The dynamic states model depicts ventures as

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The dynamic states model emphasizes that ventures are dependent on their environment for survival, as the environment provides resources, opportunities, and constraints that affect the venture's ability to create value and sustain itself over time. The model also suggests that ventures need to balance different states or stages of development to maintain a fit with their environment and achieve long-term success. While managerial talent is important in shaping the direction and outcomes of a venture, it is not sufficient in itself to ensure survival and growth.

The Dynamic States Model Depicts Ventures as