An entrepreneurial team consists of
A) managers with similar skills, abilities, and interests.
B) experienced professionals from different areas of business.
C) a group of wealthy investors who share a vision for a product.
D) representatives from management, labor, and the government who work together to solve a company's problems in a creative way.

Question

Quizplus · Accepted Answer

An entrepreneurial team consists of experienced professionals from different areas of business who bring diverse skills, knowledge, and perspectives to the venture. This enables the team to identify and exploit opportunities, solve complex problems, and innovate in ways that a single individual or homogeneous group cannot achieve. The team may include individuals with expertise in marketing, finance, operations, technology, and other disciplines, depending on the nature of the venture. Managers with similar skills, interests, and abilities are unlikely to form an effective entrepreneurial team as they may suffer from groupthink and lack the necessary range of skills and experiences needed to succeed. A group of wealthy investors who share a vision for a product may be able to fund the venture, but they are not likely to be actively involved in its day-to-day operations or provide the necessary expertise and guidance. Representatives from management, labor, and government working together to solve a company's problems in a creative way may be helpful in solving specific issues, but this is not a description of an entrepreneurial team, which is typically formed to start a new venture or grow an existing one.

An Entrepreneurial Team Consists of