Relevance of Entrepreneurship to an organization

Question 1

4 Relevance of Entrepreneurship to an organization

Answer 1

1. development of managerial capabilities
2. creation of organizations
3. improving standard of living
4. means of economic development

Question 2

this means that one of the benefits an entrepreneur gets is to develop his managerial skills.

Answer 2

development of managerial capabilities

Question 3

which means that because of entrepreneurships many organizations will exist.

Answer 3

creation of organization

Question 4

this means that entrepreneurship can lift up the economic status of an individual.

Answer 4

improving standard of living

Question 5

this means that not only the life of the entrepreneur is improved but also the society where the business is located.

Answer 5

means of economic development

Question 6

The word “entrepreneur” was derived from the French verb

Answer 6

entreprendre

Question 7

means to undertake

Answer 7

entreprendre

Question 8

person

Answer 8

entrepreneur

Question 9

process

Answer 9

entrepreneurship

Question 10

outcome

Answer 10

enterprise

Question 11

are innovators, willing to take risks and generate new ideas to make it unique and profitable solutions to the present-day problems.

Answer 11

entrepreneurs