Theorists
He believes that technological advances are a source of opportunity
Who is Peter Drucker?
Sets high standards for themselves and their team.
What is achievement-oriented?
Knowing the overall aims, objectives which can be long, short or medium term
What is planning?
He believed that new markets were sources of innovation
Who is Joseph Schumpeter?
Embraces new opportunities and challenges with enthusiasm.
What is dynamic?
This can be taken from savings, taken from family members or friends or banks
What is accessing funds? What is raising Capital?
He describes entrepreneurs as risk-takers
Who is Richard Cantillon
Understands and manages their own emotions effectively, while managing others emotions.
What is emotional intelligence?
Forming a new idea
What is conceptualizing?
He believes in creative destruction
who is Joseph Schumpeter?
Belief in ones own abilities and decisions.
What is self-confident?
Taking an action that is uncertain as there is more than one outcome that can be positive or negative
What is risk-bearing?
He believes in spotting opportunities and exploiting changes in society or the market to create value
Who was Peter Drucker?
Demonstrates determination and resilience in the face of obstacles.
What is persistence?
Carrying out the daily functions of the business
What is operating the business?