INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Characteristics of entrepreneurs
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Reasons for starting businesses
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Steps in preparing a business plan
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Functions of entrepreneurs
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Detailed explanation-1: -Entrepreneurship –the entrepreneurial function-can be conceptualized as the discovery of opportunities and the subsequent creation of new economic activity, often via the creation of a new organization (Reynolds, 2005).
Detailed explanation-2: -The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.
Detailed explanation-3: -The Four Functions of Management The four functions of management include planning, organizing, leading, and controlling. Each provide the fundamentals needed in a company that is just starting or a company that has been established for many years.
Detailed explanation-4: -Initiating and leading business activities. Allocating employees’ duties. Forecasting business changes. Creating jobs. Identifying business opportunities. Creating and sharing wealth. Improving the standard of living. More items •20-Feb-2023