Characters of a successful Entrepreneurs 0.0 / 5 ? Business StudiesOperations managementASEdexcel Created by: Sarah HughesCreated on: 17-12-13 19:40 someone who has a flair for business ideas, and has the confidence to take risks involved to set up a business. Entrepreneur 1 of 13 Having to work long hours and do more than one job. Hard working 2 of 13 being prepared to start something Initiative 3 of 13 You may need to do something completely different to your competitors in order to stand out. Taking Calculated Risks 4 of 13 Inventing a new product or taking an existing product and improve it Creative 5 of 13 Believe in your idea Self confidence 6 of 13 Encourage staff to participate and they make a decision based upon all views. Democratic 7 of 13 Act like a 'Father Figure'. They make it clear who is in charge and the make the final decision. Paternalistic 8 of 13 They tell people what to, They make all the decisions and they expect workers to do as they are told. Autocratic 9 of 13 They see no point in getting involved in what the staff are doing and they think the staff know their job. Laissez-Fair 10 of 13 The views that managers have on their staff X and Y Theory 11 of 13 Managers see their staff being Lazy, they need to be punished and that they avoid responsibility theory X 12 of 13 Managers see their staff as being Keen to work, they work well on their own and they are responsible. theory Y 13 of 13
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