ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following characteristics are essential when on the frontier of “uncharted waters”?I tolerance of ambiguity II flexibility III innovative IV cautious
A
all
B
I III II
C
III II
D
I IV
Explanation: 

Detailed explanation-1: -Researchers at the Harvard Business School have identified three core characteristics to look for in entrepreneurs: their personality traits, attitudes toward risk, and their goals and aspirations.

Detailed explanation-2: -Tolerance of ambiguity is associated with the ability to handle uncertainty since, to build a sustainable business, it is important to make decisions by using conflicting information from various unknown sources. Therefore, tolerance of ambiguity is a significant factor influencing entrepreneurial intentions [15].

Detailed explanation-3: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.

There is 1 question to complete.