Lim Goh Tong

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1. Based on the article, Human Capital: Essential Factor for Entrepreneurial Success, rise out five (5) questions and answer that are related to the topic you have learned in chapter 1.

a) Successful business are ofter managed by what type of leaders?
Successful business are ofter managed by leaders who know how to mobilize their human resources (HR) to produce better products and service compared to their competitors.

b) How can a change of mindset can be the pre-requisite step for building and existing entrepreneurs to stay in the business?
A change of mindset can be the pre-requisite step for building and existing entrepreneurs to stay in the business because it having a positive mindset and to step up efforts to deal with constant changes and challenges in a highly competities market place.

c) What are the key factors to be considered in the exercise?
The key factors to be considered in the exercise are entrepreneur must be smart and resilient in mobilizing all its resources, including HR to move towards common goals and to deal with challenges that affect the business. It requires the creation the creation of a more robust and knowledge business culture with people that deeply understand the business environment.

d) What are the key factors to be considered in the exercise?
The key factors to be considered in the exercise are considering knowledge as a factor that can make a distint difference and identifying emerging key and new method of conducting business and making it more competitive.

e) What the factors to achieve entrepreneurial success to sharpen a company’s competitive adge?
The factors to achieve entrepreneurial success to sharpen a company’s competitive adge depends on the ability to attract, retain and develop competent people continuously.

f) Why is having leadership ability is important?
Having leadership ability is important because it stand in good stead for the entrepreneur to help worker in problem-solving...
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