L5ADCARE18-1
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Question 1 of 3
Which one of the below is a good technique for identifying your own strengths and weaknesses as an entrepreneur?
Profit margin
SWOT analysis
Competitor analysis
Costs / benefits analysis
When individuals point out a ‘failure’ that occurred while trying to improve operations, you should:
Conceal the failure
Help them learn from their mistake
Avoid giving them tasks in the future
Determine who was responsible and punish accordingly
When someone approaches you with an idea that has some limitations, you can support the effort by:
Pointing out its limitations
Asking if he/she considered why the idea might not work
Identifying elements of the idea that could work
Agreeing that it is a good idea
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