(b) Explain 'Ability to harness different sources of information' and 'Vision and Creativity' factors involved in sensing opportunities.

Question

Accepted Answer

The 'Ability to harness different sources of information' means bringing together various sources like magazines, journals, books, seminars, trade shows, family members, customers and friends, and analysing the information to identify the right opportunity. 'Vision and creativity' means creatively identifying an idea that generates a valuable solution to a problem and, once the solution is identified, using vision to convert it into a business opportunity by overcoming all obstacles.