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In Scenario 2-2, at which stage in the start-up process model will Jenny begin her part in this new venture?
A) implementation
B) innovation
C) growth
D) triggering event
Start-Up Process Model
A framework outlining the steps and stages involved in launching a new business venture, from idea conception to market entry.
Implementation
The execution of a plan, idea, or policy to ensure that its intended effects are fully realized in practice.
Innovation
The process of introducing new ideas, devices, or methods to create value or solve problems, often leading to improvements in efficiency, products, or services.
- Recognize the phases of the start-up process model and the criteria associated with each phase.
- Identify the differences between entrepreneurs and small business managers or owners.
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Learning Objectives
- Recognize the phases of the start-up process model and the criteria associated with each phase.
- Identify the differences between entrepreneurs and small business managers or owners.
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