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1. What´s entrepreneurship?
Entrepreneurship is the process of creating, developing and growing a business or a project.
2. What does an advanced entrepreneurial mindset require?
An advanced entrepreneurial mindset requires the ability to take calculated risks while minimizing potential losses.
3. What enables entrepreneurs to recover quickly from failure and persist in challenging environments?
Resilience enables entrepreneurs to recover quickly from failure and persist in challenging environments.
4. What allows entrepreneurs to identify unmet needs within dynamic markets?
The capacity for opportunity recognition allows entrepreneurs to identify unmet needs within dynamic markets.
5. What do successful entrepreneurs engage in to remain competitive in rapidly changing industries?
Successful entrepreneurs engage in lifelong learning to remain competitive in rapidly changing industries.
6. What´s visionary thinking?
Visionary thinking is the anticipation of future trends and the ability to shape them rather than merely respond.
7. What´s calculated risks-taking?
Calculated risks-taking is the practice of evaluating uncertainty using data, intuition, and probability assessment.
8. What´s opportunity recognition?
Opportunity recognition is the capacity to identify unmet needs and transform them into viable business ideas.
9. What´s resilience?
Resilience is the ability to recover from failure while extracting long-term learning value.
10. What´s ethical leadership?
Ethical leadership is the commitment to integrity, accountability, and social responsibility in leadership.
11. What´s adaptability?
Adaptability is the ability to adjust business models in response to dynamic environments.
12. What´s proactiveness?
Proactiveness is the willingness to initiate change before external pressure forces action.
13. What´s strategic decision making?
Strategic decision making is the process of choosing actions that align short-term execution with long term objectives.
14. Which four entrepreneurial features are most evident in this case?
The four most evident entrepreneurial features are Resilience, Adaptability, Opportunity recognition, and Strategic decision-making.
15. Which feature was critical to transforming failure into opportunity?
The most critical feature was Adaptability, because the founder redesigned the product based on user feedback and repositioned the company into a new niche, turning initial losses into a new business opportunity.