involves the identification and exploitation of new business opportunities.1 It
can be found at different levels across all types and sizes of firm, but it is
the ability and willingness to start a new business and develop it through its
early stages that is considered here. Measures designed to encourage the
creation and growth of new firms have become an increasingly important focus of
policy in most developed economies.
the ability to seize new business
opportunities and implement them effectively.
· Finance – new business ventures require finance for
Last updated on 22 October 2002