The Best Managers, Who Expect Norms to Shift Over Time

question 6

True/False

The best managers, who expect norms to shift over time, constantly decipher the changes in the informal "rules of the game" and then incorporate them in setting the strategies of the firm.

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Definitions:

Entrepreneurship

Engaging in the creation of a business or multiple businesses, undertaking economic risks in anticipation of making a profit.

Skills

The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.

Corporate Entrepreneurs

Individuals within a large company who develop new ideas, products, or business models, effectively acting as entrepreneurs within the corporate structure.

Entrepreneurs

Individuals who, recognizing opportunities, take on the financial risk of starting and managing a new business venture.