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Write paragraphs on entrepreneurship and e-businesses.

Use the following guidelines:

1. State four ways in which a value-based approach could guide an entrepreneur to run a successful e-business.
2. Analyze how entrepreneurs could use culture to stay competitive on current e-business platforms.



Answer :

GinnyAnswer

Final answer:

Entrepreneurship and e-businesses involve creating value and leveraging culture to stay competitive in the online market.


Explanation:

Entrepreneurship and E-Businesses

Entrepreneurship is the process of designing, launching, and running a new business, while an e-business is a business that operates online. A successful e-business leverages technology to reach customers, optimize operations, and create value.

Value-Based Approach for Entrepreneurs:

  • Customer Focus: Understanding and meeting customer needs to provide value.
  • Innovation: Developing unique products or services to differentiate from competitors.
  • Ethics: Upholding ethical standards in business practices to build trust and long-term relationships.
  • Sustainability: Incorporating sustainable practices to create long-term value.

Culture in E-Business:

Entrepreneurs can use culture to stay competitive by understanding the preferences and behaviors of their target market. Adapting business strategies to align with cultural norms and values can enhance customer engagement and loyalty in e-business.


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