ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ are the wheel of the company. If not documented, you will constantly be reinventing.
A
Customers
B
Employees
C
Owners
D
Processes
Explanation: 

Detailed explanation-1: -to waste time learning how to do something when it is already known how to do it: We don’t need to reinvent the wheel, we just need to hire someone who already knows how to make the system work.

Detailed explanation-2: -In software development, reinventing the wheel is often necessary in order to work around software licensing incompatibilities or around technical limitations present in parts or modules provided by third parties.

Detailed explanation-3: -The metaphor “don’t reinvent the wheel” is commonly used to save us both time and redundant efforts. There’s no need to put energy into reinventing something that already exists and works well: that problem has been solved in the past, let us now focus our attention on more necessary topics.

There is 1 question to complete.