Entrepreneurial Competencies in Business Operations
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Questions and Answers

What is the importance of setting specific goals for entrepreneurs?

  • To discourage entrepreneurs from setting goals
  • To make goals vague and unattainable
  • To decrease motivation for pursuing goals
  • To increase the chances of goal achievement (correct)
  • Which entrepreneurial competency involves having a strong desire to accomplish goals?

  • Ambition (correct)
  • Self-Efficacy
  • Adaptability and Flexibility
  • Willingness to Learn
  • Why is self-efficacy crucial for entrepreneurs?

  • To avoid taking any risks
  • To believe in their own capabilities (correct)
  • To set general and vague goals
  • To resist learning new skills
  • Which competency requires entrepreneurs to be adaptable and flexible in various situations?

    <p>Adaptability and Flexibility</p> Signup and view all the answers

    How does the need for achievement impact entrepreneurial success?

    <p>It increases the drive to accomplish goals</p> Signup and view all the answers

    Why should entrepreneurs be willing to learn according to the text?

    <p>To acquire new knowledge and skills</p> Signup and view all the answers

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