BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market.
Detailed explanation-2: -Innovators create new products, services, or ways of doing things while entrepreneurs turn those ideas into viable businesses concepts. If you believe you have developed a better way of providing a service to a client, for example, then you’re innovating.
Detailed explanation-3: -True innovators are great at identifying needs and developing solutions, but they know there’s no guarantee their solution is going to be a winner. All entrepreneurs are willing to take risks, and innovators are willing to go even further and risk going where no one has gone before.