ENTREPRENEURSHIP

Detailed explanation-1: -As an entrepreneur, you’ll have to make decisions that will have a significant impact on your business. From deciding which products to sell, to negotiating deals, to deciding when to invest in new technology, a lot of the success of a business depends on the decisions the entrepreneur makes.

Detailed explanation-2: -Need for autonomy definition The need to make their own decisions and do what they want is very strong. Successful entrepreneurs have a desire to be autonomous.

Detailed explanation-3: -An entrepreneur is his own boss, so he is independent to take decisions. As opposed to intrapreneur, who works for the organisation, he cannot take independent decisions. This is one of the salient features of an entrepreneur; he is capable of bearing risks and uncertainties of the business.

Detailed explanation-4: -Successful entrepreneurs must be independent thinkers to start and grow a company from scratch against all odds.