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entrepreneurial process
  • cole likey

  • 問題数 24 • 3/24/2024

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    問題一覧

  • 1

    This phase is where entrepreneurs generate and refine business ideas

    opportunity spotting and assessment

  • 2

    It estimate revenue, expenses, and profitability over a specific period

    financial projections

  • 3

    In this phase, an entrepreneur should calculate the resources needed to establish the business

    determining the capital needed

  • 4

    Entrepreneurs can brainstorm ideas individually or in teams, conduct market research to identify gaps and trends and seek feedback from potential customers and industry experts

    opportunity spotting and assessment

  • 5

    They help entrepreneurs understand the financial viability and funding requirements of the business

    financial projections

  • 6

    It is the stage where entrepreneurs create a detailed roadmap for their venture

    developing a business plan

  • 7

    A comprehensive paper that details the marketing, operational, human resource, financial, strategic direction, and tactics of the business

    business plan

  • 8

    The functions of entrepreneurs entail recognizing opportunities, managing resources, and driving innovation to fulfil market needs and propel business success

    the entrepreneurial process

  • 9

    It outlines the target customer segments, value proposition, revenue streams, and cost structure

    business model

  • 10

    It is an entrepreneur’s business idea that can potentially become a commercial product or service in the future

    opportunities

  • 11

    This stage requires effective project management, resource allocation, and adaptability to navigate challenges and capitalize on opportunities

    running the business

  • 12

    It involves identifying a problem or opportunity in the market and developing innovative solutions

    opportunity spotting and assessment

  • 13

    It involves identifying a market opportunity, developing a viable business concept, planning and launching the business, and managing its growth

    the entrepreneurial process

  • 14

    It outlines how the product or service will be positioned, promoted, and distributed to reach the target market effectively

    marketing strategy

  • 15

    This stage is where entrepreneurs transform their plans into action

    running the business

  • 16

    It is a dynamic voyage filled with ideation, strategic planning, execution, and growth

    the entrepreneurial process

  • 17

    Beginning of the process and considered as the most difficult phase

    opportunity spotting and assessment

  • 18

    It is the core guide and direction of the entrepreneur

    developing a business plan

  • 19

    Should carefully assess these opportunities

    opportunity spotting and assessment

  • 20

    Creativity, market awareness, and customer needs are crucial during this stage

    opportunity spotting and assessment

  • 21

    The goal is to build a wide range of ideas and evaluate their feasibility and potential for success

    opportunity spotting and assessment

  • 22

    It involves developing a business model, crafting a marketing strategy, establishing financial projections, and setting operational goals

    developing a business plan

  • 23

    Should take note of interesting trends in environment

    opportunity spotting and assessment

  • 24

    It involves building a team, developing products or services, and launching the business

    running the business