Characteristics of Successful Business Managers and Entrepreneurs (VCE SSCE Business Management): Flashcards

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Characteristics of Successful Business Managers and Entrepreneurs
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Calculated risk-taking in business

Informed decisions through research, not reckless gambles

Resilience as entrepreneurial trait

Bounce back from setbacks and persist through challenges

SMART goals framework meaning

Specific, Measurable, Achievable, Relevant, Time-bound objectives

David Kollar's Kollar Clothing purpose

Helping others feel confident through quality apparel

Australia's Global Entrepreneurship Index rank

Sixth globally out of 136 countries

Financial management importance

Monitor income, expenses, cash flow for business viability

Communication skills for business owners

Clear communication, listening, negotiating with stakeholders

Leadership capabilities in business

Motivate, inspire, guide teams towards business goals

Ethical conduct benefits in business

Builds trust, customer loyalty, sustainable long-term success

RIVE CAP memory aid

Risk-taker, Innovate, Vision, Ethical, Confident, Adapt, Persist

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