Question

Explain the 'Vision and Creativity' factors involved in sensing opportunities.

Answer 1

1. Vision:

   • Refers to an entrepreneur’s ability to foresee future trends, needs, and market demands.
   • A strong vision enables entrepreneurs to identify opportunities that align with emerging societal or industry changes, paving the way for innovation.

2. Creativity:

   • It involves generating innovative ideas and thinking outside the box to develop unique solutions.
   • Creativity helps entrepreneurs transform identified opportunities into viable business concepts that stand out in the market.