ADM 1300 Chapter Notes - Chapter 5: Limited Liability Partnership, Netflix, Sole Proprietorship

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Devinder Gandhi

Document Summary

Characteristics of entrepreneurs: anyone who assumes responsibility for introducing a new product / change in operations within an organization is also demonstrating the qualities of entrepreneurship internal locus of control believe that they are in control of their own destiny high energy level persistent, hard working, and willing to exert extraordinary efforts to succeed high need for achievement motivated to accomplish challenging goals tolerance for ambiguity risk takers; tolerate situations with high degrees of uncertainty self confidence feel competent, believe in themselves, willing to make decisions passion and action orientation try to act ahead of problems; they want to get things done; no wasting time self reliance and desire for independence want independence; self reliant; want to be their own bosses, not work for others flexibility willing to admit problems and errors; willing to change a course of action when plans aren"t working.