ENTREPRENEURSHIP

Detailed explanation-1: -Actualization: The stage in the entrepreneurial process in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives. Harvesting: The stage in the entrepreneurial process in which the entrepreneur decides on the venture’s future (growth, development, demise).

Detailed explanation-2: -The four stages of the venture lifecycle in order are Establish Venture, Build Product, Market Launch and Customer Success. These represent the 4 major milestones in the life of a venture.

Detailed explanation-3: -The five stages of opportunity recognition process include getting an idea, opportunity identification, opportunity development, opportunity evaluation, and team assessment. An entrepreneur must follow these stages effectively for a successful business.

Detailed explanation-4: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019