17 Questions
What is the CORE TRAIT that successful entrepreneurs possess to be a source of inspiration for their employees?
Leaders
Which of the following is NOT a key competency for entrepreneurs according to the passage?
Analytical
What does the passage state entrepreneurs must be in order to effectively share ideas and address concerns with customers and employees?
Communicators
According to the passage, what is the key trait that allows entrepreneurs to assess the net cause and effect of an opportunity and decide intelligently if a venture should be considered?
Having a sharp eye for opportunities
What does the passage state is the core purpose of an organization's business plan?
Mission
What is the main characteristic of an entrepreneur who is customer-oriented?
Bold and ambitious
How does an entrepreneur create a proactive approach in their venture?
By being an innovator
What do employees play a significant role in, according to the text?
Implementing the entrepreneur's ideas
What does having leadership skills in entrepreneurship enable an entrepreneur to do?
Enjoy seeing their team flourish with minimal supervision
How is risk defined in the context of entrepreneurship?
A possibility of loss or injury
What is the primary role of an entrepreneur as an agent of change in society?
Create new ideas and solutions to improve lives
Which of the following best describes the proactive approach of entrepreneurs?
Actively seeking out new ideas and creating opportunities
Which of the following is NOT a characteristic of entrepreneurs as agents of change?
Maintaining traditional business models
What is a key aspect of risk-taking in entrepreneurship?
Willingness to take calculated risks for potential rewards
Which of the following is NOT a leadership skill commonly associated with successful entrepreneurs?
Micromanaging and controlling every aspect
What is the first step in the 4-step process of thinking for entrepreneurs?
Idealization
What is the primary difference between a businessman and an entrepreneur?
Businessmen follow traditional approaches, while entrepreneurs innovate
Test your knowledge on core traits and competencies in entrepreneurship, including risk-taking, opportunity assessment, innovation, and leadership qualities. Explore how successful entrepreneurs navigate challenges and make strategic decisions in the business world.
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