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Oksi-84 [34.3K]
3 years ago
10

JANE’S EVALUATION

Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

1. Richard Trumpe comes closest to having the mindset of an ideal entrepreneur.  This is because of his high creativity and innovativeness.

2. I would recommend that the bank lend the $150,000 to Phil Hartack because of his high integrity and reliability.

3. The three entrepreneurs can improve their entrepreneurial profile and, therefore, their chances for entrepreneurial success by working to improve their weak points.  For example, Robin Wood can improve his drive to achieve, problem-solving skills, creativity, and innovativeness.  Richard Trumpe can also improve his problem-solving skills and work on his personal integrity and reliability by making it a point to live by the truth.  His word should become his bond, henceforth.  This has cost him the loan and made Phil preferable.  Phil also needs to up his creativity and innovativeness game, which will rub off on his ability to take initiatives, drive to achieve, and perseverance.

Explanation:

a) Data and Calculations:

Characteristic                          Robin Wood  Richard Trumpe  Phil Hartack

Perseverance                                  H                         M                         M

Drive to achieve                              M                         H                         M

Initiative                                           M                         H                         M

Persistent problem-solving            M                         M                         H

Tolerance for ambiguity                 L                          M                         H

Integrity and reliability                    H                         M                         H

Tolerance for failure                       H                         H                         H

Creativity and innovativeness       M                         H                         M

Self-confidence                              H                          H                         H

Independence                                H                          H                         H

     Scores              H      M       L

Robin Wood           5       4        1

Richard Trumpe    6       4        0

Phil Hartack           6       4       0

H = High; M = Medium; L = Low.

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