For success of an entrepreneurial business, which of the following is required? Vision Strategy Execution All of the above
Question
For success of an entrepreneurial business, which of the following is required?
- Vision
- Strategy
- Execution
- All of the above
Solution
All of the above. For the success of an entrepreneurial business, it requires Vision, Strategy, and Execution.
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Vision: This is the entrepreneur's idea of what the company should be and where it should go. It's the big picture of what they want to achieve.
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Strategy: This is the plan to achieve the vision. It includes the steps and methods that will be used to reach the company's goals.
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Execution: This is the implementation of the strategy. It's the actual work that's done to carry out the plan and achieve the vision.
So, all three elements are crucial for the success of an entrepreneurial business.
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