ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Networkers
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Proactive
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Risk takers
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Agents of change
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Detailed explanation-1: -They see opportunities in hopeless and complex situations. Entrepreneurs will not be successful if they do not take risks. By taking risk, entrepreneurs do not just grab opportunities left and right. Entrepreneurs have a talent for recognizing an opportunity even by using the macro level data only.
Detailed explanation-2: -Adoptive or Imitative Entrepreneur: There is a second group of entrepreneurs generally referred as imitative entrepreneurs. The imitative entrepreneurs copy or adopt suitable innovations made by the innovative entrepreneurs. They does not innovate the changes himself. They only imitates technology innovated by others.
Detailed explanation-3: -According to Joseph A. Schumpeter, the effective function of an entrepreneur is to start innovation in venture. This theory is also called innovation theory or dynamic theory.
Detailed explanation-4: -The fourth level is all about entrepreneurs who are investing and managing their money to produce more money and to elevate the business. Franchising is one of the key tools of those who are in this level of entrepreneurial mindset.