Explain the challenges involved in new-venture development, Operation Management

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Explain the challenges involved in new-venture development

1. Explain the challenges involved in new-venture development.

2. Many entrepreneurs lack objectivity and have no real insight into the market. Why are these characteristics considered pitfalls of selecting new ventures?

3. Identify and discuss two examples of financial difficulties that can cause a venture to fail.

4. List four major types of problems that new ventures confront.

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Operation Management: Explain the challenges involved in new-venture development

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