Question

Describe the steps involved in business opportunity identification and selection

Answer 1

Step 1:Identify Your Business and Personal.

Step 2:Research Your Favourite Industries.

Step 3:Identify Promising Industry Segments.

Step 4: Identify Problem Areas and Brainstorm.

Step 5:Compare Possible Solutions with Your.

Step 6:Focus on the Most Promising.

Answer 2

Answer:

steps involved in business opportunity identification and selection

Explanation:

The opportunity identification stage can be divided into five main steps namely

• getting the idea/scanning the environment,
• identifying the opportunity,
• developing the opportunity,
• evaluating the opportunity
• evaluating the team

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