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

Questions Related to elements of success in business and qualities of a successful businessman

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

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

  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.

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Correct Option: D

An intrapreneur needs to have a blend of: _______.

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

  1. Communication skills and intelligence

  2. Managerial skills and entrepreneurial skills

  3. Business skills and corporative skills

  4. Intrapersonal skills

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Correct Option: B
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

___ is the "inside entrepreneur".

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

  1. Shareholder

  2. Part time director

  3. Intrapreneur

  4. All of above

Show answer
Correct Option: C
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.

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

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

  1. True

  2. False

  3. Partly true

  4. None of above

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Correct Option: A
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

Intrapreneur faces competition from -

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

  1. Entrepreneurs

  2. Managers

  3. Employees within the organization

  4. All the above

Show answer
Correct Option: C
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.

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

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

  1. An entrepreneur

  2. An intrapreneur

  3. An enterprise

  4. An inter manager

Show answer
Correct Option: B
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.

___ have to face rivalry within the organization they work.

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

  1. Entrepreneurs

  2. Owner

  3. Shareholder

  4. Intrapreneurs

Show answer
Correct Option: D
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.

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

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

  1. Leadership

  2. Passion

  3. Self confidence

  4. All of above

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Correct Option: D
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

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

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

  1. Maslow

  2. Hilaire Belloc

  3. Schumpeter

  4. Peter Drucker

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Correct Option: A
Explanation:

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

Key characteristic(s) of Intrapreneurship: __________.

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

  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

Show answer
Correct Option: D
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.