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is the ability for a person to allocate scarce resources in order to take advantage of an opportunity while there is risk involved. Typically if
is the ability for a person to allocate scarce resources in order to take advantage of an opportunity while there is risk involved.
Typically if done correctly, this can result in new products, new processes, and new organizations.
Innovation
Entrepreneurship
Invention
Opportunity cost
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Operations and Supply Chain Management The Core
Authors: F. Robert Jacobs, Richard Chase
4th edition
978-1259549724, 1259549720, 1259696596, 978-1259696596
