REFLECTIVE
JOURNAL No. 2
1.
In
your opinion, what is the difference between an entrepreneur and a leader?
Entrepreneur
is a person who
will see the opportunity, assemble a team, looking
for resources for a new business
idea, raise the capital needed
to start a business and while the leader comes only
after the foundation has been laid and established
businesses.It means, without entrepreneurs,
leader will have no business to manage the.
Entrepreneurs are
more concerned with launching
and business continuity in the face of
uncertainty, while managers are more concerned with the effective and
efficient operation of the business going.
2.
What
are the determinants of successful entrepreneurship? Explain one.
a.
Willingness to take
action
This is the first and most important factor for each would be and current
entrepreneur. All other factors presented below, is not important if you don’t
take a real action. Actions are something that lead entrepreneurs to the
success. Without them, they are nothing.
c.
Creativity
d.
Skills
e.
Intelligence
f.
Patience
g.
Persistence
h.
Teamwork
i.
Self-Confidence
j.
Experience.
3.
How
would you explain Gandhi’s statement: “The progress of a country depends not on
mass production, but on the production of the masses?
By adopting the principle of production by the
masses, village communities would be able to restore dignity to the work done
by human hands. There is an intrinsic value in anything we do with our hands,
and in handing over work to machines we lose not only the material benefits but
also the spiritual benefits, for work by hand brings with it a mediative mind
and self-fulfilment. Gandhi wrote, "Its a tragedy of the first magnitude
that millions of people have ceased to use their hands as hands. Nature has bestowed upon
us this great gift which is our hands. If the craze for machinery methods
continues, it is highly likely that a time will come when we shall be so
incapacitated and weak that we shall begin to curse ourselves for having
forgotten the use of the living machines given to us by God. Millions cannot
keep fit by games and athletics and why should they exchange the useful
productive hardy occupations for the useless, unproductive and expensive sports
and games." Mass production is only concerned with the product, whereas
production by the masses is concerned with the product, the producers, and the
process.
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