INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ideation
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preservation
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innovation
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creation
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Detailed explanation-1: -Ideation is the process of forming ideas from conception to implementation, most often in a business setting. Ideation is expressed via graphical, written, or verbal methods, and arises from past or present knowledge, influences, opinions, experiences, and personal convictions.
Detailed explanation-2: -The phases of entrepreneurship are: Idea, decision, proof, growth, and long-term plan. What each phase looks like depends on the industry, type of company, approach to entrepreneurship (ie. Risk-averse vs. Risk taker), and your decisions along the way.
Detailed explanation-3: -4 components in the entrepreneurial process are Idea generation, decision making and business planning, project creation and management and control.