Success in highly competitive business environments depends on __________.

Question

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Entrepreneurship is the ability to identify opportunities and take risks to create innovative solutions and products that meet the needs of customers. This is essential for success in highly competitive business environments, as it allows businesses to differentiate themselves and stay ahead of the competition. Venture capitalists and access to wealthy investors can be helpful, but they are not necessary for success. Establishing a corporate form of ownership and minimizing risk are important, but without entrepreneurship, a business is unlikely to thrive in a competitive environment.

Success in Highly Competitive Business Environments Depends on __________