Abstract

Available knowledge such as ‘first-mover advantage’, ‘innovation entrepreneurship’ and other knowledge have successfully put business development into perspective. Will these insights remain as our competitive advantages or will it eventually be business norm in our future business environment; where entrepreneurial spirit, creative thinking and increasing research & development capabilities are no longer scare resources? Now, should intuitional venture capitalist or entrepreneurs still expect for a ‘new’ product before entering into business or should they foresight how future business environment affects businesses? ThiAvailable knowledge such as ‘first-mover advantage’, ‘innovation entrepreneurship’ and other knowledge have successfully put business development into perspective. Will these insights remain as our competitive advantages or will it eventually be business norm in our future business environment; where entrepreneurial spirit, creative thinking and increasing research & development capabilities are no longer scare resources? Now, should intuitional venture capitalist or entrepreneurs still expect for a ‘new’ product before entering into business or should they foresight how future business environment affects businesses?

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