Asked by
Nicole Changli
on Oct 22, 2024Verified
Entrepreneurship describes strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations.
Strategic Thinking
The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will benefit in the future.
Risk-taking Behaviour
Refers to the propensity of an individual or organization to engage in actions that have potential for significant loss or gain.
New Opportunities
Refers to emerging chances or prospects that can potentially lead to growth, development, or benefits in various contexts such as business, career, or innovation.
- Understand the definition and key characteristics of entrepreneurship.
Verified Answer
RK
Learning Objectives
- Understand the definition and key characteristics of entrepreneurship.