INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
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Short-term cost orientation
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Stability
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Internal orientation
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Reactiveness
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Detailed explanation-1: -What is reactive vs proactive management? Reactive management is when leaders respond to crises and issues as they arise. Proactive management means anticipating needs and challenges so that you and your team are prepared to overcome them. It’s impossible to anticipate every circumstance.
Detailed explanation-2: -proactive management: what does each one mean? Reactive management is all about reacting to problems as they arise. Proactive management, on the other hand, is about anticipating problems and taking steps to prevent them from happening in the first place.
Detailed explanation-3: -Reactive decision making is concerned with making quick or immediate decisions based on problems that have occurred. Since reactive decision making is concerned with problems, these decisions are usually also made under pressure.
Detailed explanation-4: -Being strategically proactive ensures there is a game plan and measurement to know if you’re on track. With the correct KPIs, you can measure how well you are fulfilling the prediction. There’s a metric that we call the one number theory. It’s in the centre of measuring everything that’s going on in your business.