INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Development of the business plan
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Management of the resulting enterprise
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Identification and evaluation of the opportunity
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Development of a stable infrastructure
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Detailed explanation-1: -The “Five Stages of Entrepreneurship” is a simple framework that helps new founders to understand the entrepreneurship journey. The stages include ideation, planning, execution, scaling, and hypergrowth.
Detailed explanation-2: -Question: Which of the following is not a step of the entrepreneurial process? Answer: Inventing a new product or process Explanation: The entrepreneurial process can be divided into five stages: concept creation, opportunity assessment, planning, bu…
Detailed explanation-3: -Analyzing the industry is not a stage of the entrepreneurial process.
Detailed explanation-4: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019