RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

Question 1

Development of Managerial Capabilities

Answer 1

entrepreneur gets to develop his
managerial skills

Question 2

Creation of Organizations

Answer 2

many organizations will exist

Question 3

Improving Standard of Living

Answer 3

can lift up the economic status of an
individual.

Question 4

Means of Economic Development

Answer 4

improved the society where the business is
located.

Question 5

I N N O V A T I V E

Answer 5

ABILITY TO DEMONSTRATE SUPPORT FOR INNOVATION.

Question 6

G O O D A N A L Y T I C A L
S K I L L S

Answer 6

ABILITY TO THINK NEW IDEAS, NEW WAYS TO SOLVE PROBLEMS.

Question 7

G O O D C O M M U N I C A T I O N S K I L L S

Answer 7

ABILITY TO EXPRESS ONESELF
CLEARLY IN CONVERSATION AND INTERACTIONS WITH OTHERS.

Question 8

S T R O N G
I N I T I A T I V E

Answer 8

ABILITY TO IDENTIFY WHAT NEEDS TO BE DONE AND DOING IT BEFORE BEING ASKED.

Question 9

F L E X I B L E

Answer 9

OPENNESS TO DIFFERENT AND NEW WAYS OF DOING THINGS.

Question 10

E F F E C I E N T

Answer 10

ABILITY TO AVOID WASTING
MATERIALS, ENERGY, EFFORTS,
MONEY, AND TIME IN DOING
SOMETHING.

Question 11

C R E D I B L E

Answer 11

DEMONSTRATES INTEGRITY,
RESPONSIBILITY, AND
TRUSTWORTHINESS.

Question 12

D E T E R M I N E D

Answer 12

ABILITY TO OVER COME OBSTAC LES AND DO WHAT IS IMPORTANT .

Question 13

C O N F I D E N T

Answer 13

DEMONSTRATES FAITH IN ONE’S OWN IDEAS AND CAPABILITY TO BE SUCCESSFUL;WILLINGNESS TO TAKE AN INDEPENDENT POSITION IN THE FACE OF OPPOSITION.

Question 14

R I S K T A K E R

Answer 14

ABILITY TO ESTIMATE OR CALCULATE RISK TO BE WORTH TAKING AND BE WILLING TO ASSUME UNCERTAINTIES.

Question 15

G O O D L E A D E R S H I P
A N D T E A M B U I L D I N G
S K I L L S

Answer 15

ABILITY TO DELEGATE RESPONSIBILITY, WORK WITH OTHERS, AND COACH THEM TO DEVELOP THEIR CAPABILITIES.

Question 16

G O O D
I N T E R P E R S O N A L A N D
M O T I V A T I O N S K I L L

Answer 16

ABILITY TO MAKE OTHER PEOPLE ENTHUSIASTIC ABOUT DOING SOMETHING.

Question 17

P E R S U A S I V E

Answer 17

ABILITY TO NEGOTIATE OR PERSUADE CUSTOMERS, EMPLOYEES, POTENTIAL LENDERS, BANKS, PARTNERS, SUPPLIERS TO COOPERATE.