FISH 160: FISHERIES ENTREPRENEURSHP

STUDY GUIDE QUESTIONS ON UNDERTANDING THE CONCEPTS IN

ENTREPREURSHIP IN FARMING.

Understanding entrepreneurship in farming is crucial for success. This study guide will

provide the students with questions to delve into the key aspects of this course.

Learning Objectives:

At the end of this activity, students should be able to:

1. Gain a comprehensive understanding of entrepreneurship in farming, and how it

relates to fisheries.

2. Recognize the characteristics that distinguish farmers as entrepreneurs in the

context of the fishing industry.

3. Analyze the dynamic aspects of entrepreneurship within the fishing industry, such

as innovation, risk-taking and adaptability.

Study guide questions:

1. What is the core concept of entrepreneurship in farming, and how does it apply to fisheries? Discuss
the unique entrepreneurial aspects of fisheries and their significance.

-The fundamental idea behind farming entrepreneurship, whether it be in fisheries or agriculture, is to

seek for novel opportunities in these fields with the goal of launching and running a profitable and long-
lasting business. In order to attain financial sustainability and growth, farming entrepreneurs must take
measured risks, be flexible to changing circumstances, and use their innovation and management
abilities. Applying this concept to fisheries has important consequences and special entrepreneurial
characteristics.

2. How do farmers function as entrepreneurs in the fishing industry?

-Farmers can operate as entrepreneurs in the fishing sector by incorporating entrepreneurial tactics and
principles into their fishing operations. Even while the word “farmer” is frequently used to refer to
someone who works in agriculture, the phrase can also refer to someone who runs a business that raises
fish, shellfish, and other aquatic plants. Applying commercial concepts and techniques to their
operations.

3. Explore the role of technology and innovation in modern fisheries entrepreneurship. Provide examples
of how technological advancements have transformed traditional fishing practices and created new
entrepreneurial avenues.

-In fact, technological developments have changed conventional fishing methods and created new
business opportunities in the fishing sector. Here are a few instances that demonstrate this change.
A good example is

1. GPS and navigation systems. GPS technology enables fishermen to precisely identify their
whereabouts and map their itineraries. It aids with their safe navigation to the fishing areas and back to
the port, which results in fuel savings, increased safety, and improved capture strategies.

2. Fishing gear improvements have decreased bycatch and lessened the negative effects on non-target
species by using stronger, more resilient materials, innovative net designs, and selective fishing
techniques. The ecosystem and the long-term viability of fisheries both gain from this.