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High-tech businesses form a crucial part of entrepreneurial
activity in some ways representing very typical examples of
entrepreneurship, yet in some ways representing quite different
challenges. The uncertainty in innovation and advanced technology
makes it difficult to use conventional economic planning models,
and also means that the management skills used in this area must be
more responsive to issues of risk, uncertainty and evaluation than
in conventional business opportunities.
High-tech businesses form a crucial part of entrepreneurial
activity in some ways representing very typical examples of
entrepreneurship, yet in some ways representing quite different
challenges. The uncertainty in innovation and advanced technology
makes it difficult to use conventional economic planning models,
and also means that the management skills used in this area must be
more responsive to issues of risk, uncertainty and evaluation than
in conventional business opportunities.
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