ENTREPRENEURSHIP

Detailed explanation-1: -A window of opportunity is a short, often fleeting time period during which a rare and desired action can be taken. Once the window closes, the opportunity may never come again.

Detailed explanation-2: -The five stages of opportunity recognition process include getting an idea, opportunity identification, opportunity development, opportunity evaluation, and team assessment. An entrepreneur must follow these stages effectively for a successful business.

Detailed explanation-3: -According to Professor Wickham; the concept strategic window of opportunity is a process that begins with spotting the window, then locating the window, measuring the window, opening the window and finally closing the window.

Detailed explanation-4: -Speak to prospects you’ve lost. or potential prospects full stop. Talk to current customers. Competitor analysis. Understand the market. Explore indirect opportunities. Look at environmental factors. Analyse foreign markets. Investigate other industries. 05-Sept-2019