What are the advantages of formalising employment? What conditions are necessary for employee entrepreneurship ideas to be developed?
Understand the Problem
The questions are related to the advantages of formalizing employment and the conditions for employee entrepreneurship ideas or start-ups. The first question asks what advantages formalizing employment has, while the second question concerns the conditions under which employee entrepreneurship ideas are developed. Both questions require an understanding of concepts in employment and entrepreneurship.
Answer
2) All of the above 3) The ideas are related to the company’s business as well as to the broader industry
The final answer is: 2) All of the above 3) The ideas are related to the company’s business as well as to the broader industry
Answer for screen readers
The final answer is: 2) All of the above 3) The ideas are related to the company’s business as well as to the broader industry
More Information
Formalizing employment brings operational efficiency, job security, and growth. For entrepreneurship, aligning ideas with both company and industry encourages innovation.
Tips
A common mistake is to overlook the broad impacts of formalization and not considering the industry alignment for entrepreneurship.
Sources
- Rethinking Formalization - WIEGO - wiego.org
- Enterprise Formalization - International Labour Organization - ilo.org
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