Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Write paragraphs on the conflict over the ethical issue of entrepreneurship.

Use the following as a guideline:

- Define the term 'Innovative entrepreneurship' and give THREE reasons why having a strong personal mission statement would be beneficial for entrepreneurs. (1+3)

- Analyze TWO conflict management techniques which new entrepreneurs could consider if they get into conflict with a customer. (2x4)

- Evaluate TWO impacts of converting a traditional business into an e-business. (2x4)

Sagot :

GinnyAnswer

Final answer:

Innovative entrepreneurship involves a personal mission statement for entrepreneurs. Conflict management techniques for new entrepreneurs involve active listening and collaborative problem-solving. Converting a traditional business into an e-business impacts market reach and operational costs.


Explanation:

Innovative entrepreneurship refers to the creation of new products, services, or processes through an entrepreneurial mindset. Three reasons why having a strong personal mission statement is beneficial for entrepreneurs include:

  1. Setting a clear direction for their business goals.
  2. Motivating themselves and their team during challenging times.
  3. Guiding decision-making in alignment with their values.

Two conflict management techniques new entrepreneurs could consider if they get into conflict with a customer are:

  • Active listening: Listening attentively to the customer's concerns to understand their perspective.
  • Collaborative problem-solving: Working together with the customer to find a mutually beneficial solution.

Converting a traditional business into an e-business can have two impacts:

  1. Increased market reach and accessibility to a wider customer base.
  2. Reduced operational costs and overhead expenses through automation and digital processes.

  4. Learn more about Entrepreneurship and Conflict Management here:
  5. https://brainly.com/question/50993662

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.