What is the best explanation of entrepreneurship?Why is it that job opportunities are difficult to someFilipinos?Explain the meaning of "Emotional stability is an importantfactor in the making of an entrepreneur."What do you mean by "The entrepreneur is flexible andadapts to change."Explain the meaning of the statement, "The entrepreneurdevelops feedback mechanism for results."What are the tasks and challenges of a store manager?What are the tasks and challenges of a financial manager?What are the tasks and challenges of a marketing manager?What are the tasks and challenges of a sales manager?What are the tasks and challenges of a production manager?What is a business plan?What is your overview on SWOT analysis?Enumerate the 5 Components of Competitive Analysis.What is channel of product distribution all about?Give example on how you are going to distribute yourproduct.In SWOT analysis, what are some ways on evaluating theproduct?Enumerate the factors to consider if you are new in thebusiness.How to determine the marketing strategy?How you are going to determine your business competitors?What are the factors to consider in selecting or looking forlocation?What are the challenges for entrepreneurship?

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Answered: What is the best explanation of…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter6: Managing Start-Ups And New Ventures

Section: Chapter Questions

Problem 1SGB

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Hi, could you help me answer a question, it would help me with my understanding of the subject. The question is the following “Motivation and decision-making approaches of entrepreneurs play a critical role in their entrepreneurial journey. Discuss how motivation and decision-making approaches may change on the basis of the context, time, and personal characteristics of entrepreneurs.”. Would you be able to answer this question in about 1000 words, please? Thanks in advance
The 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…
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What is the best explanation of entrepreneurship? Why is it that job opportunities are difficult to some Filipinos? Explain the meaning of "Emotional stability is an important factor in the making of an entrepreneur."