BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Resource control
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Management hierarchy
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Resources commitment
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None of these
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Detailed explanation-1: -Building an entrepreneurial orientation can be valuable to organizations and individuals alike in identifying and seizing new opportunities. Entrepreneurial orientation consists of five dimensions: (1) autonomy, (2) competitive aggressiveness, (3) innovativeness, (4) proactiveness, and (5) risk taking.
Detailed explanation-2: -2.1 Dimensions of entrepreneurial orientation Miller (1983) identified three dimensions of EO, namely: innovation, risk-taking and pro-activeness.
Detailed explanation-3: -According to Morris et al. [13], entrepreneurial marketing is one of the organizational orientations that can be measured using seven key dimensions. The dimensions include: customer intensity, resource leveraging, value creation, innovativeness, proactiveness, risk taking, and oppor-tunity focus.
Detailed explanation-4: -The description can be refined by examining six dimensions of business practice: strategic orientation; commitment to opportunity; commitment of resources; control of resources; management structure and reward philosophy. We shall define these dimensions by examining a range of behaviours.