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You should read the article of
Breda McCarthy: The cult of risk taking
and social learning: a study of Irish entrepreneurs
Please,
answer the following questions in a Word-document. Be careful that you use your personal
argumentation and opinions. You might take straight citation
from the article and explain it in your own words. Don’t rewrite the article!!
Use max. one page for each
question.
One of the most important characteristics of
entrepreneurs is the attitude concerning business risks. The article talks
about Irish entrepreneurs and their ability to take or not take risk in their
business. Please, read the article and answer the following questions:
1.
The article deals with risk-taking propensity. What is meant by that? What different
risk-taking propensity do the different entrepreneurs represent? Can you name
reasons behind the different behavior/risk-taking propensity?
2.
How can you explain trait?
3.
The article explains how the
entrepreneurs’ risk-taking propensity changes while their business is evolving
through time. Why do different entrepreneurs react differently in different
phases of the business processes?
4.
What happens if a crisis arises?
Explain while different entrepreneurs react differently to crisis and changes!
5.
Reflect on your personal risk-taking propensity?
Analyze your risk taking propensity, your characteristic traits, your
anticipated behavior during a crisis.
(You will need your risk-taking propensity
analysis in the 2nd assignment when identifying risks. You have then
to argue why you would consider the target activity/happening as a risk in
opposite to a hazard. )
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