-Entrepreneurs possess critical thinking skills and look at problems as challenges or puzzles that they need to solve. They know how to handle issues in any area of the business, be it finance, operations, or marketing. They listen to the plight of their employees on certain problems involving their units, and come up with strategic solutions. Entrepreneurs are able to solve problems by immersing themselves in day-to-day activities, knowing what is happening in and out of their business.

TYPES OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Problem solvers
B	Specialists
C	Communicators
D	Leaders

Explanation:

Detailed explanation-1: -Both COOs and CFOs need excellent communication and strategic planning skills to be successful at their jobs. However, a CFO focuses primarily on a company’s finances while a COO focuses on a company’s employees and general operations management.

Detailed explanation-2: -The CEO focuses on long-term strategy, oversees the overall business operations, and reports to the board of directors. On the other hand, the COO aligns daily business activities with the organization’s business model, creates policies to streamline internal processes, and reports to the chief executive officer.

Detailed explanation-3: -Develop your strategic planning skills. Strategic planning is an essential part of being a COO. Focus on communication. Set specific goals. Use data and design systems. Learn to delegate effectively. Build powerful teams. Develop leadership skills. Review your organizational structure. More items •03-Feb-2023

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INTRODUCTION TO ENTREPRENEURSHIP

TYPES OF ENTREPRENEURSHIP