Question

Importance of opportunity identification in enterpreneurship

Answer 1

It identifies entrepreneur's personality traits, social networks, and prior knowledge as antecedents of entrepreneurial alertness to business opportunities. Entrepreneurial alertness, in its turn, is a necessary condition for the success of the opportunity identification triad: recognition, development, and evaluation.

Answer 2

• Entrepreneurs are business

Eg :- Mukesh ambani , ekta Kapoor

etc.✔

• Entrepreneurs promotes employment capital Formation.✔

• Providing large scale employment.✔

• Entrepreneurship helps to increase GDP(goods deliver products)✔

• It promote country's export trade.✔