Describe the Three Separate Ways That Entrepreneurs Identify New Business

question 67

Essay

Describe the three separate ways that entrepreneurs identify new business, product, and service opportunities.

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Definitions:

Path-goal Theory

A leadership theory that emphasizes the leader's role in guiding and motivating followers to achieve set goals by clarifying the path to these goals.

Path-goal Theory

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide the necessary direction and support.

Path-goal Theory of Leadership

A theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, emphasizing the need to adapt leadership style to the situation.

Leadership Style

Leadership style is the manner and approach of providing direction, implementing plans, and motivating people; it can vary from autocratic to democratic or laissez-faire.