Why is initiative especially important when considering creative and entrepreneurial action?

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29-08-2022
Social Studies

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Why is initiative especially important when considering creative and entrepreneurial action?

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-09-06T12:48:42-04:00

Initiative is important when considering creative and entrepreneurial action as entrepreneurs take smart steps which test ideas that are within acceptable losses, and they then reflect and build on what they found by taking the necessary action.

How to explain the information?

Expert businesspeople test ideas with manageable losses, reflect, and build on their findings before taking further action.

By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Short-term and long-term job opportunities are created by entrepreneurs.

Finding answers to unusual difficulties and overcoming unforeseen obstacles both benefit from creative problem-solving, promoting growth and innovation: In addition to providing answers, inventive problem-solving can produce new concepts that promote business expansion.

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