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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team members can combine creative skills with production and marketing skills right from the start
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teams work harder and are smarter than an individual
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teams can have disagreements and low cooperation which lead to a delay in work
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team members can work effectively and faster leading to more efficient work
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Detailed explanation-1: -Entrepreneurial teams Commonly cited reasons for such success are the team’s diversity in experience, diversity in ways of thinking, and the larger set of social networks that result from multiple founders.
Detailed explanation-2: -This enables entrepreneurs to learn the skills they need for success and to gain awareness of new opportunities. In turn, a well-balanced team with a variety of talents are more likely to have greater levels of social capital through their diverse backgrounds, education, and careers.
Detailed explanation-3: -Creativity and innovation helps develop new ways of improving an existing product or service to optimize the business. This also allows entrepreneurs to think outside the box and beyond the traditional solutions. Through this opportunity new, interesting, potential yet versatile idea come up.
Detailed explanation-4: -Collaboration brings about opportunities to learn, prosper and grow. It opens the window for your business to become an organization that is always learning and evolving. By creating ongoing learning opportunities and growth for both yourself and your employees, it will help your business flourish.