In the context of entrepreneurial orientation, ________ occurs when an organization is willing to commit significant resources and perhaps borrow heavily to venture into the unknown.
A) independent action
B) innovativeness
C) risk taking
D) competitive aggressiveness
E) proactiveness

Question

Quizplus · Accepted Answer

Risk taking is the willingness to commit significant resources and borrow heavily to venture into unknown and uncertain markets or industries. This is a key aspect of an organization's entrepreneurial orientation as it entails taking calculated risks to achieve long-term growth and profitability. The other options, such as independent action, innovativeness, competitive aggressiveness, and proactiveness, are also important components of entrepreneurial orientation but do not specifically relate to the willingness to take risks.

In the Context of Entrepreneurial Orientation, ________ Occurs When an Organization