When entrepreneurial processes are institutionalized through the governance structures and policies it promotes growth and change activities.

Question

Quizplus · Accepted Answer

When entrepreneurial processes are institutionalized, they become part of the formal governance structures and policies. This helps to promote growth and change activities as there is support and resources available to encourage and nurture entrepreneurship. Institutions can also provide access to funding, networks, and knowledge which can help entrepreneurs to grow and thrive. Thus, the statement is true.

When Entrepreneurial Processes Are Institutionalized Through the Governance Structures and Policies