Entrepreneurship Flashcards
1
Q
What does a entrepreneur do
A
- thinks originally
- creative
- a lot of
- Believe in success
- not afraid to take opportunities
2
Q
How do you start a business
A
Some entrepreneurs focus on skills they have and build a business around it
3
Q
how to be successful
A
all entrepreneurs must have a business that is viable (which means a business that works and makes a profit)
4
Q
What is additional management tasks
A
- communication
- motivation
- delegating
- decision making
- disciplining
- co-ordination
5
Q
What is top level management
A
- long term planning
- eg managing director
6
Q
What is middle level management
A
-carries out plans and decisions made by top management
- medium term planning
eg marketing manager and production manager
7
Q
What is low level management
A
-daily performance targets are reached
-short term planning
eg general workers
