MODULE Chapter Notes -Unit, Franchising, Cystic Fibrosis Foundation
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Identify the environmental scanning tools: describe the physical environment of the venture, describe the societal environment of the venture, describe the industry environment of the venture, determine the importance of environmental scanning. Bad times and good times are the same in the eyes of an entrepreneur. Write your answer on the space provided below. You may say that both good times and bad times create opportunity. For example, for festivals, which are considered as good times, opportunities can be found in what people enjoy and want to do. On the other hand, in this time of pandemic (which is of course considered as bad time), new businesses are coming up due to the needs of people. An entrepreneur is always sensitive to his or her environment with opportunity seeking eyes at all times. Most entrepreneurs don"t begin their journey by falling in love with the problem they begin by falling in love with the solution (morgaine, briana).