it is important to understand entrepreneurial models which can aid in success. Referring to the Ardichvili-Cardozo-Ray model, state and explain the five (5) major factors that influence the way opportunities are identified and developed by entrepreneurs?
it is important to understand entrepreneurial models which can aid in
success.
Referring to the Ardichvili-Cardozo-Ray model, state and explain the five (5) major factors that influence the
way opportunities are identified and developed by entrepreneurs?
Entrepreneurship is a challenging yet rewarding journey. It is no surprise that many aspiring entrepreneurs fail to make their mark in the industry due to the lack of knowledge and understanding of the necessary factors that will lead to success. The Ardichvili-Cardozo-Ray model provides an insight into the five major factors that influence the way opportunities are identified and developed by entrepreneurs, which are need recognition, creativity and innovation, resourcefulness, risk taking and persistence. This artical aims to provide an in-depth explanation of each of these five factors and how they contribute to the success of an entrepreneurial venture.
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