Explain the concept of entrepreneurship and its role in the business world. What qualities make a successful entrepreneur?
Explain the concept of entrepreneurship and its role in the business world. What qualities make a successful entrepreneur?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Explain the concept of entrepreneurship and its role in the business world. What qualities make a successful entrepreneur?
Expert Solution
Step 1: Define the term successful entrepreneur:
A successful entrepreneur is an existent who has achieved their business and particular pretensions through the creation, development, and operation of one or further successful gambles. It's important to note that success can be private and may vary from one entrepreneur to another, depending on their individual pretensions and values.
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