Podcast
Questions and Answers
What is the underlying principle behind entrepreneurs setting specific, measurable, attainable, realistic, and time-bound goals?
What is the underlying principle behind entrepreneurs setting specific, measurable, attainable, realistic, and time-bound goals?
- To show off their planning skills
- To increase the chances of achieving the goals (correct)
- To avoid setting any goals
- To impress stakeholders with ambitious targets
How does high self-efficacy benefit entrepreneurs according to the text?
How does high self-efficacy benefit entrepreneurs according to the text?
- By turning negative feedback into positive and using it for improvement (correct)
- By getting discouraged easily
- By ignoring all feedback received
- By avoiding feedback altogether
What distinguishes entrepreneurs who have a high need for achievement?
What distinguishes entrepreneurs who have a high need for achievement?
- They prefer taking the easy route to success
- They put in repeated efforts to accomplish their goals (correct)
- They avoid setting ambitious goals to prevent failure
- They are afraid of accomplishment
How does adaptability and flexibility contribute to an entrepreneur's success?
How does adaptability and flexibility contribute to an entrepreneur's success?
Why must entrepreneurs be willing to take risks according to the text?
Why must entrepreneurs be willing to take risks according to the text?
What is the main purpose of entrepreneurs differentiating their company's product or service?
What is the main purpose of entrepreneurs differentiating their company's product or service?
What is a key characteristic of successful entrepreneurs regarding the scale of their business?
What is a key characteristic of successful entrepreneurs regarding the scale of their business?
How do entrepreneurs typically initiate a venture according to the text?
How do entrepreneurs typically initiate a venture according to the text?
What is involved in the development of entrepreneurial autonomy based on the text?
What is involved in the development of entrepreneurial autonomy based on the text?
In SWOT analysis, which elements are considered as internal factors within a business?
In SWOT analysis, which elements are considered as internal factors within a business?
What are core competencies in entrepreneurship primarily focused on?
What are core competencies in entrepreneurship primarily focused on?
According to C.K. Prahalad and Gary Hamel, what is a key condition that a business activity must meet to be considered a core competency?
According to C.K. Prahalad and Gary Hamel, what is a key condition that a business activity must meet to be considered a core competency?
What differentiates an entrepreneur as a missionary?
What differentiates an entrepreneur as a missionary?
Why is goal-setting important for goal-oriented entrepreneurs?
Why is goal-setting important for goal-oriented entrepreneurs?
Why is marketing considered crucial for entrepreneurs?
Why is marketing considered crucial for entrepreneurs?
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