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 is NOT an area in the implementation and management of the venture?
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Protection of creativity and innovation
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Monitoring of performance
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Payback of resource providers
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Reinvestment in the business
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Explanation:
Detailed explanation-1: -Figure 1 shows the venture creation process, which involves three stages; exploration, planning and launch. This is similar to Shane’s (2003) model of opportunity identification, assessment and exploitation.
Detailed explanation-2: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-3: -Deciding to Become an Entrepreneur : Developing Successful Business Ideas : Moving from an Idea to an Entrepreneurial Firm : Managing and Growing the Enterprise : 29-May-2022
There is 1 question to complete.