Uber. Facebook. WhatsApp. Instagram. Tales of billion-dollar acquisitions and life-changing business deals on a world scale have succeeded in drawing the young and the young-at-heart to what is arguably the world’s most attractive business profession – technology entrepreneurship. Similar to …
In the real business world, it is not smooth sailing which is why many businesses fail. There is the risk that a business, especially a new business, will fail which will make the entrepreneur suffer the loss of the capital …
Evaluating Environmental Factors The business environment refers to the set of political, economic, social, technological, environmental, and legal forces that can promote, nurture, constrain and kill businesses in a given territory and market. A PESTEL (political, economic, sociocultural, technological, environmental, …
When an industry with a reputation for difficult economies meets a manager with a reputation for excellence, it is usually the industry that keeps its reputation.” Warren Buffet Why Industry Analysis? Why should you, as an entrepreneur, be interested in …
To win in the marketplace on a sustainable basis, you have to choose a game plan (from among the many options) by matching the external opportunities with your distinctive internal competencies. One must, however, not take ‘’exploiting distinctive competencies’’ as …
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