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According to Schumpeter's view, an entrepreneur is someone who
According to Schumpeter's view, an entrepreneur is someone who
- Creates a new business in the face of risk and uncertainty
- Reforms or revolutionizes the pattern of production (correct)
- Takes calculated risks and stays ahead of the competition
- Exploits changes as an opportunity for different business or service
What is Drucker's view on innovation?
What is Drucker's view on innovation?
- Innovation is not necessary for entrepreneurs
- Innovation is a risky business
- Innovation is a specific tool of entrepreneurs (correct)
- Innovation is the key to success in any business
Which strategy did S Dhiru Bhai Ambani believe in?
Which strategy did S Dhiru Bhai Ambani believe in?
- Staying small and avoiding risks
- Not capitalizing on emerging opportunities
- Thinking big, thinking fast, thinking ahead (correct)
- Avoiding business expansion and integration
What were some challenges faced by S Dhiru Bhai Ambani?
What were some challenges faced by S Dhiru Bhai Ambani?
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What is the main purpose of an entrepreneur?
What is the main purpose of an entrepreneur?
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