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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Core values
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Ethics
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Strategic management
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Power
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Detailed explanation-1: -Core values are broad statements that guide your employees, identifying right and wrong, good and bad, and how to interact with each other and with customers. Guiding principles, on the other hand, are more specific in how they guide the organization through everything it does. They are more prescriptive in nature.
Detailed explanation-2: -Fundamental business principles are statements that a company or organization adheres to in order to identify its priorities and guide future decisions. These principles may address things like organization and strategy or customer experience and satisfaction.
Detailed explanation-3: -They allow people in your organization to make good decisions on their own, by simply applying the values to new challenges that come along. Your core values will remove bottlenecks and empower individual growth across your organization.