INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Achieve goals and serve customers
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Hire employees and fill roles
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Process payroll and compensate employees
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Enforce safety standards
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Detailed explanation-1: -The purpose of a business process is to help your company reach a specific target. If you want to accomplish things as a business, processes allow you to take repeatable, consistent steps forward. A good process meets three essential criteria: Repeatability: All processes must be designed to be repeated.
Detailed explanation-2: -Effective business processes are the backbone of your company, providing the organizational structure and support needed to hold everything together. First, business processes help you design and communicate the different facets of your business strategy so that those measures are executed in a repeatable manner.
Detailed explanation-3: -Concept-to-product. Market-to-customer. Order-to-cash, and. Demand-to-supply.