INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the purpose of the actualization stage in the entrepreneurial process?
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To evaluate the potential success of a business idea
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To identify and acquire necessary resources for a new venture
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To develop a detailed business plan
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To operate the business and achieve its goals
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Explanation:
Detailed explanation-1: -Actualization: The stage in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives. The stage in which the entrepreneur decides on venture’s future growth, development, or demise. A written description of the purpose of a company and the management’s philosophy.
Detailed explanation-2: -Actualization – The stage in the entrepreneurial process in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives.
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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