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Management Studies

Business Idea - Discussion

Assessment Brief-

Study the information specified in the succeeding figure below to answer this assessment

Required Tasks: a. Business ideas are based from any of those mentioned in the figure of cycle sources given above. Explain the implication, how each can be a source business idea?

b. From the sources of business ideas in the cycle above, where you will get your own business idea? Justify your answer, why?

c. From your answer in task B, what business idea you can generate? Support your answer from the concept of, "Entrepreneurship = creativity + innovation".

The learning outcome covered in this assessment is LO1 - Develop some basic skills, understanding and appreciation of entrepreneurship and business venturing.

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