ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -Entrepreneurs who start and run businesses by themselves do not have to manage other people. Leadership is no more than giving orders to your subordinates. Managers are usually task-oriented. Management helps businesses focus on setting and meeting efficiently and effectively so that a profit can be made.
Detailed explanation-2: -Entrepreneurship is another name for management. Entrepreneurs take calculated risks. Successful entrepreneurs accept the risk of failure. An entrepreneurial team is a group of experienced managers who share the same skills and abilities.
Detailed explanation-3: -Entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur. Was this answer helpful?