A venture-specific opportunity deals with particular people, places, timing, special circumstances and technology. EX- A real estate developer opportunity to create a new wealth. Entrepreneurs are bold and imaginative and they pursue opportunities for profit. Understanding the basic information.
CONT.. Signals as Triggers for Assessment.
Conducting a targeted, systematic search of information
channels through a research and specific knowledge. EX- CAR manufacture It creates a potential effectiveness for wealth creation and in their costs. Signals as Cues for Resource Allocation. Entrepreneurs tend to pursue to self interest differently in response to their unique information about the world Adaptation of new technologies. specific knowledge of an idea to create where and how to implement it through it discovery.