Explain the challenges involved in new-venture development. Many entrepreneurs lack objectivity and have no real insight into the market. Why are these characteristics considered pitfalls of selecting new ventures? Identify and discuss two examples of financial difficulties that can cause a venture to fail. List four major types of problems that new ventures confront.

Answer rating: 100% (QA)

Challenges in NewVenture Development 1 Lack of Objectivity Many entrepreneurs may be overly optimistic about their new venture ideas and may not criti... View the full answer