The Opportunity Discovery Process

 Various researchers have argued that entrepreneurs ability to discover opportunities is cultivated way beyond when the venture begins. We will take this week to look at various processes that have been proposed and how they can be translated directly into profits within all types of businesses, small, micro, medium or even non profits.

The strategies that will be proposed affect the performance of such ventures. These strategies increase the newness value of the ventures and include the following. )we will then break each down in subsequent days)

1. Proactive searching
2. Competitive scanning
3. Collective action.