chap06 - Ourgreatestgloryisnotinneverfallingbutin...

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Technology Ventures : From Idea to Opportunity Chapter 6: Summary Our greatest glory is not in never falling but in  rising every time we fall. Confucius What determines the success of entrepreneurial efforts and  how can they be managed? A new venture that creates a novel solution to a problem will be  subject to uncertainty of outcome. An action in an uncertain market  is sure to experience a risk of delay or loss. It is the entrepreneur’s  task to reduce and manage all risks as much as possible. Summary
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Technology Ventures : From Idea to Opportunity Chapter 6: concept Risk  is the chance or possibility of loss.  Regret  is the amount of loss a person can tolerate.
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: From Idea to Opportunity Chapter 6: Figure 6.1 Risk  = Hazard x Uncertainty Hazard = Level of Total Investment Perceived Risk Attractive  Venture  Opportunity New Venture  Choice
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chap06 - Ourgreatestgloryisnotinneverfallingbutin...

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