Factors Affecting Entrpreneur
1. Organizational Qualities
For each of the following organizational qualities comment on its significance towards entrepreneurship and its influence on enterprise activities
* Ability to establish , run and successfully conclude projects
Implementing project management across the organization helps create a strategic value chain that gives companies an edge on their competitors, particularly in high-risk sectors and markets. Being able to deliver projects on time and within budget often determines the growth of a company through product or service
* Ability to adapt to a changing environment
It considers the relationship between businesses and external factors. It examines how external and internal factors can impact upon businesses, and the responses they may take. It also examines a number of themes which are important in the strategic management of businesses, for example, leadership and corporate culture.
* Ability to set goals and make plans to realize ideas
Successful companies set goals. Without them, they have no defined purpose and nothing to strive for; consequently, they stagnate and struggle for meaningful accomplishments. Goals are steppingstones to an end result. They must be present in every business plan and become a regular part of ongoing business operations. Hence planning management plays a major role
* Ability to calculate risks and facilitate implementation of plans
Some of the potential risks can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. Despite the risks implicit in doing business,– no matter the size of the business, from small to corporate giant Risk management leaders can prepare for them if they know what they are.
If and when risk becomes reality, a well-prepared business can moderate the risk's impact. Revenue losses, lost time and productivity and the negative impact on customers can all be minimized.
* Ability to generate
For each of the following organizational qualities comment on its significance towards entrepreneurship and its influence on enterprise activities
* Ability to establish , run and successfully conclude projects
Implementing project management across the organization helps create a strategic value chain that gives companies an edge on their competitors, particularly in high-risk sectors and markets. Being able to deliver projects on time and within budget often determines the growth of a company through product or service
* Ability to adapt to a changing environment
It considers the relationship between businesses and external factors. It examines how external and internal factors can impact upon businesses, and the responses they may take. It also examines a number of themes which are important in the strategic management of businesses, for example, leadership and corporate culture.
* Ability to set goals and make plans to realize ideas
Successful companies set goals. Without them, they have no defined purpose and nothing to strive for; consequently, they stagnate and struggle for meaningful accomplishments. Goals are steppingstones to an end result. They must be present in every business plan and become a regular part of ongoing business operations. Hence planning management plays a major role
* Ability to calculate risks and facilitate implementation of plans
Some of the potential risks can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. Despite the risks implicit in doing business,– no matter the size of the business, from small to corporate giant Risk management leaders can prepare for them if they know what they are.
If and when risk becomes reality, a well-prepared business can moderate the risk's impact. Revenue losses, lost time and productivity and the negative impact on customers can all be minimized.
* Ability to generate