12 Questions
What is the purpose of SWOT analysis in business?
To analyze the internal strengths and weaknesses of a business
What is the main focus of Intrapreneurship?
Implementing new ideas within an existing organization
Which classification of entrepreneurs is based on Clarence Danhof's work?
Imitative entrepreneurs
What are some common causes of Business Risks?
Market competition
What distinguishes Managerial Roles according to Mintzberg's theory?
It involves strategic decision-making and leadership
In the context of business, what is the significance of Enterprise?
It encompasses the entire business entity and its operations
What is the main difference between authority and responsibility in management?
Authority is the power to give orders, while responsibility is the obligation to perform duties.
Why is delegation of authority important in management?
It helps in sharing power and responsibilities among employees.
What does Change Management focus on?
Adapting to changes in the external environment.
What is the ADKAR model used for in Change Management?
To understand the psychological elements of change.
What distinguishes automation from mechanization?
Automation involves automatic control systems, while mechanization focuses on manual processes.
How does automation impact people in workplaces?
It can lead to job displacement or changes in job roles.
Explore key concepts related to Business Environment such as definition, features, components, SWOT analysis, PESTLE analysis, and Porter's Five Factor Analysis. Also, delve into the world of Entrepreneurship covering topics like meaning, classification, and types of entrepreneurs.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
