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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Entrepreneur
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Entrepreneurship
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Personal Entrepreneurial Competencies
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None of the above
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Detailed explanation-1: -What is an entrepreneur? According to the Oxford Dictionary, an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks to do so.” An entrepreneur can focus more on independence and innovation than a small business owner.
Detailed explanation-2: -Entrepreneurs are those persons (business owners) who seek to generate value, through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets.
Detailed explanation-3: -Organiser: In a large scale production organisers are only entrusted with the task of organisation of all factors of production and management of the firm. Organisers do not undertake the risks and uncertainties In a joint stock company board of directors are the organisers.