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Entrepreneurs in the 21st century face challenges unlike any faced in the past since the dawn of time. Organizations both new and old operate in vastly changing contexts. Some argue it has become more complex and others say it is more complicated. Most seem to agree that complexity in organizations is a lot more difficult to manage than organizations that are complicated. The salient points need to be considered in answering the above assignments are:1.Are the key entrepreneurial terms and concepts defined and backed by evidence and sources?2.How and what is understood by the statements and words? Is there a discussion and evaluation in the context of entrepreneurship?3.What are the challenges facing entrepreneurs and their organisations in general and are specific entrepreneurs and their organisations used as examples? What are the implications for new startups within such contexts?4.What approaches would you recommend to instill innovation and good organisational management considering complexity and complicated and the need for sustainability in entrepreneurship?5.How risks can be mitigated and are those proposals realistic? Were local and foreign examples used to demonstrate an application of those approaches?6.Was there a conclusion drawn linked to the discussion?
. 2014 [ENTREPRENEURSHIP ASSIGNMENT – MBA PROGRAM] 1 | P a g e 1. Entrepreneurial terms and concepts The concept of entrepreneurship was first established. overall strategy. 5. Entrepreneurial risk management 5.1 Types of risks http://www.nagpurentrepreneurs.com/blog/different-types-of-risks-in-business 2014 [ENTREPRENEURSHIP ASSIGNMENT – MBA PROGRAM]. being an entrepreneur. The most important of these 2014 [ENTREPRENEURSHIP ASSIGNMENT – MBA PROGRAM] 10 | P a g e rewards is independence, followed by personal satisfaction. For profit entrepreneurs,