Why is leadership important for an entrepreneur?
Answer and explanation
Correct answer: To guide the team and motivate its members to achieve goals
Leadership helps an entrepreneur communicate a shared direction, coordinate work, allocate responsibilities, motivate team members, and respond to problems. Effective leadership also involves listening, trust, cooperation, and delegation. Creating unhealthy rivalry, doing everything alone, or giving orders without listening weakens rather than strengthens a team.
Frequently asked questions
What is the correct answer to this question?
To guide the team and motivate its members to achieve goals
Why is this the correct answer?
Leadership helps an entrepreneur communicate a shared direction, coordinate work, allocate responsibilities, motivate team members, and respond to problems. Effective leadership also involves listening, trust, cooperation, and delegation. Creating unhealthy rivalry, doing everything alone, or giving orders without listening weakens rather than strengthens a team.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
