BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizational decisions.
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Personal decisions.
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Routine decisions.
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Strategic decisions
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Detailed explanation-1: -Decision taken by entrepreneur on behalf of his enterprise is mainly known as organizational decision. Entities all over the organizations use the information they gather to make a wide variety of decisions. These decisions may touch the lives of others and change the course of an organization.
Detailed explanation-2: -They may choose revenue as their key performance indicator or use something more specific, like securing a particular client. Deciding on the direction of a business plan is one of the most fundamental decisions that an entrepreneur can make.
Detailed explanation-3: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-4: -The role of entrepreneurs To produce goods or provide services, businesses need to organise resources and make decisions about how much risk they are willing to take. An entrepreneur will do this by making decisions about what to produce or provide using the resources available to them.
Detailed explanation-5: -87% of entrepreneurs have the power to make their own decisions | Hand in Hand International.