Insight is the flash of recognition – when the solution to a problem is seen or an idea is born. It is sometimes called the “cureka” experience. In a business context, this is the moment an entrepreneur recognizes an opportunity. Sometimes this experience pushes the process forward, and sometimes it prompts an individual to return to the preparation stage. For example, an entrepreneur may recognize the potential for n opportunity but many feel that more knowledge and thought is required before pursuing it.

Webster Dictionary Meaning

1. Insight
- A sight or view of the interior of anything; a deep inspection or view; introspection; -- frequently used with into.
- Power of acute observation and deduction; penetration; discernment; perception.
Share it:  Cite

More from this Section

  • Board of Directors
    A board of directors is a panel of individuals elected by a corporation’s shareholders ...
  • Certification marks
    Certification marks are marks, words, names, symbols, or devices used by a person other ...
  • Constant ratio method of forecasting
    Constant ratio method of forecasting refers to a forecasting approach using the percent-of-sales ...
  • Franchisor
    Franchisor refers to a firm with a successful product or service that enters into a franchising ...
  • Distribution channel
    A distribution channel is the route a product takes from the place it is made to the customer ...