ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
They have a great picture in mind on what kind of future they want and have a great vision for their business. They already have predictions of possible outcomes.
A
Visionary
B
Goal-oriented
C
Success-oriented
D
Undivided focus
Explanation: 

Detailed explanation-1: -A vision statement is the picture you have for what the venture will become in the future: what it will grow into.

Detailed explanation-2: -The entrepreneur defines his purpose-a super goal. Defining a vision is critical for the success of a venture because the vision serves as a lighthouse to point the entrepreneurs and his or her partners on the right way, where they should go, and what will be considered a success.

Detailed explanation-3: -Having a vision provides a sense of purpose and direction for the business. Your vision will help you define your short and long-term goals, and guide the decisions you make along the way. “A leader has the vision and conviction that a dream can be achieved. He inspires the power and energy to get it done.”

Detailed explanation-4: -Describe the future you want to see. Describe WHY you are in business. Describe what success looks like for your business. Describe your place in the order of things. Describe a measurable goal.

There is 1 question to complete.