MNE2601 - Introduction to Entrepreneurship and Small business management Exam Bank Solution Manual
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Module
MNE2601 - Introduction to Entrepreneurship
Institution
MNE2601 - Introduction To Entrepreneurship
MNE2601 - Introduction to Entrepreneurship and Small business management Exam Bank Solution Manual
Opportunity - Answers An idea that is attractive, durable and timely and is anchored in a product or service that creates and adds value for the end user
Entrepreneurship - Answers The emergence an...
MNE2601 - Introduction to Entrepreneurship and Small business management Exam Bank Solution
Manual
Opportunity - Answers An idea that is attractive, durable and timely and is anchored in a product or
service that creates and adds value for the end user
Entrepreneurship - Answers The emergence and growth of a new business
because there is no other alternative.) - Answers - Unemployment
- Job insecurity
- Career limitations
- Not fitting in with the organisation
- Limitation of financial rewards in a conventional job
- No other alternatives
Pull factors
(An opportunity: an entrepreneur starts a
business to take advantage of an opportunity
to work for himself or herself and to make
more money.) - Answers - Independence
- Achievement
- Recognition
- Personal development
- Personal wealth
Essential skills needed for an entrepreneur - Answers - Passion for the business
- Tenacity despite failure
- Confidence
- Self-determination
- Management of risk
- Seeing changes as opportunities
- Tolerance of ambiguity
- Initiative and need for achievement
- Detail orientation and perfectionism
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