Question

An essential condition of a successful entrepreneur is

• A. Leadership
• B. Control
• C. Innovation
• D. All of these

Hint:

Success in entrepreneurship is a combination of leadership, innovation, and control.

Answer 1

The Correct Option is D

Step 1: Role of leadership.
A successful entrepreneur must have leadership qualities to guide employees, motivate them, and take the organization forward.
Step 2: Role of control.
Control ensures that work is done according to plans and objectives. Without control, efforts may go in the wrong direction.
Step 3: Role of innovation.
Innovation allows entrepreneurs to introduce new ideas, methods, or products. This is critical for survival in a competitive market.
Step 4: Option analysis.
- (A) Leadership: Important but not the only factor.
- (B) Control: Essential, but not enough on its own.
- (C) Innovation: Crucial, but needs to be combined with leadership and control.
- (D) All of these: Correct, because a successful entrepreneur must have all three.
Step 5: Conclusion.
The essential conditions of a successful entrepreneur include leadership, control, and innovation.