Business entrepreneur and management
Characteristics of an entrepreneur - ANSWER-Proactive, independent, confident, have
a need for achievement, risk taker, ruthless, creative, decisive
Entrepreneur - ANSWER-Person who sees a opportunity and takes initiative
Skills of entrepreneurs - ANSWER-Human relations, time management, risk
management, decision making, reality perception, flexibility
Intrapreneur - ANSWER-Employee working within a business who shows enterprise.
They come up with new ideas to help the business they work in, without being asked to.
Advantages of intrapreneurship - ANSWER-Competitive advantage
Motivation
Increased sales
Lower costs
Encouraging intrapreneurship - ANSWER-Freedom to fail, teamwork, set up a formal
structure for intrapreneurship.
Importance of Enterprise in Business - ANSWER--Encourages intrapreneurship
-Leads to creation of wealth
-Taxes taken from employees can be used to provide grants and help more people set
up their own businesses
-essential element to setting up a business
Importance of enterprise in the community - ANSWER-Encourages enterprise, wealth
creation, creates employment, community engagement
Management - ANSWER-The process of accomplishing the goals of an organization
through the effective use of people and other resources.
CEO - ANSWER-a chief executive officer, the highest-ranking person in a company or
other institution, ultimately responsible for making managerial decisions.
Characteristics of a manager - ANSWER-decisive, initiative, good with people, hard
worker, flexible and charismatic
Characteristics of an entrepreneur - ANSWER-Proactive, independent, confident, have
a need for achievement, risk taker, ruthless, creative, decisive
Entrepreneur - ANSWER-Person who sees a opportunity and takes initiative
Skills of entrepreneurs - ANSWER-Human relations, time management, risk
management, decision making, reality perception, flexibility
Intrapreneur - ANSWER-Employee working within a business who shows enterprise.
They come up with new ideas to help the business they work in, without being asked to.
Advantages of intrapreneurship - ANSWER-Competitive advantage
Motivation
Increased sales
Lower costs
Encouraging intrapreneurship - ANSWER-Freedom to fail, teamwork, set up a formal
structure for intrapreneurship.
Importance of Enterprise in Business - ANSWER--Encourages intrapreneurship
-Leads to creation of wealth
-Taxes taken from employees can be used to provide grants and help more people set
up their own businesses
-essential element to setting up a business
Importance of enterprise in the community - ANSWER-Encourages enterprise, wealth
creation, creates employment, community engagement
Management - ANSWER-The process of accomplishing the goals of an organization
through the effective use of people and other resources.
CEO - ANSWER-a chief executive officer, the highest-ranking person in a company or
other institution, ultimately responsible for making managerial decisions.
Characteristics of a manager - ANSWER-decisive, initiative, good with people, hard
worker, flexible and charismatic
