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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FALSE
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TRUE
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Either A or B
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None of the above
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Detailed explanation-1: -A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.
Detailed explanation-2: -Though the key take away from this Idea is that entrepreneurship can be learnt by anyone, it’s not something that can simply learn in a classroom. Even once key business knowledge has been acquired, the entrepreneur still has to learn how to use it in practice-something that can only be done through practice.
Detailed explanation-3: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.
Detailed explanation-4: -Risk-taking abilities. Out-of-the-box thinking and creativity. Problem-solving abilities. Taking initiative. Persistence. Persuasion and social skills. Business management skills. Critical thinking skills. More items