Podcast
Questions and Answers
What is the first step in the process of assessing a business idea?
What is the first step in the process of assessing a business idea?
- Go/No-Go Decision
- Business Plan Preparation and Implementation
- Idea/Concept and Model/Scenario Deliberation and Assessment
- Initial Idea Exploration, Identification and Assessment (correct)
Where can new business ideas come from, according to the text?
Where can new business ideas come from, according to the text?
- Market research reports
- Social media trends
- Board room of an existing business (correct)
- Competitors' strategies
What is the purpose of the five steps mentioned in the text?
What is the purpose of the five steps mentioned in the text?
- To guarantee success in business ventures
- To eliminate the need for efficient time management
- To increase the chance of success in business development (correct)
- To discourage the pursuit of new business ideas
What is Step 3 of the business development process?
What is Step 3 of the business development process?
What does the text highlight about following the five steps for business development?
What does the text highlight about following the five steps for business development?
What is the purpose of Step 3 in the business development process?
What is the purpose of Step 3 in the business development process?
Where can new business ideas come from, according to the text?
Where can new business ideas come from, according to the text?
What is the primary aim of following the five steps for business development?
What is the primary aim of following the five steps for business development?
What is the focus of Step 1 in the business development process?
What is the focus of Step 1 in the business development process?
What is the significance of Step 5 in the business development process?
What is the significance of Step 5 in the business development process?
Which step involves making a Go/No-Go decision?
Which step involves making a Go/No-Go decision?
Where can new business ideas come from according to the text?
Where can new business ideas come from according to the text?
What is the purpose of Step 4 in the business development process?
What is the purpose of Step 4 in the business development process?
What does following the five steps of business development process increase?
What does following the five steps of business development process increase?
What is the focus of Step 2 in the business development process?
What is the focus of Step 2 in the business development process?
