Q1: There is a japanese saying that says ” some problems have no solutions ” how might a social entrepreneur challenge this? ( innovation and entrepreneurship, second edition book )

Q2: Explain in details the concept of open systems of innovations, use practical example to support your answer? ( innovation and entrepreneurship, second edition book )

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Q3: What are the main traits of an entrepreneur and how do we assess such traits? explain at least five of the traits?

Please clearly distinguish between passive and active management and explain why active management is useless in a strong market efficiency.One more thing, under market efficiency, hedge funds are able to make profits? please provide empirical evidence.

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