneurship, and explain how unconscious incompetence applies to entrepreneurship (be sure to address how unconscious incompetence can seriously impede entrepreneurial activity and venture survival/performance).
Question #4 – Risk Factors (answer a minimum of 100 words for this ENTIRE question – not for each risk) Based on what you know, and the material presented in the course thus far, what are the TOP TEN risks associated with starting a new business, and why? Just like in the previous questions, place in order of priority and place a degree of importance/severity on each risk factor. (Hint: some people think the biggest risk is sunk salary you could have earned, or damage to ego, or wasted time, or damaged reputation, or letting down one’s family, or being sued, or going to jail, etc, etc.)
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Question #5 – Professional Support Team (answer a minimum of 100 words for this question) Explain the importance of a professional support team for new ventures, and how would you suggest the new team (attorneys, accountants, consultants, suppliers, etc.) be formed (who do you acquire first, when, etc.)?
Question #6 – Video Favorite (answer a minimum of 100 words for this question) This week there was a large quantity of videos (and readings) assigned to explore the very essence of entrepreneurship (the word – the concept). Which of these videos most resonated with you in regard to understanding entrepreneurship (and why)?
Question #7 – Team Contribution (answer a minimum of 100 words for this question) Assess the contribution of each team member thus far in the semester. How exactly have they contributed, and how valuable have their contributions been? What needs to be done to make your team work more effectively and perform better? Compared to other team members, what is the value of your contribution to the team thus far in the semester?

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