Podcast
Questions and Answers
The power cluster includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the ______.
The power cluster includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the ______.
community
It establishes the relationships of the entrepreneurs with the suppliers of raw materials, financial institutions, customers, competitors, the ______, employees, and all other stakeholders.
It establishes the relationships of the entrepreneurs with the suppliers of raw materials, financial institutions, customers, competitors, the ______, employees, and all other stakeholders.
government
The power cluster also defines how the entrepreneurs project themselves in the business ______.
The power cluster also defines how the entrepreneurs project themselves in the business ______.
community
The term power in this discussion does not connote autocratic control of the situation or having that bossy type of personality in entrepreneurial ______.
The term power in this discussion does not connote autocratic control of the situation or having that bossy type of personality in entrepreneurial ______.
It simply refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business ______ and influence others over to his/her line of reasoning.
It simply refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business ______ and influence others over to his/her line of reasoning.
In simple terms, the power cluster refers to the relationship and image of the entrepreneur in the ______.
In simple terms, the power cluster refers to the relationship and image of the entrepreneur in the ______.
An entrepreneur in the power cluster is a persuasive and positive ______.
An entrepreneur in the power cluster is a persuasive and positive ______.
Successful entrepreneurs are persuasive and can easily influence and win over to their side the other stakeholders in business such as customers, suppliers, and prospective ______.
Successful entrepreneurs are persuasive and can easily influence and win over to their side the other stakeholders in business such as customers, suppliers, and prospective ______.
They are able to establish good and positive networking with almost all of the players in the business ______.
They are able to establish good and positive networking with almost all of the players in the business ______.
The power cluster refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business ______.
The power cluster refers to the ability of the entrepreneur to maintain the highest degree of interrelationship in the business ______.
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Study Notes
Power Cluster in Entrepreneurship
- Defines character traits related to interpersonal relations among successful entrepreneurs.
- Establishes connections with suppliers, financial institutions, customers, competitors, employees, and other stakeholders.
- Impacts how entrepreneurs project themselves within the business ecosystem.
Nature of Power
- "Power" does not imply autocratic control or a dictatorial personality.
- Refers to the entrepreneur's ability to foster interrelationships and influence others positively.
- Emphasizes relationship-building and maintaining a favorable image in the business community.
Characteristics of Entrepreneurs in the Power Cluster
- Entrepreneurs are persuasive figures, capable of influencing various stakeholders, including customers and suppliers.
- Efficient at creating positive networking across the business spectrum, integrating with diverse players.
- Recognized for their ability to maintain robust interrelationships, enhancing overall business dynamics.
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