INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Competition
|
|
|
Changes in perception
|
|
|
Demographics
|
|
|
The unexpected
|
|
|
The incongruous
|
Detailed explanation-1: -The correct answer is Policy Documents.
Detailed explanation-2: -Lists the seven sources as: the unexpected; incongruities; process need; industry and market structure-all the above symptoms; demographics, changes in perception; and new knowledge-all external. Discusses these in full and leads to certain assumptions and conclusions.
Detailed explanation-3: -Opportunities can originate from sources such as advertisements, referral from partners and resellers, trade shows, marketing promotions and others.
Detailed explanation-4: -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-5: -The Unexpected. Opportunities frequently come from unexpected sources. Industry and Market Disparities. Incongruities. Process Vulnerabilities. Demographic Shifts. Changes in Perception. New Knowledge. 16-May-2017