Entrepreneurial Core Competencies Quiz
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is NOT a category of intrinsic motivation for entrepreneurs?

  • Affiliation motive
  • Power motive
  • Achievement motive
  • Reward motive (correct)

    • What is the primary characteristic of an entrepreneur that allows them to grow their business and satisfy customers?

  • Passion and constant motivation to achieve their targets
  • Relentless curiosity that drives them to explore novel concepts
  • Proactive in mitigating potential risks
  • Innovative approach to developing new market offerings (correct)

    • What is the key characteristic of an entrepreneur that allows them to be proactive in mitigating potential risks?

  • Relentless curiosity that drives them to explore novel concepts
  • Passion and constant motivation to achieve their targets
  • Innovative approach to developing new market offerings
  • Awareness of the potential risks of starting a business (correct)

    • What is the key difference between extrinsic and intrinsic motivation for entrepreneurs?

    <p>Extrinsic motivation fades away when the reward is absent or not at par with their interest, while intrinsic motivation is about the entrepreneur's passion for the business.</p> Signup and view all the answers

    According to the passage, what drives entrepreneurial behavior and motivation?

    <p>A purpose to achieve specific objectives and revolutionize outdated methods</p> Signup and view all the answers

    Which of the following is NOT a core competency for entrepreneurs according to the text?

    <p>Rigid adherence to hierarchical structures</p> Signup and view all the answers

    Why is adaptability important for entrepreneurs?

    <p>To effectively manage all aspects of the business</p> Signup and view all the answers

    Which of the following statements best describes the importance of communication skills for entrepreneurs, according to the text?

    <p>Communication skills are vital in various business areas, such as closing sales, boosting employee morale, resolving conflicts, and negotiating contracts.</p> Signup and view all the answers

    Which of the following best describes the role of leadership for entrepreneurs, according to the text?

    <p>Entrepreneurs should display their passion, vision, and mission for the business in every interaction.</p> Signup and view all the answers

    How should entrepreneurs approach collaboration with stakeholders?

    <p>Entrepreneurs should connect with stakeholders as equals and value their contributions.</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser