Advertisements
Advertisements
Question
What are the factors involved in sensing opportunities?
Solution
The most important factors involved in the process are :
(i)Ability to perceive and preserve basic ideas which could be used commercially,
(ii)Ability to harness different sources of information,
(iii)Vision and creativity.
APPEARS IN
RELATED QUESTIONS
What factors are involved in the process of sensing an entrepreneurial opportunity?
Enlist the various sources which lead to the emergence of basic ideas.
“Sensitivity to environmental factors is essential for an entrepreneur.” In light of above statement explain the importance of environment scanning.
Elaborate the factors involved in sensing opportunities.
An entrepreneur perceives opportunities, synthesizes the available information and analysis emerging patterns so that it can be shared and supported by all customers, partners, employees and suppliers. Comment on any two factors involved.