Entrepreneurs Who Want to Pursue a Start-Up Business Should Address

question 61

True/False

Entrepreneurs who want to pursue a start-up business should address their competitive advantage over potential rivals.

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Definitions:

Empower People

The act of granting individuals or groups more autonomy and control over their work or personal lives, often focusing on enabling them to make decisions and contribute to important processes or outcomes.

Organization Levels

Refers to the hierarchy within an organization, starting from the top with the board of directors or CEO, moving down through middle management, and reaching the operational employees at the bottom.

Centralization

The concentration of decision-making authority at the top levels of an organizational hierarchy.

Operational Decisions

Short-term choices made by management which are concerned with the day-to-day operations of a business.