Asked by Margot Rochester on Jun 28, 2024
Verified
___ describes strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations.
A) Strategic planning.
B) Angel investing.
C) Entrepreneurship.
D) Management development.
E) Extrapreneurship.
Entrepreneurship
The process of designing, launching, and running a new business, typically starting as a small business, such as a startup.
Strategic Thinking
The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will create a viable future for an organization.
- Become familiar with the impact of creativity, initiative, and strategic risk-taking on entrepreneurial success.
Verified Answer
MB
Megga BbeautyyJul 05, 2024
Final Answer :
C
Explanation :
Entrepreneurship refers to the process of identifying and pursuing new business opportunities through strategic thinking and risk-taking behavior. This involves creating and developing a new product, service, or business model that meets an unmet need in the market. With entrepreneurship, individuals or organizations can create value, generate wealth, and drive economic growth.
Learning Objectives
- Become familiar with the impact of creativity, initiative, and strategic risk-taking on entrepreneurial success.