Asked by Sheryl Kambuni on Jul 12, 2024
Verified
Why is the 10-step process not enough for entrepreneurial ventures?
A) It relies too much on past history to predict the future.
B) It only works for small businesses.
C) It's too fluid.
D) It's too complex.
10-Step Process
A systematic approach or methodology broken down into ten sequential steps to achieve a specific goal or complete a task.
Entrepreneurial Ventures
Initiatives that involve recognizing and exploiting business opportunities, leading to the creation and management of a new business.
- Gain an understanding of the notion and relevance of continuous exercise in the progression of entrepreneurial skills.
- Identify the pragmatic elements of initiating a business, including the application of structured business plans.
Verified Answer
TE
Teeyahni EdouardJul 13, 2024
Final Answer :
A
Explanation :
The 10-step process for entrepreneurial ventures often relies heavily on analyzing past history and trends to predict future outcomes. However, the dynamic and unpredictable nature of entrepreneurial ventures means that past performance is not always a reliable indicator of future success, making this approach insufficient on its own.
Learning Objectives
- Gain an understanding of the notion and relevance of continuous exercise in the progression of entrepreneurial skills.
- Identify the pragmatic elements of initiating a business, including the application of structured business plans.
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