ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tolerate ambiguity.
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demonstrate sincerity.
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show empathy.
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resolve conflicts.
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Detailed explanation-1: -“Tolerance of Ambiguity” (TOA) refers to the extent to which individuals are naturally comfortable with ambiguous or uncertain situations and have an ability to operate effectively in an uncertain environment by considering a range of creative solutions or options.
Detailed explanation-2: -Example: “As a salesperson, I approach ambiguity by centering my actions in my primary goal, which is to provide value to the client. Preferences and trends constantly evolve, which requires me to commit to researching new products and developing an understanding so I can communicate details to the client.
Detailed explanation-3: -Dealing with Ambiguity. Definition. Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; can comfortably handle risk and uncertainty. Key Words: Adaptable, Flexible, Comfortable with Uncertainty.
Detailed explanation-4: -CHANGE THE WAY YOU SEE UNCERTAINTY. How you perceive a situation dictates your response to it. TAKE CONTROL. DON’T REACT – RESPOND. Make Small Bets. Avoid Over-reliance on Plans. Embrace the Inevitable.