it is an individual who creates an ew business and bearing most of the risk and enjoying most of the reward. it comes Entrepretende meaning to undertake

he suggests that entrepreneurs not just companies were responsible for creating new things and searching for profit

it focussed on entrepreneur as bearer of uncertainty and believe they were responsible for risks premiums in financial markets

thought of the entrepreneurship as a process that led to discovery

characteristics of entrepreneur

types of entrepreneur based on capabilities -based on their works

entrepreneur based on type of business -based on the used of technology

types of entrepreneur based on ownership based on Clarence Danhof based on Arthur H. Cole

defines as "organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimizing risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within a dynamic environment for the benefit of [an] organization."

they are eager to involve their staff in company decisions. If you choose this management style, you show your team that you trust them and respect their input. It also displays confidence in your employees’ opinions and your ability as a leader.

requires superb people skills, a big heart, and an honest desire to help your employees develop both in and outside of the workplace.

Having this leadership style does not mean you need to be rude—remember that you can give orders with a smile and a “please.”

The magic word for these managers is efficiency. You are not concerned with how things get done, as long as they get done well and in the quickest way possible

it requires two things: an extremely laid-back attitude and a great deal of confidence in your staff. If you possess these two traits, you might be well-suited for this leadership

is similar to the democratic style but differs significantly. With this style, you are not simply asking your employees to participate in a yay-or-nay vote— you are actively soliciting feedback from team members about company policies.

This management style is exactlywhat it sounds like: you lead by consistently setting an impeccable example of the kind of work standards you expect at your business

If you have this style, you are comfortable allowing assistant managers and shift leaders to oversee most everyday responsibilities. While the crew gets the mundane work done, you plan marketing campaigns and prepare for expansion.

If this is your preferred leadership style, you are looking for opportunities to affiliate yourself with your staff and lend a helpinghand wherever it is needed. Employees see you as an ally and respectthat you try to help them succeed.

If this is your management style, you are focused on developing personal relationships with your staff and building a team in your workplace.

give the 10 characteristics of Entrepreneurial leadership

THE SIX STYLES OF ENTREPRENEURIAL LEADERSHIP

4 CATEGORY OF MANAGEMENT STYLE

Every entrepreneurial venture requires funds to transform an idea into reality. Therefore, a critical risk faced by entrepreneurs is arranging funds. • This may be in the form of loans, capital arranged with the help of family and friends or an entrepreneur’s own savings.

• Each business requires a near flawless business plan. However, even a well-thought-out business plan can sometimes lead to failure. As a result, the strategy becomes ineffective. • A company that manages to adapt to a changing environment and new challenges manages to sail through difficult times, whereas others fail.

is the need of the hour, especially if an entrepreneur is working in a highly competitive industry.

When an entrepreneur plans to start their operations in a country, they have to be wary of the laws of the land. • A company has to abide by existing laws and adapt to the changing legal environment in the future as well. This is one of the significant entrepreneurial risks that an entrepreneur may face

A major risk involved in entrepreneurship is related to a company’s reputation. If a company’s reputation gets damaged, a steep decline in revenue follows. The goodwill of the company declines among customers, which further tarnishes its image. • Additionally, the company is unable to find talented employees who are reluctant to work in a place that has no reputation.

• This entrepreneurial risk arises when a company is unable to carry out routine business activities efficiently. As a result, overall productivity of an enterprise declines. • This could be due to people failure or process failure as well. External events like natural disasters can also impact the operational efficiency of a company.

To become a successful entrepreneur, it’s crucial to be aware of competitors. If there aren’t enough competitors in an industry, it may imply that the demand for the concerned product is not enough. • Moreover, entrepreneurs should be able to make prompt moves to get an innovative idea or product patented before their competitors can take advantage of it.

WHAT ARE THE 4 RISK MANAGEMENT STRATEGIES ON ENVIRONMENTAL DECISION MAKIN

FIVE STEPS TO BECOMING EFFECTIVE IN RISK MANAGEMENT TIMELINE

EIGHT STEPS TO REDUCE BUSINESS RISK AND LIABILITY

HOW DO YOU COPE WITH UNCERTAINTY AND RISK AS AN ENTREPRENEUR?

For instance, when the economy is growing and blooming, customers might get attracted to purchase luxurious goods. This leads to an increase in demand for luxury products. • On the other hand, when there’s an economic depression, the demand for such products can significantly decline, leading to a severe risk faced by entrepreneurs.

•It is a popular way for entrepreneurs to raise capital, mainly through Kickstarter.An entrepreneur creates a page for their product and a monetary goal to reach while promising certain givebacks to those who donate, such as products or experiences.

•This refers to building a company solely from your savings as an entrepreneur and the initial sales made from your business