1) Discuss the principles of an innovation process in entrepreneurship.
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1) Discuss the principles of an innovation process in entrepreneurship.
b) What are the factors that lead to starting up a business?
Step by step
Solved in 2 steps
- Enumerate five (5) qualities needed to succeed in an entrepreneurial environment and explain each.5. Discuss three factors which entrepreneurs consider as their business success?1- Explain how to develop your thinking skills and discuss two techniques applied for improving the creative process. 2- Discuss the ‘drawbacks’ of entrepreneurship.
- Creativity and innovation are vital components to entrepreneurial success. Innovation for a start-up is imperative. Why is it important to find a company on values that support innovation ?1. What do you understand by the term entrepreneurship, intrapreneurship, enterprise and entrepreneur? 2. What are the benefits of entrepreneurship? 3. Define Wage and Self-Employment 4. Distinguish between Wage and Self-Employment 5. Define Creativity and Innovation 6. What is the role of Creativity and IInnovation in entrepreneurship development? 7. What are the barriers to Creativity and Innovation?what is corporate entrepreneurship? Also, several corporations at present are working to reengineer corporate thinking and encourage an innovative environment. What types of steps would you recommend? Offer at least three and explain each.
- Many entrepreneurs take initiative and do market research on a business idea before starting the business, or before even deciding to pursue the idea at all. Do you feel this is a good idea? Why or why not?1) What can you learned about entrepreneurship and owning your own business? 2) what skills do you think a successful entrepreneurship should have? 3) what are the pros and cons of owning your own business? 4) how can both market and management factors affect the growth of a new venture?What is an entrepreneurial business?
- Entrepreneurial challenges that a new business can encounter in the first year of activity. How can an entrepreneur overcome these challenges.Describe how attitudes, competition, financial management, preparation and people management impact the success and failure of entrepreneurs2. Identify key entrepreneurial theories and link the theories to successful entrepreneurial practice3. Describe the process of identifying, developing and implementing a business idea4. Outline the principles and processes of strategic managementWhat are the 5 steps in the pursuit of an entrepreneurial procedure?