Why are values an important factor in the success of an entrepreneur? Please select all that apply.
A) Values ensure that the entrepreneur will maximize his/her profits
B) Values influence the decision by an entrepreneur to pursue an opportunity and take on a certain level of risk and uncertainty
C) Values influence how the entrepreneur defines 'success'
D) Values held by entrepreneurs have no influence on the ethical practices undertaken by their enterprises

Question

Quizplus · Accepted Answer

Values play a crucial role in guiding an entrepreneur's decisions, including the opportunities they pursue and their tolerance for risk and uncertainty. Additionally, an entrepreneur's personal definition of 'success' is often shaped by their values, influencing their goals and how they measure achievement.

Why Are Values an Important Factor in the Success of an Entrepreneur