Practice Entrepreneur (3.2.3.1) - Managers and Managerial Roles

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9 questions

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2 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the primary role of a manager as an entrepreneur?
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Think about what entrepreneurs do.
Question 2.
Define 'innovation' in the context of management.
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It involves changes in products or processes.
3Question 3.
What does the entrepreneurial role of a manager primarily involve?
- Managing financial risks
- Identifying and seizing opportunities for improvement
- Deciding day-to-day operations
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Think about what makes an entrepreneur unique.
4Question 4.
True or False: An entrepreneur within a management role only needs to consider current market conditions.
- True
- False
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Consider the future of a business.
Question 5.
As a manager in a fast-paced industry, how would you prioritize which innovations to pursue? Discuss your decision-making process.
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Think about balancing urgency and potential.
Question 6.
Consider a scenario where a competitor has launched a similar product. How would you adapt your product strategy to remain competitive?
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Strategize around your product's strengths.

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