Entrepreneurial strategy depends not only on intuition but o

Entrepreneurial strategy depends not only on intuition, but on performing an exhaustive environmental scan to spot trends and opportunities in the economic, political, technological, cultural, and competitive arenas. Refer to The 25 Hottest Startups in 2015 and determine generally what trends these startups are exploiting. How would you assess the current political, economic, technological, and cultural climates right now? Is it a good time to start up an entrepreneurial venture? Why or why not?

Solution

The boom in the service sector can be regarded as the main intent driving factor for the major startups that tasted success recently on the whole. However , it has to be remembered that one must always get to consider the massive change in the technological change aspect to drive the increase in the service sector on the whole and this can be considered as one of the best factor to start into an entrepreneurial ventures on the whole.