Every start-up will have its core competence but all successful start-ups have a unique additional competency: Governmental support Industry support Ability to conceptualise and execute an integrated business strategy and business model None of the above
Question
Every start-up will have its core competence but all successful start-ups have a unique additional competency: Governmental support Industry support Ability to conceptualise and execute an integrated business strategy and business model None of the above
Solution
The question seems to be asking which competency all successful start-ups have in addition to their core competence. The options given are:
- Governmental support
- Industry support
- Ability to conceptualise and execute an integrated business strategy and business model
- None of the above
The answer to this question would be option 3: Ability to conceptualise and execute an integrated business strategy and business model.
This is because while governmental and industry support can certainly aid a start-up, they are not competencies inherent to the start-up itself. On the other hand, the ability to conceptualise and execute an integrated business strategy and business model is a competency that successful start-ups must have in order to thrive. This involves understanding the market, identifying opportunities, and implementing strategies to achieve business goals.
Similar Questions
For start-up success, the following must be a core competence: Innovation and Creativity Managing Government relations Managing public relations Managing banks
For sustainable success, the start-up should: Focus only on itself Focus only on the external environment Focus only on the customers Focus on creating a total ecosystem for the start-up
The success of a start-up is popularly measured by the following: Revenue and Market Share Profit and RoI Valuation and Unicorn status Nationality and Ethnicity
Most start-up enterprises when they are founded would be: Large-scale enterprises Medium-scale enterprises Not-for-profit enterprises Small-scale enterprises
Apart from a creative competence, start-up founders must have the following more than anything else: High education Deep funding Strong Passion Diverse collaboration
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