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Jemshah
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JemshahEnlightened
Asked: December 9, 20222022-12-09T08:38:44+00:00 2022-12-09T08:38:44+00:00In: Entrepreneurship Education questions

Roles played by a entrepreneur in an enterprise

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Explain three roles played by a entrepreneur in an enterprise

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  1. Jemshah Enlightened
    2022-12-09T08:39:49+00:00Added an answer on December 9, 2022 at 8:39 am
    1. Identifying opportunities: One of the key roles of an entrepreneur is to identify opportunities for innovation and growth. This involves analyzing market trends, conducting research, and identifying gaps or unmet needs that can be addressed by the enterprise. By identifying opportunities, the entrepreneur can help to guide the direction and strategy of the enterprise, and can support the development and growth of the business.
    2. Providing leadership and direction: Another key role of an entrepreneur is to provide leadership and direction for the enterprise. This involves setting goals and objectives, developing strategies and plans, and communicating the vision and direction of the enterprise to employees, partners, and stakeholders. By providing leadership and direction, the entrepreneur can help to motivate and inspire the team, and can support the success and growth of the business.
    3. Taking risks and making decisions: An entrepreneur also plays a critical role in taking risks and making decisions on behalf of the enterprise. This involves evaluating potential opportunities and challenges, assessing risks and rewards, and making decisions that are in the best interests of the business. By taking risks and making decisions, the entrepreneur can help to drive innovation and growth, and can support the development and success of the enterprise.
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