INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which stage in the entrepreneurial process involves identifying and acquiring necessary resources for a new venture?
|
|
Discovery
|
|
|
Concept development
|
|
|
Resourcing
|
|
|
Actualization
|
Explanation:
Detailed explanation-1: -The “Five Stages of Entrepreneurship” is a simple framework that helps new founders to understand the entrepreneurship journey. The stages include ideation, planning, execution, scaling, and hypergrowth.
Detailed explanation-2: -Resourcing-stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.
Detailed explanation-3: -Step 4 : Planning-This is the plan place which involves researching and identifying resources needed to turn the idea into a viable venture.
There is 1 question to complete.