Michael has worked as a Senior Marketing Manager in a reputed enterprise for over a decade. His colleagues attributed to him some of the traits associated with being an entrepreneur. Which of these personality traits is Michael likely to exhibit?a.High risk-taking ability and external locus of control.b.Low risk-taking ability and external locus of control.c.Low risk-taking ability and internal locus of control.d.High risk-taking ability and internal locus of control.
Question
Michael has worked as a Senior Marketing Manager in a reputed enterprise for over a decade. His colleagues attributed to him some of the traits associated with being an entrepreneur. Which of these personality traits is Michael likely to exhibit?a.High risk-taking ability and external locus of control.b.Low risk-taking ability and external locus of control.c.Low risk-taking ability and internal locus of control.d.High risk-taking ability and internal locus of control.
Solution 1
The personality traits associated with being an entrepreneur typically include a high risk-taking ability and an internal locus of control.
High risk-taking ability refers to the willingness to take up significant risks to achieve business objectives. Entrepreneurs often need to make bold decisions that involve a high level of risk, but with the potential for significant rewards.
An internal locus of control refers to the belief that one can control events affecting them. Entrepreneurs often believe they have control over the success of their business and their destiny, rather than attributing it to luck or external factors.
Therefore, the answer is d. High risk-taking ability and internal locus of control.
Solution 2
The correct answer is d. High risk-taking ability and internal locus of control.
Here's why:
Entrepreneurs are typically characterized by their high risk-taking ability. They are willing to take significant risks to achieve their business goals. This is a necessary trait as starting and running a business often involves a great deal of uncertainty and potential for failure.
In addition, entrepreneurs usually have an internal locus of control. This means they believe that they have control over their own lives and the outcomes of their actions. They tend to attribute success or failure to their own actions and behaviors, rather than external factors. This belief in self-efficacy motivates them to work hard and persist in the face of challenges.
Therefore, if Michael's colleagues attribute entrepreneurial traits to him, it's likely that he exhibits a high risk-taking ability and an internal locus of control.
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