Podcast
Questions and Answers
Opportunity screening is the final step in the 3S of opportunity spotting.
Opportunity screening is the final step in the 3S of opportunity spotting.
False (B)
Opportunity seeking is the first step that must be taken by an entrepreneur.
Opportunity seeking is the first step that must be taken by an entrepreneur.
True (A)
All three steps of opportunity spotting are necessary to identify business opportunities.
All three steps of opportunity spotting are necessary to identify business opportunities.
True (A)
Opportunity seizing involves the analysis of business opportunities.
Opportunity seizing involves the analysis of business opportunities.
Budding entrepreneurs do not need to follow the 3S framework.
Budding entrepreneurs do not need to follow the 3S framework.
Flashcards
Opportunity Seeking
Opportunity Seeking
The initial step in entrepreneurship, identifying potential business opportunities.
Opportunity Screening
Opportunity Screening
Evaluating potential opportunities to identify viable options.
Opportunity Seizing
Opportunity Seizing
Taking action on a selected business opportunity.
3S of Opportunity
3S of Opportunity
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Entrepreneurial Imperatives
Entrepreneurial Imperatives
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Study Notes
Unit 3: Business Opportunity Seeking, Screening, and Seizing
- The unit focuses on entrepreneurship and identifying business opportunities.
- Lesson 1 focuses on opportunity seeking.
- The 3 steps for spotting opportunities are:
- Opportunity seeking
- Opportunity screening
- Opportunity seizing
- Opportunity seeking is the first step in identifying a business opportunity.
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