ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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conducting research on how to produce products or services
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consulting experts to get relevant information
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seeking information to clarify customer needs
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taking repeated actions to overcome obstacles
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Detailed explanation-1: -Personal competencies: creativity, determination, integrity, tenacity, emotional balance and self-criticism. Interpersonal competencies: communication, engagement/charisma, delegation, respect. Business competencies: business vision, resource management, networking, negotiating skills.
Detailed explanation-2: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-3: -This is to look for any information that is required in order to make decisions. This is for the concerned person to seek and obtain information regarding suppliers, customers, competitors and any other relevant information that enable the entrepreneur make decisions and improve knowledge on their business.
Detailed explanation-4: -Creative thinking. Creative thinkers revel in the freedom to come up with big ideas and to let those ideas percolate and bloom. Time management. Networking. Communication. 05-Apr-2019