The Entrepreneur's Learning Cycle Describes Experience-Based Learning by Starting Out

question 27

Multiple Choice

The entrepreneur's learning cycle describes experience-based learning by starting out with the action - Do it! This is followed by a number of steps. Which are they?

• A) Did that work? What should I try now? Do it! Does that work?
• B) Read up. Ask the experts. Learn from them. Learn something new.
• C) What happened? Should we do more or less next time? Who knows the answer? Contact them!
• D) Asking: What happened? What does that mean? How should I act next time? Do it!

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Definitions:

Organizational Politics

Refers to informal, unofficial, and sometimes behind-the-scenes efforts to sell ideas, influence an organization, increase power, or achieve other targeted objectives.

Organizational Power

Relates to the capacity of individuals or groups within an organization to influence decisions, control resources, and direct the behavior of others.

Change Management

The process, tools, and techniques used to manage the people side of change to achieve a required business outcome.

Organizational Politics

The activities undertaken within an organization to acquire, develop, and use power and other resources to obtain one’s preferred outcomes in a situation involving uncertainty or disagreement.