1.
Which of the following is not a fundamental feature of the entrepreneurial approach to strategic decision-making?
A
Capitalizing on opportunities
B
Growth and expansion oriented
C
Centralization of decision-making power
D
Decision based on priority
Answer and explanation
Correct Answer: C — Centralization of decision-making power
The correct answer is C: Centralization of decision-making power.
Entrepreneurial decision-making typically involves decentralization, where decision-making is distributed across teams to foster creativity and innovation. Centralization limits the ability to rapidly respond to opportunities and market changes, which is contrary to the entrepreneurial approach that thrives on flexibility and collaboration.