Topic 1 - Characteristics of successful entrepreneurs Business studies unit 1 3.0 / 5 based on 1 rating ? Business StudiesASAll boards Created by: Stuart KightleyCreated on: 01-04-12 13:47 Enterprise and Entrepreneurs People who start businesses are called Entrepreneurs Entrepreneurs are: Innovative Risk-takers Planners Organisers The Govenment encourages Enterprise as it benifits things like: The economy Creates jobs The Government has set up organisations (e.g. Business Link) to provide: advice support The Govenment provides grants and incentives for Entrepreneurs to encourage them to set up businesses 1 of 2 Leadership Leaders: Influence employees Control employees Motivate employees Manages are not always good leaders There 4 leadership styles: Authoritarian (or autocratic) Leader makes decisions on there own Paternalistic Fatherly style - a softer autocratic system Democratic Leader encourages the work force to particiapate in decisions Laissez-faire managers rarely interfere with the running of the business 2 of 2
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