SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Successful entrepreneurs are born not made
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First ventures are always successful
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Successful entrepreneurs must have a break through invention
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An entrepreneur faces extraordinary business risks
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Detailed explanation-1: -Entrepreneurship is often associated with true uncertainty, particularly when it involves the creation of a novel good or service, for a market that did not previously exist, rather than when a venture creates an incremental improvement to an existing product or service.
Detailed explanation-2: -Thus, External Locus of control is not a characteristic of entrepreneur.
Detailed explanation-3: -The best example of entrepreneurship is the starting of a new business venture.
Detailed explanation-4: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)