When facing a cash crunch, Shruti explores creative funding options like crowdfunding. This shows her:
A) Lack of planning
B) Dependence on external help
C) Resistance to growth
D) Strategic thinking
Answer (2)
In facing a cash crunch, Shruti's exploration of crowdfunding demonstrates strategic thinking. Instead of relying on traditional funding methods, she looks for creative solutions to solve her financial issues. This proactive approach showcases her innovative mindset in addressing challenges.
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The situation described in the question relates to Shruti facing a cash crunch and exploring creative funding options such as crowdfunding. Let's evaluate each option given in the context and determine which one best describes Shruti's action:
A) Lack of planning : This option suggests that Shruti did not plan her finances well, leading to a cash crunch. However, the action of exploring crowdfunding as a solution indicates proactive behavior rather than poor planning, so this option does not fit well.
B) Dependence on external help : While crowdfunding does involve seeking funds from external sources, it does not necessarily indicate unhealthy dependence. Crowdfunding is a viable and often strategic choice for businesses to raise funds, especially when traditional funding sources are not accessible.
C) Resistance to growth : This option implies a reluctance to expand or develop. Shruti's creativity and openness to using crowdfunding contradict this interpretation, as she is actively seeking ways to address her financial situation to possibly maintain or grow her venture.
D) Strategic thinking : This option aligns well with the situation. By exploring creative funding options like crowdfunding, Shruti demonstrates the ability to think outside the box and strategically leverage modern technology and social networks to solve financial challenges. Strategic thinking involves identifying and evaluating multiple possibilities to make informed decisions which Shruti is doing here, making this the most appropriate choice.
Therefore, the correct answer is D) Strategic thinking.
