Asked by Theresa Cooper on Feb 18, 2024
Verified
Business models generally discourage experimentation.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the potential limitations of business models in discouraging experimentation.
- Identifying the need for balance between the stability provided by business models and the need for innovation and adaptation.
- Understanding the importance of business models in providing structure and direction to a company's operations.
Verified Answer
AW
angela wilkinson
Feb 18, 2024
Final Answer :
False
Explanation :
Business models often encourage experimentation to innovate, adapt to changing market conditions, and find more efficient or effective ways to operate.
Learning Objectives
- Recognizing the potential limitations of business models in discouraging experimentation.
- Identifying the need for balance between the stability provided by business models and the need for innovation and adaptation.
- Understanding the importance of business models in providing structure and direction to a company's operations.