Question

in your own words, describe how empathy applies to entreprenuership. what does empathyhave to do with entrepreneurship? is it important factor to successful entreprenuers?

Answer 1

PLEASE LIKE THIS ANSWER, IT HELPS ME A LOT. THANK YOU!!!

EXPLANATION:

Empathy is defined as “the feeling that you understand and share another person's experiences and emotions; and the ability to share someone else's feelings.” Most have experienced this at different times throughout their lives, whether it was offering comfort to a co-worker who didn’t get a promotion or helping a colleague get to work after their car breaks down. These are actions done out of empathy, because we may have experienced something similar and understand how the other person might feel.

Empathy is crucial to sustained success in business transactions , particularly for the business person. Entrepreneurs are surrounded by men, from shareholders and investors to workers and clients whom they need to learn. The company will be improved if the entrepreneur suits these parties' experiences and needs. This relation gives the contractor insights into optimal operation of his company.Customers, staff, creditors and stakeholders need to be made aware of the importance of their interests. You must know what matters to your heart. Thus, the contractor should show that the company's goals are not only for its own benefit, but for all parties.

Taking the time to discuss and appreciate their views of the company with customers and employees is valuable. Employees are generally in the lead line of an enterprise, and customers are the source of profits. When an entrepreneur takes time to consider consumers' and employees ' needs and feedback, they may gain useful knowledge to help them implement their business plan.

The use of constructive enhancement within the company's relationships can also be used to show empathy. Many corporations use discipline and adverse outcomes in particular for employees' behaviour. Nonetheless, the message that the company takes an interest in the people associated with it is that it shows gratitude through benefits, coaching, growth, opportunities and genuine rewards.The view of investors or shareholders is equally important to consider. Both parties have invested in the company of an entrepreneur and hence have vested interests to be discussed. Within this partnership a good entrepreneur is careful to consider where the other stands at all times and keep on engaging in a manner suitable to the situation.

Elements to strengthen public ties and promote a positive picture of the human spirit are included in the best-known entrepreneurs. To do so, it is important to have a vision of the future for a organization and not just for profit. The organization will strive more directly for ties with its creditors, staff , clients and the world. When a organization recognizes a global need, it can have a solution that meets other people's needs. The major profits produced are a side effect of this.The empathy of people who are associated with a company will help to increase the name of a company. It could be considered a tactic for companies, but it must be more. If a organization doesn't seem to have a more fundamental intent, it can not have relationships with customers, workers or investors.