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Achieving Success Through Determination and Courage
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Achieving Success Through Determination and Courage

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Questions and Answers

What is the primary focus of an entrepreneurial organisation?

  • Maximizing profits
  • Providing value to the consumer (correct)
  • Reducing operational costs
  • Increasing market share
  • How does Abraham Maslow describe an entrepreneur?

  • A risk-averse planner
  • A market researcher
  • A 'here-now' creator, an improviser (correct)
  • A profit-driven manager
  • What is the mindset of an entrepreneur towards obstacles?

  • They view obstacles as opportunities for growth
  • They will not talk of obstacles but challenges (correct)
  • They view obstacles as insurmountable challenges
  • They talk about obstacles and let them discourage them
  • What is the key characteristic of an entrepreneur according to the UNDP definition?

    <p>Identifying an innovation to seize an opportunity</p> Signup and view all the answers

    What is the primary goal of an entrepreneurial leader?

    <p>To provide value to the customer</p> Signup and view all the answers

    How does an entrepreneur approach failure?

    <p>They are aware of the possibility of failure but do not let it preoccupy them</p> Signup and view all the answers

    What is the recommended approach to dealing with fear according to the text?

    <p>Balancing the wisdom of Chu Chin-Ning and the realism of Mark Twain</p> Signup and view all the answers

    What is the role of fear in the pursuit of success, according to the text?

    <p>It is a natural emotion that guides the ambitious</p> Signup and view all the answers

    What is essential to achieve success in any aspect of life?

    <p>Showing full determination and staying power</p> Signup and view all the answers

    What is the consequence of lacking patience in one's plans?

    <p>It disrupts even the best plan</p> Signup and view all the answers

    What is the key to achieving victory over an opponent, according to Chu Chin-Ning?

    <p>Psychological dominance</p> Signup and view all the answers

    What is required to overcome trials and temptations along the way to achieving one's goals?

    <p>Being patient and perseverant</p> Signup and view all the answers

    What is the relationship between innovation and change, according to Esiomo?

    <p>Innovation has to do with changes leading to improvement</p> Signup and view all the answers

    What is the result of mastering fear, according to the text?

    <p>Success in overcoming obstacles</p> Signup and view all the answers

    What is the ultimate objective of showing determination and staying power in one's pursuits?

    <p>To reach the point of victory and achieve happiness and fulfillment</p> Signup and view all the answers

    What is necessary to make progress towards one's goals?

    <p>Making an effort to think, work hard, and take action</p> Signup and view all the answers

    What is the key to achieving success, despite the potential consequences of failure?

    <p>Showing courage and being spurred by the potential gains of success</p> Signup and view all the answers

    What is the result of staying committed to one's ambition and overcoming obstacles?

    <p>Happiness, joy, fame, self-satisfaction, glory, and honour</p> Signup and view all the answers

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