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What are the desirable personal characterristec attributes lifestlye skills and traits of a prospective entrepreneur

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4y ago

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Why is there a need to assess one's personal entrepreneurial competencies in terms of characteristicsattributeslifestylesskills and traits before starting a particular business?

Assessing personal entrepreneurial competencies is crucial because it helps individuals understand their strengths and weaknesses, which can influence business success. By evaluating characteristics, attributes, lifestyles, skills, and traits, aspiring entrepreneurs can identify areas for improvement, align their business ideas with their capabilities, and make informed decisions. This self-awareness fosters better planning, risk management, and adaptability in the dynamic business environment. Ultimately, it increases the likelihood of achieving sustainable success in their ventures.


What does segments mean?

A segment or marketing segment in economics is defined as a group of people that share one of several characteristics. After fully understanding the needs and lifestyles of these segments, businesses can then decide what their target market will be.


Impact of globalisation on changing values and lifestyles?

due to globalization we are now able to connect and interact with different kind of people with different tastes, hobbies, nature etc... due to it ngo's such as sounds if silence are able to help deaf and mute children with the help of new technology.... sounds of silence is located in Mumbai, Pune and Delhi . INDIA . SOUNDS OF SILENCE .in


What is Strength and weakness of filipino entrepreneurs?

Strengths:Always sets his/her own realistic goalsSelf-reliantFocuses on positive objectivesPeriodically reviews performancesLearns from own mistakesAccepts changes and uses them when to motivate selfTakes care of himself/herself physicallySticks to scheduleIs self-motivatedIs action orientedManages backtrackingFinishes work once startedReflects on time management regularlyAssociates with other entrepreneurs; patterns, lifestyles, values and habits after successful entrepreneursWeaknesses:Sets unrealistic goalsDepends on other people for attainment of goalsFocuses on goals which call to stop or avoid doing thingsDoes not keep track of progressDoes not improve on areas where she/he failedIs afraid of changesIs unmindful of physical appearanceDepends outside forces to be motivatedkeeps on going back and forth on the same pathDoes not complete most often any given taskIs not conscious of time wastedDoes not develop the habit of working well with people


What sort of lifestyles do Nike workers in LEDCs have?

not too sure about Nike now, but in normal sweatshops, workers have to endure long working hours (ie. 16-18hours a day), low wages (less than the minimum wage), no career breaks or holidays, often abused in many ways.

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