The strengths and weaknesses of an entrepreneurial strategist Essay

The strengths and weaknesses of an entrepreneurial strategist - Essay ExampleThe importance of strategic thinking leads to strategic planning and is extremely important in the opportunity identification process. Successful entrepreneurs are self sure-footed and try to meet the heist possible standards. Most of them are hard working and ener findic, enthusiastic, passionate and self-critical. They get others to do things by giving them little scope to influence decisions. Intuition is one of the most grotesque qualities possessed by successful entrepreneurs (Burns 2001). They use the intuitive ability to understand the dynamics of market structures, competition, guest needs, timing, synergies, and the like (Clark and Lee 2006). They have great knowledge, expertise and personal charisma. Successful entrepreneurs accept full duty for the achievement of the business objective and it is therefore essential for trust and co-operation from both sides to be in depict all the time. They we lcome change because it creates opportunities that can be exploited and often create it through plan (Burns 2001, p. 5). Most of them have excellent communication skills which help them to find partners and investors. Successful entrepreneurs are open to fresh ideas and willingly accept risk.The weaknesses of entrepreneurs prevent them to achieve success and bui