Entrepreneur characteristics,”Positive, Motivated, Extroverted, Openness to Experienceo high in openness to experience- predisposed to be original, daring, take riskso have internal locus of control- they are responsible for what happens to them and they determine their future o high levels of self esteem and feel competent and capable of handling most situationso high need for achievement- high personal standards of excellence

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What are some recent changes in management practices?,”o Restructuring: downsizing an organization o Outsourcing: contracting with another company, usually abroad to have it perform an activity the organization previously performed itself o Empowering: the extension of employees’ knowledge, tasks, and decision-making responsibilities o Self-managed teams: a group of employees who assume collective responsibility for organizing, controlling

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Main points about decision making from the Dan Ariely video,”o If we could understand our cognitive limitations we could design a better world o People are averse to making decisions; regardless of the actual outcome, people are more inclined to leave things as they are than make a decision to alter them – in regards to the organ donation experiments

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