Phases of Entrepreneurial Process
CMAT 2022 · Innovation & Entrepreneurship · Medium · Entrepreneurship Process
The five phases of the entrepreneurial process are:
- A.
Opportunity evaluation, planning, idea generation, growth, company formation/launch
- B.
Idea generation, growth, opportunity evaluation, planning, company formation/launch
- C.
Idea generation, growth, company formation/launch, opportunity evaluation,planning
- D.
Idea generation, opportunity evaluation, planning, company formation/launch, growth
Answer
D
Explanation
The chronological sequence of the entrepreneurial process is:
- Idea generation
- Opportunity evaluation
- Business planning
- Company formation/launch
- Managing growth
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