BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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good ideas, a team of investors, and a business plan
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a viable opportunity, available resources, and a qualified and motivated founding team
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an opportunity, a marketing plan, and office space
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management, marketing, and money
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Detailed explanation-1: -Three ingredients are critical in order for an entrepreneurial startup to be successful. What are they? A viable opportunity, available resources, and a qualified and motivated founding team.-an entrepreneur or entrepreneurial team willing and able to undertake the opportunity.
Detailed explanation-2: -In conclusion, there are many key ingredients of success for a startup, but financing and investors are among the most important. A solid business plan, experienced team members, wise use of funds, and strong exit options are all essential for attracting venture capital funding and ensuring success in the long run.
Detailed explanation-3: -The entrepreneurial process consists of four steps: deciding to become an entrepreneur, developing successful business ideas, moving from an idea to an entrepreneurial firm, and divesting or selling the entrepreneurial firm.
Detailed explanation-4: -Opportunity recognition is a process through which entrepreneurs and businesses identify potential methods of growing their ideas or beginning new ventures.