What are the Types of Knowledge in Entrepreneurship?
Knowledge in entrepreneurship can be categorized into several types, including:
Market Knowledge: Understanding customer needs, market size, competition, and industry trends. Technical Knowledge: Expertise in the specific technology or processes that the business relies on. Managerial Knowledge: Skills related to managing people, operations, finances, and strategic planning. Legal Knowledge: Awareness of legal requirements, intellectual property rights, and regulatory considerations. Financial Knowledge: Understanding financial statements, funding options, investment strategies, and budgeting.