ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It is the ability to come up with something different or unique to every time. This trait is often related to creativity or “thinking-out-of-the-box” in any given situation to look for opportunity for business.
A
Drive to Achieve
B
Feedback Seeking
C
Self-Confidence
D
Innovativeness
Explanation: 

Detailed explanation-1: -While creativity is the ability to produce new and unique ideas, innovation is the implementation of that creativity – that’s the introduction of a new idea, solution, process, or product.

Detailed explanation-2: -Entrepreneurial creativity is the ability to develop new ideas and solutions to problems. It is the ability to see into the future and generate ideas, solutions and innovations before they are needed. It is the ability to solve your customer’s or client’s problems before they even realize the problem exists.

Detailed explanation-3: -Creativity in the workplace is an ability individuals possess that allows them to develop new and imaginative ideas regarding processes, products or materials. Businesses can use creativity in the workplace to create innovative solutions or more positive and collaborative work environments.

Detailed explanation-4: -Creativity concerns the creation of novelty and value. Entrepreneurship is concerned with novelty in business, new business ideas and the reality of achieving positive returns in market and in existing and new business models.

There is 1 question to complete.