INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a political election
|
|
|
a company laying off employees
|
|
|
a seasonal snowfall
|
|
|
a change in global climate
|
Detailed explanation-1: -Which is a method for tamping down the initial excitement of a potentially “winning” idea during the ideation stage? Build a simple prototype and show it to members of the target market.
Detailed explanation-2: -The 3 most important purposes of a business plan are 1) to create an effective strategy for growth, 2) to determine your future financial needs, and 3) to attract investors (including angel investors and VC funding) and lenders.
Detailed explanation-3: -Step 1 – Initial Idea Exploration, Identification and Assessment. Step 2-Idea/Concept and Scenario/Model Deliberation and Assessment. Step 3-Go/No-Go Decision. Step 4 – Business Plan Preparation and Implementation. Step 5 – Business Operations. Conclusion.