INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
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The Timmons Model of Entrepreneurial Process best describes the four major necessary components in venture creation EXCEPT
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team
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founder
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resources
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marketing
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Explanation:
Detailed explanation-1: -Then we will introduce the Timmons Model, which highlights the essential components in the entrepreneurial process: opportunity evaluation, resource marshalling, and entrepreneurial team formation.
Detailed explanation-2: -The Timmons model of entrepreneurship discounts this notion and holds only three factors, a market driven opportunity, availability of a good team and adequate resources as critical requirements before starting the venture.
Detailed explanation-3: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019
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