According to research studied, what element was reported as the most important factor to new venture success?
A)the uniqueness of the product or service to fulfill a customer need
B)the financial support to help the company through the initial years
C)the lead entrepreneur and quality of the initial team
D)the lead entrepreneur

Question

Quizplus · Accepted Answer

Studies show that the lead entrepreneur and the quality of the initial team are the most important factors in new venture success. While having a unique product or service and financial support are also important, the skills and abilities of the lead entrepreneur and team members ultimately determine whether the company can execute on its business plan and succeed in the long term.

According to Research Studied, What Element Was Reported as the Most