BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Suppose an entrepreneur wants to start a new company or wants to build a company around an idea. Identify the key questions he/she would want to consider
|
|
1.I know what works and there is nothing new being offered in the market.
|
|
|
2. The technology is nothing for me; I know which technology can do what.
|
|
|
3. We have everything in place and with our knowledge nobody can come close to us.
|
|
|
4. People are independent to start on their own.Let me work to understand the key elements to effectively pursue this opportunity along with demand needs and our offering in line with resources available to us.
|
Explanation:
Detailed explanation-1: -Innovation entrepreneurship Innovative entrepreneurs create their businesses with the intent of bringing completely new products or new ideas to market.
Detailed explanation-2: -One of the best ways of identifying new business opportunities is to complete a SWOT analysis.
There is 1 question to complete.