ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The propensity to take calculated risks and to be goal-oriented identifies the entrepreneur’s
A
Functions
B
Characteristics
C
Persistence
D
Weaknesses
Explanation: 

Detailed explanation-1: -Entrepreneurs are goal-oriented They’re determined to make their business succeed and will remove any obstacles that stand in their way. They also tend to be strategic in their game plans and have a clear idea of what they want to achieve and how they plan to do it.

Detailed explanation-2: -3.1 Risk-taking propensity and Performance Economic theory suggests that risk-averse entrepreneurs might be willing to accept a lower return in exchange for less exposure to risk, while entrepreneurs highly inclined to take risk might receive compensation through higher expected profits.

Detailed explanation-3: -Getting the first-mover advantage. Learning quickly from your wins (and failures) Expanding your experimental mindset. Building skills in risk identification and management. Becoming adaptable to change. 02-Sept-2022

Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.

There is 1 question to complete.