Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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 service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.