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Rural entrepreneurship in Wales
Rural entrepreneurship in Wales

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4.6 Summary

In this section you have:

  • examined the transformation model of inputs into outputs and the extended enterprise value cycle
  • considered the resources required in your new business
  • understood that a capability is about how you use resources
  • started to think about the core competence of your new venture
  • conducted your own SWOT analysis
  • looked beyond the SWOT to see advantages, disadvantages, temptations and defences.

Now open the BPPR (or download the template [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] ) and reflect on the activities completed in this section. Review the output from each activity and complete the questions raised in Section 3 of the BPPR, which require you to synthesise your activity and thinking to date.