What are the characteristics of Entrepreneurship?
DSERT Class 10 Business Studies Ch. 3 Entrepreneurship
Answers
Entrepreneurship is a necessary engine of growth in an economy. The main characteristics of Entrepreneurship are:-
1. Aptitude for risk-taking – It is a necessary attribute for entrepreneurship. It means starting a venture even when there is a chance of negative consequence.
2. Creativity – There are two ways to being dramatically creative here. One is to radically improve upon an already existing product or introduce an entirely new product or service into the market.
3. Initiative - To lead
4. Independence – This is one of the most important attributes for entrepreneurship. One should be ready to go it alone and succeed or fail on one’s own initiative and efforts without relying much on others.
Answer:
- creativity
- innovation
- dynamism
- leadership
- team building
- achievement motivation
- problem solving
- goal orientation
- risk taking
- decision making
- commitment
- self confidence
Explanation:
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