Asked by Ashley Rosario on Jun 04, 2024
Verified
Entrepreneurship results in the creation,enhancement,realization,and renewal of value,not just for owners,but for all participants and stakeholders.
Realization
The moment when a planned or expected outcome becomes reality, often used in the context of recognizing revenue or gains in business.
Stakeholders
Individuals or groups that have an interest, concern, or stake in an organization and its activities, including employees, customers, suppliers, investors, and the community.
- Comprehend the value creation and renewal process in entrepreneurship for stakeholders.
Verified Answer
JC
Jimmy CostelloJun 09, 2024
Final Answer :
True
Explanation :
This statement is true as entrepreneurship involves identifying opportunities to create new value through innovation, meeting the needs of customers and stakeholders, and driving economic growth and development. Successful entrepreneurship results in the creation and enhancement of value for all participants, including not just owners but also employees, customers, suppliers, and the broader community. Additionally, entrepreneurship can bring about positive social and environmental impacts, ensuring that value is created and renewed in a sustainable manner.
Learning Objectives
- Comprehend the value creation and renewal process in entrepreneurship for stakeholders.
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