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Identifying Business Opportunities
Business Innovation · Year 12 · The Innovation Process and Ideation · 1.º Período

Identifying Business Opportunities

Students analyse market gaps and emerging trends to identify viable business opportunities. They evaluate the role of the entrepreneur in driving economic growth.

ACARA Content DescriptionsACBI12-01: Analyse the internal and external environments to identify business opportunities.ACBI12-02: Evaluate the characteristics and skills of successful entrepreneurs.

About This Topic

Students analyse market gaps and emerging trends to identify viable business opportunities. They evaluate the role of the entrepreneur in driving economic growth.

Key Questions

  1. What constitutes a viable business opportunity?
  2. How do entrepreneurs identify gaps in the market?
  3. What role does innovation play in economic growth?