Discovery: the process of generating ideas, recognizing opportunities and determining the feasibility of ideas.
A.01 Explain the need for entrepreneurial discovery
A.02 Discuss entrepreneurial discovery processes
A.03 Assess global trends and opportunities
A.04 Determine opportunities for venture creation
A.05 Assess opportunities for venture creation
Concept Development: the process for planning the venture, which includes identifying resources and strategies for a business plan
A.14 Assess the need to use external resources for concept development
A.12 Assess risks associated with venture
A.09 Describe entrepreneurial planning considerations
A.13 Describe external resources useful to entrepreneurs during concept development