Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
LC Unit 2
Enterprise exercise in relation to characteristics and skills
| Question | Answer |
|---|---|
| Confident | The ability to be self-reliant |
| Leader | The ability to give direction to others |
| Flexible | The ability to adapt to change |
| Realistic | Having a vision that is attainable |
| Risk taker | Taking reasonable chances |
| Decisive | Choosing a course of action (within a reasonable time frame) |
| Communicator | The ability to pass a message effectively to others and to listen to others to decipher meaning |
| Energetic | Taking action, working long hours |
| Creative/innovative | The ability to use new ways to solve problems |
| Timing | Making decisions on time, e.g. to place an order before the end of the month in order to avail of a discount |
| Planning and goal setting | Setting realistic goals and making an effective plan to achieve those goals |
| Managing people | The skills of motivating, leading and communicating with staff |
| Decision making | Making choices which affect the future of the business, learning from experience and taking decision accordingly |
| Assessing and managing risk | Carrying out adequate research before committing to a course of action. Estimating the possible negative effects of any decision he/she makes |
| Communicating | An entrepreneur must be able to convey his/her ideas to all the stakeholders of the business |
| Idea generation/spotting a gap in the market | An entrepreneur should always be on the lookout for new ways of doing things or new market niches |
| Time management/prioritising | An entrepreneur has to rank the tasks to be achieved. The most urgent task should be placed first on the list |
| Stress management | Avoiding overwork which may cause tension and could lead to the entrepreneur making poor decisions. Making time to spend with family, participate in hobbies/leisure, etc |
| Four skills needed by enterprising people | Human relations, time management, Planning and decision making |
Created by:
ms.scahill
Popular Business sets