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Topic 2 - Identifying Entrepreneural Characteristics
Topic 2 - Identifying Entrepreneural Characteristics
Team Building
Independent
CHARACTERISTICS
Flexibility
Engage in buss activities for profit
to support living & family
Businessman Low risk-taker
Follow others & invest only in
tested & proven markets
Starts venture, assume leadership &
expand venture to fulfill personal goals &
attain self accomplishment
Entrepenur
Moderate risk-taker
Takes calculated risks
Very concious of rules & taboos
Difference Amongst
Businessmen, Managers sensitive to the future & willing to
& Entrepreneurs postpone rewards
Conventional Manager powerful need for acceptance
able to identify problems in any
course of action
make detailed plans
view rules as guidelines
future concept as personal goals with low
threshold for frustration
Entrepreneurs ambivalent towards control, success &
responsibility also able to being
manipulative & exploitative of others
Impatient with discussions & theories,
prone to action & seems impulsive