Opportunity recognition refers to the process of perceiving the possibility of a profitable new business or a new product or service. That is, an opportunity cannot be taken until it’s recognized.
More from this Section
- Follow-on funding
Follow-on funding means the additional funding for a firm following the initial investment made by investors.
- Trade show
Trade show is an event at which the goods or services in a specific industry are exhibited and demonstrated. Members of the media often attend trade show to get the latest...
An idea is a thought, an impression, or a notion.
- International new ventures
International new ventures are businesses that, form inception, seek to derive significant competitive advantage by using their resources to sell products or services in multiple countries.
- Assumptions Sheet
Assumption sheet is an explanation of the most critical assumptions based on general information, and no specific sources will be cited to substantiate assumption.
A brand is the set of attributes positive or negative- that people associate with a company. These attributes can be positive, such as trustworthy, innovative, dependable...
A patent is a grant from the government conferring the rights to exclude others from making, selling, or using an invention for the term of the patent.