INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hentschke
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Van Zyl and Mathur-Helm
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Sashkin and Rosenbach
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Nurmi and Darling
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Detailed explanation-1: -The entrepreneurial leader takes responsibility for their actions and those actions must be more proactive than reactive. They think about achieving organizational outcomes in an innovative way and working with a diverse group of people and resources to achieve these goals.
Detailed explanation-2: -3.1. Gupta (2004) Model of Entrepreneurial Leadership is the one of the model which is widely used in literature to explore the effect of entrepreneurial leadership. Gupta et. al. (2004) defined entrepreneurial leadership as leadership which consists of two dimensional concept, scenario enactment and cast enactment.
Detailed explanation-3: -J. A. Schumpeter defines the entrepreneur as the economic agent who achieves new combinations of production factors.
Detailed explanation-4: -Develop a strategic vision. Passion and a great business idea aren’t enough to succeed in business, Israel says. Communicate with transparency. Spot and retain the best talent. Know how and when to delegate. Lead by example. Ask for advice. Develop leaders.