Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
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Question
Chapter 6, Problem 1SGB
Summary Introduction
To determine:
The ranking of points 1 to 8 that list out the qualities required for running a business and then answer the questions that follow.
Introduction:
Starting and running a business successfully requires entrepreneurial skills and a great deal of enthusiasm along with good strategizing and execution skills.
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Students have asked these similar questions
discuss the objectives of an entrepreneur.
use the below points as part of discussion
1.
To gain control over one’s destiny
2. To reach full potential
3. To contribute to society and be recognised for their efforts
4. To start a new career
5. To make a profit
As would-be Entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Write your answer in the space provided.
Below are two-word clouds. Entrepreneurship and an entrepreneur. Create a definition by using the terms around Entrepreneurship and Entrepreneur.
Chapter 6 Solutions
Management
Ch. 6 - Prob. 1OTJVCCh. 6 - Prob. 2OTJVCCh. 6 - Prob. 3OTJVCCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQCh. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQCh. 6 - Prob. 7DQ
Ch. 6 - Prob. 8DQCh. 6 - Prob. 9DQCh. 6 - Prob. 10DQCh. 6 - Prob. 1EECh. 6 - Prob. 2EECh. 6 - Prob. 3EECh. 6 - Prob. 4EECh. 6 - Prob. 5EECh. 6 - Prob. 6EECh. 6 - Prob. 7EECh. 6 - Prob. 8EECh. 6 - Prob. 9EECh. 6 - Prob. 10EECh. 6 - Prob. 11EECh. 6 - Prob. 12EECh. 6 - Prob. 13EECh. 6 - Prob. 14EECh. 6 - Prob. 15EECh. 6 - Prob. 1SGBCh. 6 - Prob. 1EDCh. 6 - Prob. 2EDCh. 6 - Prob. 3EDCh. 6 - Prob. 1CFCACh. 6 - Prob. 2CFCACh. 6 - Prob. 3CFCA
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- What two reasons will you give for saying one is a successful entrepreneur?arrow_forward1. Critically evaluate aspects of entrepreneurial personality and Business Ideas from commercial solutionsarrow_forwardWhich characteristics, in your opinion, are crucial for an entrepreneur’s success?arrow_forward
- a. There is a new University built in your area. Write down six (6) opportunities you can take as an Entrepreneur to serve this University community to generate impressive wealth. b. Choose one of those opportunities you have identified in (1a) and write a business plan as an Entrepreneur for financial support from an investorarrow_forwardAssume that you are an entrepreneur Set a Goals Include precise SMART settingsarrow_forwardThe three important reasons why a person would choose to be an entrepreneur instead of an employee can be highlighted through the following points: Step 2 Sense of Accomplishment: People who are more self-driven and have a deep sense of achievement and desire for self-accomplishment are never satisfied with a mediocre life which employment brings and they rather want to speed up the process of their growth and development so they are more motivated to start something of their own which can bring them prosperity, status, power, and recognition. They don't want to have a boss: The people tend to show more inclination towards leading than to be ruled. They have leadership skills and want to do work their way. They don't do well with regulations, rules, and policies that working as an employee brings and want to rather work independently. People prefer being an entrepreneur to avoid authority and restrictions laid down on them by bosses so they would avoid being an employee. They have…arrow_forward
- Define/describe an entrepreneur and enumerate the characteristics of a successful entrepreneur and discuss how knowing them will be helpful.arrow_forwardAs would-be Entrepreneur, write down 3 career opportunities which attract you most. Indicate ehat competencies you need to enhance in order to become successful in these opportunitiesarrow_forwardYou and your best friend of 20 years have decided to start a restaurant that would only be selling locally sourced organic food. In context of the new restaurant you and your friend are planning to open, identity and elaborate all the external factors that can affect your new businessarrow_forward
- Entrepreneurs: a) are primarily motivated by the desire to help others. () b) create value for themselves at the expense of others. c) have little or no impact on others in society. d) create benefits for others while seeking profit for themselves.arrow_forward1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.arrow_forwardHow can your friends and social life, the things you do in your free time influence you to start a business?arrow_forward
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