INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
As staff intentionally compartmentalize their jobs in an effort to defend their respective roles, there is little opportunity for working together in a co-ordinated, planned fashion.
|
|
Short-term cost orientation
|
|
|
Stability
|
|
|
Internal orientation
|
|
|
Compartmentalisation
|
Explanation:
Detailed explanation-1: -Major factors in a firm’s success include having adequate capital; being large enough to have employees; the owner’s education level, business skills, and experience; and the owner’s motivation. What does it take to be a successful entrepreneur?
Detailed explanation-2: -Start-ups face a liability of smallness and a liability of newness, thus they engage in relationships with a variety of partners to overcome these constraints.
Detailed explanation-3: -An opportunity is a thought or concept that comes from creative thinking. False. Analyzing past experiences and jobs is a good way to come up with a business idea.
There is 1 question to complete.