Understanding the Role of Need Awareness in Entrepreneurship

What Happens when an Entrepreneur Notes a Gap between Societal or Customer Needs and the Actual Circumstances?

When the entrepreneur notes a gap between societal or customer needs and the actual circumstances, the process of need awareness is initiated. The correct answer is option d) need awareness. Need awareness involves recognizing a problem that exists and identifying potential solutions. When the entrepreneur notes a gap between societal or customer needs and the actual circumstances, it leads to need awareness. This is the first step in the process of creating a new product or service that meets the needs of the customers. Once the entrepreneur is aware of the need, they can move on to the brainstorming and creativity stages to come up with a solution that meets the customer's needs. Finally, the entrepreneur can use human-centered design to create a product or service that is tailored to the customer's needs and preferences.

Which of the following happens when the entrepreneur notes a gap between societal or customer needs and the actual circumstances? a) brainstorming b) creativity c) human-centered design d) need awareness

When the entrepreneur notes a gap between societal or customer needs and the actual circumstances, the process of need awareness is initiated. The correct answer is option d) need awareness.