An entrepreneur selects a new idea but the required skills are not available in the team. What is the most appropriate step?
Answer and explanation
Correct answer: Provide training or add suitable partners
A skill gap should be identified and addressed before the venture commits to full implementation. Training can build capability within the existing team, while recruiting or partnering can bring specialised knowledge more quickly. Ignoring the gap or misleading customers increases operational and ethical risk and may cause avoidable failure.
Frequently asked questions
What is the correct answer to this question?
Provide training or add suitable partners
Why is this the correct answer?
A skill gap should be identified and addressed before the venture commits to full implementation. Training can build capability within the existing team, while recruiting or partnering can bring specialised knowledge more quickly. Ignoring the gap or misleading customers increases operational and ethical risk and may cause avoidable failure.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Staffing. Topic: Recruitment.
