Question

Essential qualities needed for a successful entrepreneur are:

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

Hint:

Innovation, Leadership, and Control form the “Success Triangle” for every entrepreneur.

Answer 1

The Correct Option is D

Step 1: Understanding the role of an entrepreneur.
A successful entrepreneur must combine multiple abilities such as creativity, leadership, and management to build and sustain a business.
Step 2: Qualities explained.
- Innovation: The ability to create new ideas, products, or services. It drives growth and competitiveness.
- Leadership: Motivates teams, sets vision, and ensures coordination.
- Control: Helps monitor operations, manage resources, and ensure efficiency.
Step 3: Why all qualities are essential.
Entrepreneurship demands a blend of creativity (innovation), direction (leadership), and discipline (control) for success. Lacking any of these leads to imbalance.
Step 4: Conclusion.
Hence, all these qualities are required for a successful entrepreneur.