INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Also called the critical window, a window of opportunity is the short period of time within which some action can be taken that will achieve a desired outcome. Once this period is over, or the “window is closed, ‘’ the chance to take the opportunity is no longer possible.
Detailed explanation-2: -Window of opportunity – IPOs With some shares that might shoot up in price, there is a tiny window during the IPO before prices go sky high. This type of fleeting window of opportunity has become more common and critical since the advent of the Internet and the **IPOs of Google, Alibaba, Zynga, Twitter and Facebook.
Detailed explanation-3: -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-4: -A theory that the creation of entrepreneurship ideas is based on the approach of benefit from opportunities.