How a business opportunity differs from a business idea


Discuss the below in detail:

Q1. Describe an idea that you have for a business. Explain how it could satisfy a consumer need.

Q2. Explain how a business opportunity differs from a business idea.

Q3. Give an example of a change that has occurred or is about to occur in your area/neighborhood. Discuss any business opportunities this change might create.

Q4. List five business opportunities in your area/neighborhood and the need(s) each would satisfy. Note whether the opportunity you describe is internal, external, or a mix.

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Strategic Management: How a business opportunity differs from a business idea
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