Final answer:
The statement that Emotional Intelligence (EI) is not needed by entrepreneurs is false. EI is crucial for managing emotions, understanding others, leading teams, and adapting to change in entrepreneurial environments.
Step-by-step explanation:
The main answer to whether Emotional Intelligence (EI) is not needed by an entrepreneur because innovative entrepreneurs never have to deal with ambiguity or pivot to deal with change is False. Emotional Intelligence is a crucial skill for entrepreneurs as it helps them manage their own emotions and understand those of others, which is vital when dealing with ambiguity and the need to pivot and adapt to change. Having high EI allows entrepreneurs to better navigate the social complexities of the workplace, lead and motivate others, and excel in their entrepreneurial endeavors in an ever-changing environment.Explanation in more than 100 words: Entrepreneurs frequently encounter uncertain situations and challenging scenarios where they must make decisions with incomplete information. This requires the ability to remain calm, assess situations with a clear mind, and communicate effectively with team members, customers, and investors. EI also plays a role in fostering resilience, enabling entrepreneurs to bounce back from setbacks and persist in the face of challenges. Additionally, EI is tied to effective leadership - an entrepreneur with high EI is better equipped to inspire, influence, and manage their team, which is critical for a startup's survival and growth.In conclusion, EI is not only necessary but arguably one of the most important skills an entrepreneur can have. It is foundational for dealing with the uncertainty and the fluid nature of starting and managing a new business venture.