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define entrepreneur
A entrepreneur is a risk taker who sets up a business with an aim to make profits
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what are the6 characteristics of an entrepreneur
Resilent, Creative, Self Confident, Takes Calculated Risks, Iniative, Hard Working
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Resilent
the ability of a business to withstand or recover from diffiuclt situations
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Iniative
acting without waiting to be told what to do or for someone else to start the action for you
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Calculated Risk
The risk for which an entreprenuer has estimated the success or failure
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Creative
Having original ideas
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Self confidence
Believing in your own ideas/abilities
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Hard working
willing to work long hours to make your ideas happen
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why set up a business?
profit, working independently, working from home, ethical stance, social entreprenuership
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define autocratic leadership
Take top down decisions without consulting employees - provide little infromation for reasons for the decision
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Characterstic
A personal quality which an entrepreneur possesses
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Motive
The factors which encorage an entrepreneur to set up their business and take particular decisions
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Democratic
guide rather than dictate. Consulting widely and encouraging everyone to participate in the decision making process
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Paternalistic
They consult at every level and explain their reasons but they take the final decision
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advantages of autocratic
- quick decision making process - ideal when tight control is needed
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disadvantages of autocratic
- little opportunity for workers to use iniative - workers have little respect for the leader
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+ of paternalistic
Two way communication = motivating - workers feel their social needs are being met
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- of paternalistic
dictotorial or autocratic style of leadership still
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+ of democratic
little opportunity for workers to use iniative/ share ideas
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what are the6 characteristics of an entrepreneur

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Resilent, Creative, Self Confident, Takes Calculated Risks, Iniative, Hard Working

Card 3

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Resilent

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Card 4

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Iniative

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Card 5

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Calculated Risk

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