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Describe the Key Considerations an Entrepreneur Must Make While Performing

question 39

Essay

Describe the key considerations an entrepreneur must make while performing a risk analysis of a new business idea.


Definitions:

Total Control

A management approach where every aspect of a project, process, or organization is under direct control with no external influences.

Gainsharing Plans

Performance-based compensation programs that share the financial benefits of efficiency improvements, increased productivity, or cost savings with employees.

Organizational Resources

Assets, both tangible and intangible, that an organization utilizes to operate and achieve its objectives.

Sales Incentives

Financial or non-financial rewards offered to sales personnel to motivate them to increase sales performance.

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