According to research studies,what element was reported as the most important factor to new venture success?
A)the uniqueness of the product or service to fulfill a customer need
B)the financial support to help the company through the initial years
C)the lead entrepreneur and quality of the team
D)the size of the lead entrepreneurs' network

Question

Quizplus · Accepted Answer

Several research studies have found that the lead entrepreneur and the quality of the team are the most significant factors determining new venture success. While product uniqueness, financial support, and network size can certainly contribute to success, a strong founding team with the appropriate skills, expertise, and experience is critical for a new business to thrive.

According to Research Studies,what Element Was Reported as the Most