The practice of and ability to seize upon novel opportunities that become apparent during the conduct of business is known as:

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The practice of and ability to seize upon novel opportunities that become apparent during the conduct of business is known as leveraging contingencies. This involves adapting quickly to changing circumstances and getting the most out of unexpected situations. Bricolage is a similar concept but refers to making use of whatever materials and resources are available in a creative and resourceful way. Bootstrapping refers to starting and growing a business without external funding, while causal reasoning refers to understanding the cause-and-effect relationships underlying business decisions.

The Practice of and Ability to Seize Upon Novel Opportunities