At Each of the Different Stages of Developing a New

At each of the different stages of developing a new venture there are different significant challenges to overcome in order to make a successful transition to the next stage, what the researchers call "critical junctures". Which of the following is not normally such a critical transition?

A) Entrepreneurial commitment - persistence that bind the venture champion to the emerging business venture.
B) Venture credibility - of the venture team, key customers and other social capital and relationships.
C) Resource availability - access to the necessary financial resources.
D) Opportunity recognition - the ability to connect know-how to a commercial application.