CMA Final · Entrepreneurship and Startup · Entrepreneurial Skill Sets
A founder of a Kochi seafood-export startup repeatedly spots unmet needs of small fishermen, such as cold storage and direct buyer access, and designs services around them before any competitor does. Which entrepreneurial skill is mainly demonstrated?
The skill shown is opportunity recognition. The founder identifies unmet needs of fishermen, like cold storage and direct buyer access, and builds services for them ahead of competitors. Budgeting, delegation and compliance are management skills and are not what the situation describes.
- AOpportunity recognitionCorrect
- BCost control through budgeting
- CDelegation of routine tasks
- DStatutory compliance management
Explanation
Identifying unmet needs and shaping solutions before others is opportunity recognition, a core entrepreneurial skill. Budgeting, delegation and compliance are managerial skills not described in the facts.
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