INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are key sources of ideas?I. InterestsII. TechnologyIII. Market knowledgeIV. Product knowledge
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l and ll only
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lll and lV only
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ll and lV only
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I, II, III and IV
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Explanation:
Detailed explanation-1: -Sources of Innovation Four such areas of opportunity exist within an organziation or industry: unexpected successes and failures, incongruities, process needs, and industry and market changes.
Detailed explanation-2: -The following approaches to generate business ideas can be used by an entrepreneur while exploring the different sources of business ideas: (i)Brainstorming. (ii)New ways of doing old things. (iii)Converting hobby into business. (iv)Improving an existing product.
Detailed explanation-3: -Hobby. Complaints. Exhibitions. Experience. Brainstorming. Surveys. Mass media etc…
There is 1 question to complete.