Explain, using examples, the enterprising characteristics/skills shown by Tom - Leaving Cert Business - Question A - 2005
Question A
Explain, using examples, the enterprising characteristics/skills shown by Tom.
Tom Ryan is the main shareholder in a busy electrical company. Tom had been working a... show full transcript
Worked Solution & Example Answer:Explain, using examples, the enterprising characteristics/skills shown by Tom - Leaving Cert Business - Question A - 2005
Step 1
Control
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Answer
Tom exhibits a level of control over his business operations by taking initiative in establishing Circuit Ltd and managing the recruitment and training of staff. His independence and drive for achievement are evident as he identifies opportunities for growth in the changing electrical industry.
Step 2
Risk-Taking
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Answer
By starting Circuit Ltd and venturing into the specialized area of wireless computer networks, Tom demonstrates calculated risk-taking. He is prepared to invest in new technologies that may offer higher profit margins.
Step 3
Flexibility
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Tom's flexibility in working late and accommodating customer needs shows how he adapts to the demands of his business and clients, which is crucial in a service-oriented industry.
Step 4
Confidence
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Confident in his abilities, Tom manages his staff and operations effectively. His approach to recruitment and training reflects the high self-image and self-belief that he possesses.
Step 5
Determination
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Tom's determination is evident in his commitment to overcoming challenges, such as expanding his business and exploring new opportunities despite any hurdles he may face.
Step 6
Leadership
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Tom takes responsibility for decisions within his firm, showcasing strong leadership qualities. He actively participates in the development of his staff and encourages an environment where they can grow.
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