After identifying entrepreneurial opportunities, entrepreneurs turn their attention to

Question

Quizplus · Accepted Answer

Once entrepreneurs have identified opportunities, they must develop capabilities to create competitive advantages required to make a profit from them. This involves building the necessary skills and resources to differentiate their offerings from competitors and establish a sustainable position in the market. Analyzing the competitive environment (A) is important but is typically done before identifying opportunities. Selecting a willing partner (C) is not always necessary or feasible, and identifying the next opportunity (D) is not the immediate priority after identifying an opportunity.

After Identifying Entrepreneurial Opportunities, Entrepreneurs Turn Their Attention to