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Write paragraphs on the conflict over the ethical issue of entrepreneurship.

Use the following as a guideline:

- Define the term 'Innovative entrepreneurship' and give THREE reasons why having a strong personal mission statement would be beneficial for entrepreneurs. (1+3)

- Analyze TWO conflict management techniques which new entrepreneurs could consider if they get into conflict with a customer. (2x4)

- Evaluate TWO impacts of converting a traditional business into an e-business. (2x4)

Sagot :

GinnyAnswer

Final answer:

Innovative entrepreneurship involves a personal mission statement for entrepreneurs. Conflict management techniques for new entrepreneurs involve active listening and collaborative problem-solving. Converting a traditional business into an e-business impacts market reach and operational costs.


Explanation:

Innovative entrepreneurship refers to the creation of new products, services, or processes through an entrepreneurial mindset. Three reasons why having a strong personal mission statement is beneficial for entrepreneurs include:

  1. Setting a clear direction for their business goals.
  2. Motivating themselves and their team during challenging times.
  3. Guiding decision-making in alignment with their values.

Two conflict management techniques new entrepreneurs could consider if they get into conflict with a customer are:

  • Active listening: Listening attentively to the customer's concerns to understand their perspective.
  • Collaborative problem-solving: Working together with the customer to find a mutually beneficial solution.

Converting a traditional business into an e-business can have two impacts:

  1. Increased market reach and accessibility to a wider customer base.
  2. Reduced operational costs and overhead expenses through automation and digital processes.

  4. Learn more about Entrepreneurship and Conflict Management here:
  5. https://brainly.com/question/50993662

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