Flashcards
1.3.1 Characteristics of Successful Entrepreneurs
Cards in this deck (14)
- 1Six Characteristics of EntrepreneursInitiative, Hard- Working, Resilient, Creative, Self Confident and Taking calculated risks
- 2Three examples of a Profit MotivesEarning a larger income
Provide for Family
Sale & Profit maximisation - 3Three examples of non-profit motivesBeing your own Boss
Ethical/Help others
Continuing a Family Business - 4Definition of a EntrepreneurSomeone who has a flair for business ideas and has the confidence to take the risks involved in setting up a business
- 5Name the three Leadership StylesAutocratic
Paternalistic
Democratic - 6Which leadership style is effective when: Quick decisions are needed?Autocratic
- 7Which leadership style is effective when: Creativity is needed?Democratic
- 8What is a problem with a Paternalistic leadership style?Experienced staff may feel patronized or under valued
- 9What is a problem with a Democratic leadership style?When decisions need to be made quickly
- 10Three factors which effect leadership stylesThe Workers
The Task
The leaders personality - 11Name the two types of Extreme managersTheory X
Theory Y - 12Theory X believe workers are...Lazy
Respond to Threats
Avoid Responsibility - 13Theory Y believe workers are...Keen
Will work well on their own
Respond to Rewards - 14What does a 'Laissez-Faire' Leadership Style mean?It means workers are left to their own devices
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- Flashcards on 1.3.1 Characteristics of Successful Entrepreneurs, created by momo mm on 24/10/2025.
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- momo mm · Oct 2025
- Updated
- Oct 24, 2025
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- Created by Molly Hills · Nov 13, 2014
- Copied by momo mm · Oct 24, 2025
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