1.C The Characteristics Of Successful Business Managers And Business Entrepreneurs Flashcards
1
Q
Define an entrepreneur.
A
A person who is willing to seize opportunities to start and operate a business and is prepared to take risks in the hope of making a profit.
2
Q
Identify the characteristics of an entrepreneur.
A
- A shared vision
- Initiative
- Innovation and enterprise
- The willingness to take risks (personal and financial)
3
Q
Identify the characteristics of a business manager/owner.
A
- Make calculated decisions
- Minimise risk
- Problem solve
- Organise
- Delegate
- Communicate
4
Q
Define a business manager/owner.
A
A business manager owns and runs a business on a day-today basis, ensuring that it makes a profit.
