Question

Team building

Select One
involves including qualified people in the venture
does nothing
is overrated
does not threaten the entrepreneur's autonomy

Entrepreneurs now view social/environmental issues as

Select One
global competition
part of the future of business
affecting only certail industries
a minor concern

The adverse impact of ___________ can be so destructive that individuals within the enterprise will tend to avoid entrepreneurial behavior

Select One
traditional management techniques
specific entrepreneurial strategies
informal meetings
innovative climate rules

In following the rules of innovation, a manager should do all the followings, except

Select One
encourage action
use formal meetings whenever possible
reward performance
punish failure

The most pro-active position for a corporation to take in regard to social responsibility would be termed

Select One
social obligation
social intensity
social decisiveness
social responsiveness

Answer 1

1. Answer : Team building involves including qualified people in the venture.

Rationale: Team building refers to forming a team of qualified and skilled professionals who come together to achieve a certain set of goals.

Where as,

Team building is not overrated as it helps to achieve the specified goals.

Since team building involves a number of qualified individuals so the entrepreneur's idea of self governance gets jeopardized.

2. Answer : PART OF THE FUTURE OF BUSINESS

Rationale: Social and environmental issues have slowly become a major concern for all the industries and not just a few industries. They don't have any effect on the global competition but are rather seen as a part of the future industry. This is why government is putting more emphasis on CSR (corporate social responsibility) and environmental safety.

3. Answer : TRADITIONAL MANAGEMENT TECHNIQUES

Rationale: A certain number of disadvantages associated with traditional management techniques are long decision making time, lack of individual authority, inability to adapt globally, message distortion and over specialization. Adoption of traditional management techniques hampers the entrepreneurial growth within an organization

4. Answer : PUNISH FAILURE

Rationale : In order to increase the productivity of the employees, the managers must encourage actions and reward the performance. Managers must organize formal meetings in order to discuss the short and long term goals.

But if the managers punish the failure of the employees, it can demotivate the employees and therefore, decrease their output and productivity. So, the managers must handle the employee failure by motivating and supporting them instead of punishing them.

5. Answer : Social Responsiveness

Rationale: Social responsiveness refers to a corporate's duty to become socially responsible and contribute to their society.

Social obligation makes the corporates obligated to act for the benefit of the society.

Being in the position of social intensity creates social anxiety disorder for the organizations.

Social decisiveness forces an organization to take all its decisions for the benefit of the society and this might hamper the goal achieving capability of the company.