Question

In the roles and functions of the entrepreneur identified by Kilby, which of the following is not an aspect of ‘political administration’?

(a) Dealing with public bureaucracy

(b) Managing human relations within the firm

(c) Introducing new production techniques and products

(d) Managing customer and supplier relations

Answer 1

(c) Peter Kilby identified certain roles and functions of an entrepreneur in relation to the enterprise. Under the aspect of political administration, he identified three functions- dealing with public bureaucracy, managing human relations within the firm and managing customer and supplier relations. The function of ‘Introducing new production techniques and products’ was given in the aspect of technology.