Raghav, an entrepreneur realises that the enterprise he wants to start has a potential risk of fire because
Raghav, an entrepreneur realises that the enterprise he wants to start has a potential risk of fire because the production process poses such a threat.
Should he develop strategies to:
(i)Prevent the risk
(ii)Respond to the risk
(iii)Prevent as well as respond to the risk? Give reasons
1 Answers
Raghav should prevent as well respond to risk.
This is because of following reasons:
(i) Initiative: This will reflect that he is ready to take initiative which is an essential trait for a successful entrepreneur.
(ii) Creative: This will indicate that the entrepreneur is creative which will mean that the entrepreneur will have more chances of being successful in future.
(iii) Discipline: Prevention and responding will require the entrepreneur to be disciplined. This will inculcate the disciplined environment in the enterprise.
(iv) Compassion: Passion is what required by an entrepreneur for the growth and development of the enterprise.