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How Entrepreneurs Spot Business Opportunities
How Entrepreneurs Spot Business Opportunities
One of the tenets of entrepreneurship is the ability to create new and useful ideas that solve the problems and challenges people face every day. “Entrepreneurs innovate,” said management legend Peter Drucker. “Innovation is the special instrument of entrepreneurship.” Entrepreneurs achieve success by creating value in the marketplace when they combine resources in new and different ways to gain a competitive edge over rivals.
- Explain how entrepreneurs spot business opportunities?
No longer are small businesses limited to pursuing customers within their own borders. The dramatic shift to a global economy has opened the door to tremendous business opportunities for those entrepreneurs willing to reach across the globe.
- Discuss the role of information technology as one driver of such dramatic shift?
The field of entrepreneurship is experiencing incredible rates of growth around the world. People of all ages, backgrounds, and nationalities are launching businesses of their own and, in the process, are reshaping the global economy.
- As you currently studying Entrepreneurship and Effective Small Business Management Course (MGT-402), List the most 6 important knowledge points that you have learned so far (MGT_402 Added Value)?
