INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Entrepreneurs are constantly looking for new ways to solve problems. An entrepreneur is accountable for his/her actions and does what is required. Entrepreneurs are curious about things and not afraid to ask questions. Entrepreneurs develop a plan of action and must make decisions to help achieve that plan.
Detailed explanation-2: -Entrepreneurs are problem solvers who offer solutions using creativity or innovative ventures that exploit opportunities. This chapter focuses on different approaches to problem solving and need recognition that help potential entrepreneurs come up with ideas and refine those ideas.
Detailed explanation-3: -“Entrepreneurship is a pursuit of a solution, a single relentless focus on solving a problem or doing something drastically different from the way it is done today. [ It’s] aiming to do something better than it’s ever been done before and constantly chasing improvement.” –
Detailed explanation-4: -"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”–Peter Drucker.