Final answer:
It is true that both managers and entrepreneurs share a desire to get things done quickly. Entrepreneurs are known for taking calculated risks in order to innovate, while managers focus on effectively achieving the organization's goals. Both benefit from being decisive, especially in the context of the business cycle and economic challenges.
Step-by-step explanation:
The statement that both managers and entrepreneurs commonly share a desire to get things done quickly is true. Managers and entrepreneurs are driven by the accomplishment of goals, although their approaches may significantly differ.
Entrepreneurs are known for their willingness to take risks and innovate when starting a business, as they organize productive resources and provide investment with an understanding of the potential risks and benefits involved. They are often seen as authoritarian leaders, like Mark Zuckerberg, who may make decisions quickly and with authority.
On the other hand, managers may also act quickly to meet the goals of an organization and maintain effective operations.
Both sole proprietorships and corporations can benefit from leaders who are decisive and have a sense of urgency, which can help in navigating through various phases of the business cycle.
This sense of urgency can be crucial in responding to challenges such as inflation and unemployment, maintaining productivity, and ultimately contributing to the Gross Domestic Product. However, a balance must be struck between the speed of decision-making and the quality of those decisions, ensuring long-term success.