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An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipAn Entrepreneur4 Marks
Question
Explain the following Entrepreneurial Competencies:
Persistence.
✓

Answer

Persistence:
  1. It is the ability of an entrepreneur to continue with the course of action despite obstacles and difficulties.
  2. He must persist with behavioural skills even when the failure is visible as a quality successful entrepreneurs are determined and persistent in their march towards excellence.
  3. He always create a need for goods and services in the market for enterprise. For example: In India when mixers was introduced, numbers of users/ mcustomers were less but today, we find it to be an essential appliance of kitchen accessories.
  4. When Mahima Mehra brought out her product–Haathi Chaap, she had experimented on various other material before using elephant dung to manufacture handmade paper.

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