_____ requires an entrepreneur to assess whether the situation faced is one that is the same as it has been traditionally or if it is changing.

Question

Quizplus · Accepted Answer

The opportunity identification process involves evaluating whether the current situation is traditional or changing in order to identify potential opportunities for innovation and entrepreneurship. Business process modeling pertains to analyzing and improving existing business processes, while pilot testing involves testing a new product or service in a limited market. Radical innovation strategy refers to pursuing breakthrough innovations with high risk and high reward potential.

_____ Requires an Entrepreneur to Assess Whether the Situation Faced