New entrepreneurial firms are ____.

Question

Quizplus · Accepted Answer

New entrepreneurial firms are typically opportunity-seeking, meaning they are actively searching for new and innovative ways to create value and meet customer needs in the market. This is the primary driving force behind the establishment and growth of these firms, as they aim to fill gaps in the marketplace and establish a competitive advantage over existing firms. Implementation-seeking refers to businesses that focus on executing existing ideas, while alliance-seeking describes firms that are primarily focused on forming partnerships and strategic alliances with other businesses.

New Entrepreneurial Firms Are ____