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Explain three major reasons why new ventures fail.
Physical Development
The development beginning in early childhood and extending into late adolescence, focusing on the improvement of both gross and fine motor abilities along with pubertal changes.
Cognitive Development
The process by which a person perceives, thinks, and gains understanding of his or her world through the interaction and influence of genetic and learned factors.
Emotional Development
The process through which individuals learn to recognize, understand, express, and manage emotions.
Preoperational Stage
A phase in Jean Piaget's theory of cognitive development (from approximately 2 to 7 years of age) where children are unable to perform logical mental operations but develop memory and imagination.
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