When Do Entrepreneurs Require External Capital? Describe the Three Primary

question 83

Essay

When do entrepreneurs require external capital? Describe the three primary sources of external capital.

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Definitions:

Human Health

A state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.

LPC Contingency Model

A leadership theory proposed by Fred Fiedler suggesting that leadership effectiveness depends on the match between a leader's style of interacting with subordinates and the degree of control and influence in the situation.

High LPC Leader

A leader who scores high on Least Preferred Coworker scale, focusing more on relationships than task completion.

Leader-Member Relations

The quality of the interactions and relationships between a leader and their followers, affecting team dynamics and performance.