Look at the skill sets and the characteristics, do you think the entrepreneur role and manager role are compatible?

Transcribed Image Text:

TABLE 2-3 Small Business Skills TYPE CHARACTERISTICS APPROPRIATE SITUATIONS Creativity and innovativeness Independence Risk taking Entrepreneurial Generating ideas or solutions to problems Starting new business Expanding or adding new products Being idea oriented Managerial Ability to develop strategy and goal setting Preferring to know outcomes of actions or activities Being a team player Ability to work through others Having skills in finance, marketing, personnel, operations Reaching performance objectives Maintaining control of operations TABLE 2-3 Small Business Skills TYPE CHARACTERISTICS APPROPRIATE SITUATIONS Creativity and innovativeness Independence Risk taking Entrepreneurial Generating ideas or solutions to problems Starting new business Expanding or adding new products Being idea oriented Managerial Ability to develop strategy and goal setting Preferring to know outcomes of actions or activities Being a team player Ability to work through others Having skills in finance, marketing, personnel, operations Reaching performance objectives Maintaining control of operations

Answer rating: 100% (QA)

An entrepreneur is an individual who sets up and grows a business They combine different factors of production such as land labour and capital to try and create a new profitable business venture Entre... View the full answer