How Do You Define Opportunity?

How Do You Define Opportunity?

  Advertisement   Opportunity. An opportunity may be defined as an attractive project idea, which an entrepreneur accepts as a basis for his investment decision. Good business ideas must be capable of being converted into feasible projects business. Opportunities need to be analyzed from various criteria like good market...

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What Do You Mean By Project Evaluation?

What Do You Mean By Project Evaluation?

  Explain in brief Project Evaluation. Project Evaluation means to find out the total impact of the project on the economy of the nation apart from looking into the financial viability of a project in the form of investments, costs and benefits which accrue to the project directly. The...

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What Is Meant By Project Formulation?

What Is Meant By Project Formulation?

    What do you mean by Project Formulation? Project formulation is defined as “taking a first look carefully and critically at a project idea by an entrepreneur to build up an all-round beneficial to the project after carefully weighing its various components. In short Project Formulation is a...

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What Do You Mean By Franchising?

What Do You Mean By Franchising?

      Franchising is a vertical co-operatively organized sales system of legally independent entrepreneurs based on an ongoing contractual obligation. This system has a uniform market identity and is characterized by a work sharing performance of franchises instruction and control system that ensures behavior in conformance with the...

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What Do You Mean By Outsourcing?

What Do You Mean By Outsourcing?

    Outsourcing is defined as transfer or delegation to an external service provider, the operation and day-to-day management of a business process. The customer receives a service that performs a distinct business function that fits into the customer’s overall business operation. There are two types of outsourcing, “Traditional...

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What Is The Meaning of Industrial Management Course?

What Is The Meaning of Industrial Management Course?

    Explain the Industrial Management Course. This course is of about three months duration covering the functional areas of management. These are part-time courses, conducted in the s and are designed for the owners of small-business and their supervisory staff. The course is highly practical and includes subject...

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What Is The Meaning of The Achievement Motivation?

What Is The Meaning of The Achievement Motivation?

      Achievement Motivation: According to the theory of Achievement Motivation an Individuals need for achievement refers to the need for personal accomplishment. It is the drive to excel, to strive for success and to achieve in relation to a set of standards. People with high achievement motive...

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What Is The Meaning of Classical Entrepreneurs?

What Is The Meaning of Classical Entrepreneurs?

      Explain Classical Entrepreneurs. Ans.: A Classical Entrepreneur is one who is concerned with the customer and marketing needs through the development of self -supporting venture. He is a stereo type entrepreneur whose aim is to maximise the economic returns at a level constant of the firm...

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What Is The Meaning of Growth And Super-Growth Entrepreneurs?

What Is The Meaning of Growth And Super-Growth Entrepreneurs?

    What do you mean by growth and super-growth entrepreneurs? Growth Entrepreneurs are those who necessarily take up a high growth industry that has growth prospects. Super growth Entrepreneurs show enormous growth prospects. The growth prospects is identified by liquidity of funds.    

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