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What Are the Stages Described in the Model of the Entrepreneurial

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Essay

What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?


Definitions:

Relational Approach

A method focusing on building long-term relationships and engagement with customers or stakeholders rather than transactional interactions.

Public Diplomacy

The means by which a government communicates and fosters a public foreign policy that aims at informing and influencing foreign audiences.

Non-governmental Organizations

Independent organizations not affiliated with governments, often focused on addressing social, environmental, or political issues.

Global Middle Class

A socioeconomic group between the working class and upper class, expanding globally due to increased economic growth and income levels worldwide.

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