Discuss at Least Three Major Management Challenges Associated with Entrepreneurship

question 87

Essay

Discuss at least three major management challenges associated with entrepreneurship. Include strategies to overcome the difficulties.

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Definitions:

Labeling

The process of classifying and naming individuals or groups based on perceived characteristics, which can influence identity and behavior.

Deviant

Behaviors or actions that violate societal norms or standards, often resulting in societal judgment or sanction.

Scapegoats

Individuals or groups unfairly blamed for problems or wrongdoings they did not cause, often to deflect responsibility from the true culprits.

Control Theory

The theory that an individual’s tendency to engage in deviant behavior is influenced by his or her ties to other persons. There are four components of such ties: attachment, commitment, involvement, and belief.