Global marketing involves planning, producing, placing, and promoting a business’ products or services in the worldwide market. 8. Decision making Competence: Decision making is very important to the success of an entrepreneur, this skill is at the core of every successful entrepreneurial activities. Decision making is the process of selecting a line of action from available alternatives. This selection process may be very difficult especially when business plan the available alternatives are numerous or the decisions to be made or chosen from are risky ones. This article discusses the theories of locus of control, self-efficacy, anxiety-uncertainty management as well as social cognitive and attribution theory as related to activities inthe workplace. Employees don’t just leave the company. They leave managers. But bad managers can actually make the employees subject to their abuse into better leaders.
The same is true if your firm has all of the necessary engineering design expertise it requires and has also contracted with other sub-consultants to provide surveying services, but you have no marketing expertise. Although there are a number of needy clients in your local market, you have no way of contacting them nor do you even know how to identify your potential clients. The chain is broken because there is no way for you to contract with clients to provide the services you have available. Of course, we you have no clients you have no revenues, and when you have no revenues you have no business. Patience – This is another quality of leader to wait patiently for success after trying hard with all energy available, continuously trying hard. Patience is important in for leader to keep the team motivated and moving towards success.