Lesson 1: Introduction to Opportunity Seeking Flashcards
the process of identifying and pursuing potential prospects that could lead to significant personal, professional, or business benefits.
Opportunity Seeking
It involves recognizing gaps in the market, unmet needs, or new trends that can be leveraged for growth or innovation.
Opportunity Seeking
often translates to discovering new business ideas or niches.
opportunity seeking in entrepreneurship
who actively look for ways to solve problems or improve existing products/services.
Entrepreneurs
might involve looking for new roles, skill enhancements, or networking opportunities that can lead to career advancement.
opportunity seeking for professionals
This encompasses identifying areas where new technologies or methodologies can create value or improve efficiency.
innovation
On an individual level, it can mean identifying opportunities for learning, personal development, or new experiences that align with personal goals.
personal growth
Successful entrepreneurs are adept at spotting opportunities that others may overlook. This involves recognizing market gaps, emerging trends, and consumer needs.
opportunity recognition
Entrepreneurs use opportunity recognition to drive innovation, creating new products or services that address identified needs.
Innovation and Value Creation
Professionals who actively seek opportunities for growth—such as new roles, promotions, or skill development—are more likely to advance in their careers. This proactive approach helps individuals stay relevant and competitive.
Career Advancement
Building a robust professional network can open doors to opportunities such as job referrals, collaborations, and mentorship, which are crucial for career progression.
Networking and Mentorship
A natural inclination to explore new ideas, technologies, and market trends.
Curiosity
drives individuals to continually seek knowledge and understand the evolving landscape.
Curiosity
The ability to bounce back from failures and setbacks. –individuals view challenges as learning opportunities rather than obstacles.
Resilience
The ability to see potential where others may not. – can foresee long-term impacts and opportunities that align with their goals or the needs of the market.
Vision
