Discuss How You Would Create a Business Opportunity

question 13

Essay

Discuss how you would create a business opportunity. What are the factors to consider, the sources of information you would value, changes to take into consideration, and so on? How is this an opportunity versus an idea?

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Definitions:

Innovative Ideas

Original and creative thoughts or proposals that aim to improve processes, products, or services.

Defined Roles

Specific, allocated functions or responsibilities assigned to individuals within a group or organization to facilitate effective operations.

Mutual Personality Conflict

A situation where individuals' personalities clash, leading to tensions and disagreements within personal or professional relationships.

Out-group

A group of individuals who are not part of the primary in-group, often perceived as different or outside the main group.