ENTREPRENEURSHIP

Detailed explanation-1: -The Entrepreneurial Discovery Process is about prioritising investments based on an inclusive and evidence-based process driven by stakeholders’ engagement and attention to market dynamics.

Detailed explanation-2: -During the discovery phase, an opportunity is identified and evaluated. It is critical because it sets the stage for developing a business plan, procuring the required resources, and establishing a new venture dedicated to the exploitation of that opportunity.

Detailed explanation-3: -Thus the four stages of the entrepreneurial process are defined as follows: 1. Innovation, which includes generating the idea, innovation, identifying a market opportunity, information search, conception, screening ideas for feasibility, identifying where to extract value and the development of the product or service.

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