Explain how the combination of opportunities, resources, and entrepreneurs helps determine the character and strategic direction of an entrepreneurial firm.
Answer to relevant QuestionsWhat is the difference between discovery and evaluation in the process of opportunity recognition? Give an example of each. Explain the difference between strategic actions and tactical actions and provide examples of each. What are the main advantages of “contemporary” control systems over “traditional” control systems? What are the main differences between these two systems? The problems of many firms may be attributed to a “traditional” control system that failed to continuously monitor the environment and make necessary changes in their strategy and objectives. What companies are you ...When a firm expands its operations into foreign markets, what are the three most important factors to take into account in deciding what type of structure is most appropriate? What are the types of international structures ...
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