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Questions and Answers
According to the economist's point of view, an entrepreneur is someone who
According to the economist's point of view, an entrepreneur is someone who
- is driven by certain forces
- relies on manual systems
- identifies opportunities and plans
- introduces changes and innovations (correct)
From the management perspective, an entrepreneur is someone who
From the management perspective, an entrepreneur is someone who
- identifies opportunities and plans (correct)
- is driven by certain forces
- introduces changes and innovations
- relies on manual systems
Which of the following is NOT a dimension considered for an entrepreneur?
Which of the following is NOT a dimension considered for an entrepreneur?
- Reliance on manual systems (correct)
- Gender
- Educational Attainment
- Age
In the past, entrepreneurs were characterized by
In the past, entrepreneurs were characterized by
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Today, entrepreneurs focus on
Today, entrepreneurs focus on
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Study Notes
Entrepreneurial Definitions
- An entrepreneur is often perceived as an innovator or risk-taker, responsible for bringing new ideas or products to the market.
- From a management viewpoint, an entrepreneur is regarded as a strategic planner, responsible for navigating business operations and leading teams.
Entrepreneurial Dimensions
- Key dimensions to evaluate an entrepreneur typically include innovation, risk tolerance, and strategic planning.
- Dimensions NOT considered for entrepreneurs may include personal hobbies or unrelated interests.
Historical vs. Contemporary Entrepreneurs
- Historically, entrepreneurs were characterized by their emphasis on trade and business acumen, focusing on manual skills and artisanal practices.
- Modern entrepreneurs prioritize technology integration, market trends, and sustainability, adapting to rapidly changing consumer demands and global challenges.
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