What are the Key Components of Entrepreneurial Activity?
Opportunity Recognition: Identifying a gap or a need in the market that can be translated into a viable business idea. Resource Mobilization: Gathering the necessary resources, such as capital, talent, and technology, to launch and sustain the business. Risk Management: Assessing and mitigating the potential risks associated with the business venture. Execution: Implementing the business plan and continuously refining strategies based on market feedback.