Question

Explain the following Entrepreneurial competencies:
(a) Persistence
(b) Leadership

Answer 1

Explanation of the following Entrepreneurial competencies are as follows :

(a) Persistence :  

Creating demand in the market for the product /service is one of the main requirements for the success of the business venture and this calls for great determination on the part of the entrepreneur. Roadblocks in his endeavor should not deter the entrepreneur.  

(b) Leadership :  

An entrepreneur should also have leadership qualities, so that he/she is able to guide and motivate his/ her team in times of distress. It is the will power and communication skills of a leader which oversees the success of a corporation, whenever a business faces any problem.

Hope this answer will help you.

 

Here are some more questions from this chapter :  

Differentiate between an Intrapreneur and Entrepreneur.

https://brainly.in/question/18058813

(a) ""We can appoint an employee but not an entrepreneur."" Describe difference between an employee and an entrepreneur in the light of this statement.

https://brainly.in/question/18058854

Answer 2

Explanation:

Entrepreneurship An Entrepreneur :-

Persistence:

• (a) It is the ability of an entrepreneur to continue with the course of action despite obstacles and difficulties.

• (b) He must persist with behavioural skills even when the failure is visible as a quality successful entrepreneurs are determined and persistent in their march towards excellence.