(5061) Assignment#01
(5061) Assignment#01
(5061) Assignment#01
4. Stakeholder Relationships:
6. Long-Term Viability:
9. Maintaining Transparency:
Conclusion:
Ethics are not an optional add-on in venturing; they are the ethical
compass that guides entrepreneurs through uncharted waters. From
decision-making to stakeholder relationships, social responsibility, and
long-term viability, ethics influence every facet of entrepreneurship.
Entrepreneurs who integrate ethical considerations into their ventures
not only enhance their own reputations and success but also contribute
to the broader well-being of society. As entrepreneurship continues to
shape the future, an unwavering commitment to ethical principles is
essential for creating a more equitable, sustainable, and innovative
world.
Question No 2:
There are many barriers to International entrepreneurship,
discuss ?
Answer:
Barriers to International Entrepreneurship: Navigating Challenges in
Global Ventures
Differing ethical standards and cultural norms can create challenges for
international entrepreneurship. Entrepreneurs must navigate issues
related to corporate social responsibility, sustainability, and ethical
business practices while respecting local values and customs.
Conclusion:
Passion provides the foundation for a clear and compelling vision for
an entrepreneurial project. Entrepreneurs who are deeply passionate
about their ideas can articulate a vivid and inspiring vision that
resonates with stakeholders. This vision serves as a guiding light,
helping entrepreneurs navigate challenges, make informed decisions,
and maintain a sense of purpose.
4. Enhancing Resilience:
The fear of risk and uncertainty can deter individuals from pursuing
entrepreneurial projects. Passion diminishes the fear of failure by
fostering a sense of purpose and confidence. Passionate entrepreneurs
are more willing to take calculated risks, as they believe in the value
and impact of their endeavours.
7. Sustaining Motivation:
9. Enhancing Decision-Making:
**Conclusion:**
1. Environmental Analysis:
3. Goal Setting:
4. Competitive Analysis:
7. Strategy Formulation:
8. Resource Allocation:
9. Action Planning:
Conclusion:
6. Customer-Centric Approach:
Conclusion: