INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A viable exit strategy
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Assessment of the entrepreneur and the team
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The source of capital
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Description of the product or service
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Detailed explanation-1: -Opt for an opportunity assessment When done properly, an opportunity assessment collates and analyzes data to identify opportunities for growth and delivers a strategy to accomplish your growth objectives and goals. It’s underpinned by a commitment to transparency and alignment through approval checkpoints.
Detailed explanation-2: -The Opportunity Assessment Process is composed of three activities (Idea Generation, Idea Structuring, and Process Closure) and a decision checkpoint (Opportunity Assessment Approval). Each of these activities, as well as the decision checkpoint, has associated tasks.
Detailed explanation-3: -The second major section of the opportunity assessment plan focuses on the market-its size, trends, characteristics, and growth rate. The third section focuses on the entrepreneur and the management team in terms of their background, education, skills, and experience.