Tag: elements of success in business and qualities of a successful businessman

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Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

The distinction between an "Entrepreneur" and "small business owner" if made revolves around:

  1. Really nothing; they are truly one and the same

  2. The small business administration definitions

  3. Whether the business is an internet based one or not

  4. The risk taking or re-invention of a business VS. someone who "simply" starts a business or buys an existing one.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The primary distinction lies in the intent and approach: an entrepreneur focuses on innovation, risk-taking, and scaling a business model, whereas a small business owner typically focuses on operating a stable, existing business model.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

An intrapreneur needs to have a blend of: _______.

  1. Communication skills and intelligence

  2. Managerial skills and entrepreneurial skills

  3. Business skills and corporative skills

  4. Intrapersonal skills
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An inntrapreneur is a person who with his/her innovative ideas set a business while a manger is the person who is administered with the responsibility for running the  business. An intrapreneur needs to posses the both the skills. He like a manager has sometimes to manage the business he /she has set up

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

___ is the "inside entrepreneur".

  1. Shareholder

  2. Part time director

  3. Intrapreneur

  4. All of above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run. It is a combination of entrepreneurship and management skills.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Not every business needs an Entrepreneur, but every business needs an Intrapreneur.

  1. True

  2. False

  3. Partly true

  4. None of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run. Without the minor goals the major goals cannot be achieved. So, intrapreneur are important for a business

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Intrapreneur faces competition from -

  1. Entrepreneurs

  2. Managers

  3. Employees within the organization

  4. All the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run. It is a combination of entrepreneurship and management skills.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

_________is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is responsible for.

  1. An entrepreneur

  2. An intrapreneur

  3. An enterprise

  4. An inter manager
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run. It is a combination of entrepreneurship and management skills.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

___ have to face rivalry within the organization they work.

  1. Entrepreneurs

  2. Owner

  3. Shareholder

  4. Intrapreneurs
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run. It is a combination of entrepreneurship and management skills.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Research indicates that most successful entrepreneurs share certain personal attributes, including ___

  1. Leadership

  2. Passion

  3. Self confidence

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An entrepreneur in order to be successful should posses some personal characteristics apart from the business idea he poses or the amount of capital he has to invest.

5 important personal traits are identified that an entrepreneur needs to poses. They are:-
Passion to do something.
Motivation/ determination to excel
Creativity to think differently.
Dedication to what they do.
Risk taker

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

"What a man can be, he must be. This need we call self actualization." This said by_______.

  1. Maslow

  2. Hilaire Belloc

  3. Schumpeter

  4. Peter Drucker
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Abraham Maslow said "What a man can be, he must be.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Key characteristic(s) of Intrapreneurship: __________.

  1. It promotes the managers to be more innovative and take more responsibility while demonstrating charismatic leadership qualities.

  2. Intrapreneurship projects are funded by large business organization and agreed percentage of profits are remitted to the fund provider/head quarters of the business.

  3. Intrapreneurship will cultivate entrepreneurial skills/culture within the corporate culture where managers will be motivated to accept more risk.

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Intrapreneurship is being an entrepreneur inside or within the organization. Intrapreneurship will cultivate entrepreneurial skills/culture within the corporate culture where managers will be motivated to accept more risk.

Ir promotes the managers to be more innovative and take more responsibility while demonstrating charismatic leadership qualities and intrapreneurship projects are funded by large business houses and agreed percentage of profits are remitted to the fund provider.