13. Which one of the following is a risk-taking skill necessary for being entrepreneurial? OA. Being adaptable OB. Demonstrating trust in others' ideas OC. Adopting a can-do attitude OD. Learning from experiences
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- There are many attributes to a successful business among them are unique product,great customer service,talented leaderhip,right price,efficient communication select one attribute and discuss why you believe it is important to a successful business and suggest how a company may develop them.include atleast 2 links to the articleMultiple Choice: Read carefully each statement and encircle the correct answer 1. An entrepreneur does their best to satisfy customers and to deliver what is promised. What entrepreneunal competencies are being described? a. Demand for efficiency and quality c. Goal Selling b. Risk-laking d. Persistence 2. Ms. Cristy Ternate is the owner of the bus company first love travel and lours. She requires to be an effective and efficient communicator in her company. Also, in her job. It meeds a good relationship with their customers. What skill of an entrepreneur is being described? a. Decision Making c. Planner b. Discipline d. People Skills 3. Due to the pandemlc that we now experience it has an adverso allocl on pnce hike in raw material and supplies, fare hike due to the price of oil. As an entrepreneur on this change, we are affected because of a sudden change in the price of the raw materials. What kind of characteristics of an entrepreneur is being described? a. Ability to accept change…1. I talk about the need to accept some discomfort. What can lead teams or companies to prefer comfortable marketing ideas so much that they ignore the successful ones? Please explain with an illustrating situation if at all possible.
- Ambidexterity and Common Mistakes of Guide & Govern and Engage & Execute (G&E) Describe a time when you had to practice emotional or cognitive ambidexterity—when you had to absorb others’ agitation with change while exuding commitment to the path of change (emotional), or when you had to keep a steadfast commitment to the destination of change but had to adjust the path in light of new data (cognitive). What makes ambidexterity so challenging? Why is ambidexterity essential to leading yourself and others through organizational change?According to the article, "Boards Are Obstructing ESG-at Their Own Peril," all of the following are true except: O Female board members are more likely to say that material ESG issues should be part of business strategy. Board members require detailed scientifc knowledge to be effective stewards of the environment. Many current company board members lack sufficient expertise regarding ESG issues. Many corporate board members are former CEOS who ran companies before ESG issues became prominent.1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements.
- 4. Discuss Pitching Business Idea. Guide questions: a. What are the suggested order of pitching business ideas? b. What are the types of pitching business ideas? Elaborate each. c. What do you think are the relevance of pitching to startup founders? d. Why conduct pitching of business ideas? Please answer/elaborate on each guide question. Please answer within 4-6 hours. Don't give short answer.“Idea generation is the creative process of generating new methods to solve problems and improve the product’s conditions or the company itself. It is undoubtedly based on factors like idea development, group discussions, choosing the best alternative, and finally, implementing the idea in real-world scenarios. The idea doesn’t need to be practical, and it can also be a mere thought.” (Hitesh Bhasin, 2021). Analyse the above statement and explain why innovation and enterprise are both fundamental in business, and in start-up and established organisations as they operate in competitive business markets. Using your knowledge and theories researched on innovative practice and idea generation and relate it to the above statement. Discuss why innovation and enterprise are so fundamental and important in business. Explore through real business examples your ideas of the common factors that lead to innovation success or failure. (LO1).3. Due to the environment and the needs of the customers are constantly changing, anentrepreneur needs to be able to improve different areas of their business to solveemerging problems and to keep creating new value for the customers. Knowing thetypes of innovations is essential to the business. a) Briefly explain the concept of incremental innovation.b) Describe any THREE (3) benefits of incremental innovation.
- 9 YOUR LEARNING: 1. Why is your generation of ideas difficult task? How do magazines and journals help? 2.How can competitors be a source of product ideas for the company? 3.How does variety in colors help create new products? 4.Explore the concept of Do- it yourself concept? See how many products you can find are find are do it yourself.Empty speculation Prepare for potential problems as you are developing the framework. After all this. What does this suggest? different challenges to overcome as you construct the framework. So anything. What does this suggest?4:23 DOIT StalemenS are tiue 7. True or False? (a) First generation entrepreneurs are people that come up with innovative product or service ideas and then turn them into reality. (b) Business entrepreneurs deals with trading activities and not manufacturing. Only (b) is true Only (a) is true Both statements are true Both statements are false 8. During the controlling process certain steps are followed such as (a) taking corrective action, (b) investigating the reasons for discrepancies, (c) performance evaluation, and (d) establishing standards for performance. AA forms.office.com