How does environment play an important role for entrepreneurship?
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Explanation:
Importance of Environment. Sensitivity to environmental factors is crucial for an entrepreneur. ... Environment also play an important role in the success and growth of an existing enterprise. If a company is able to adapt to its environment, it would succeed in the long-run.
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Environmental plays a crucial role in setting up of an enterprise because of the influence of various environmental factors as described below:
1. Development and institutional factors
2. Economic factors
3. financial factors
4. Social and cultural factors
5. political factors
6. Legal factors
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