INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the identification of a good idea.
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the identification of a bad idea.
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the identification of a problem.
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the identification of a solutions.
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Detailed explanation-1: -Opportunity identification is central to entrepreneurship. The first step for any entrepreneur is to identify a good idea. This involves the creative pursuit of ideas and the innovation process. The search for good ideas is never easy, however, opportunity recognition can lead to both personal and societal wealth.
Detailed explanation-2: -Your first step in learning how to start a business is to identify a problem and solution. This is because successful startups begin from business ideas that fill the needs of a group of customers.
Detailed explanation-3: -To plan for an entrepreneurial journey, you should first conduct some preliminary research regarding your venture idea. Your research must be honest and objective if it is to give you a clear picture of the venture. Next, you might organize and prioritize your research and thoughts.