ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Levi’s company acquired new machinery for their operations which resulted to excess manpower in the job. Levi fears that he might be forced to resign from his current position. He left his job to open his own firm. What entrepreneurial motivation does Levi have?
A
Desire to be one’s own boss
B
Desire for financial rewards
C
Desire to create one’s own job security
D
Desire to improve one’s quality of life
Explanation: 

Detailed explanation-1: -➢ Desire to influence and dominate others through use of authority. relationship with others. People possess the above needs in varying degrees and these needs may be simultaneously acting on an individual. In case of entrepreneurs the need for achievement is more dominating.

Detailed explanation-2: -Entrepreneurial Motivating Factors Desire to do something new. Become independent. Achieve what one wants to have in life. Be recognized for one’s contribution.

Detailed explanation-3: -Which could provide an individual with the motivation to start a new business venture? The financial rewards. A desire to be independent. All the above.

Detailed explanation-4: -An example of an entrepreneur who pioneered the success of this strategy many years ago was Yvon Chouinard, when he founded Patagonia. His team has won big by putting their “purpose” of saving the environment first, and doing everything else right for profits.

There is 1 question to complete.
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