Podcast
Questions and Answers
What is a defining characteristic of an entrepreneur?
Which type of entrepreneur is primarily focused on addressing social issues?
What is a critical aspect of environmental scanning for entrepreneurs?
Which quality is least likely to be associated with successful entrepreneurs?
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What distinguishes a techno entrepreneur from other types?
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Study Notes
Entrepreneur as Leader
- Identify a gap in the market and take the risk to organize an independent business for profit
- Intrapreneur: Uses creative skills to grow a business for a company for a secure monthly salary
Qualities of an Entrepreneur
- Risk tolerance
- Responsible
- Creative
- Determination
- Strategic
- Good leadership skills
- Passionate
Types of Entrepreneur
- Social: Wants to solve social issues, not interested in profit
- Techno: Uses technology to solve problems (e.g., Uber)
- Eco: Saves the environment, makes a profit but does not harm the environment
- Tender: Obtains tenders from the government or private businesses to provide specific services (e.g., building a road)
Environmental Scanning
- Identifies threats
- Identifies gaps in the market and opportunities
- Must know about competitors
- Allows entrepreneurs to create long-term or short-term strategies
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Description
This quiz explores the essential qualities of an entrepreneur, different types of entrepreneurs, and the concept of environmental scanning. Test your understanding of what it takes to lead a successful business and recognize opportunities in the market.
