InterviewSolution
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InterviewSolution
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Raghav, an entrepreneur realises that the enterprise he wants to start has a potential risk of fire because the production process poses such a threat. Should he develop strategies to: (i)Prevent the risk (ii)Respond to the risk (iii)Prevent as well as respond to the risk? Give reasons |
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Answer» Raghav should prevent as well respond to risk. This is because of following reasons: (i) Initiative: This will reflect that he is ready to take initiative which is an essential trait for a successful entrepreneur. (ii) Creative: This will indicate that the entrepreneur is creative which will mean that the entrepreneur will have more chances of being successful in future. (iii) Discipline: Prevention and responding will require the entrepreneur to be disciplined. This will inculcate the disciplined environment in the enterprise. (iv) Compassion: Passion is what required by an entrepreneur for the growth and development of the enterprise. |
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