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    Characteristics of an Attractive Industry

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    What are the characteristics of an attractive industry from an entrepreneur's point of view? What role does innovation play?

    Please provide a short discussion (a paragraph or two). Examples are helpful.

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    Solution Preview

    Hi there,

    Here is my take on the what characterizes an attractive industry from an entrepreneur's point of view:

    According to dictionary.com, the formal definition of an entrepreneur is a person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk. This is a rather simplistic definition of an entrepreneur. When I think of what it takes to be one, I think of someone that is willing to try something new, something untested in society, someone that goes beyond what is currently available in the marketplace at any given moment in time. When considering ...

    Solution Summary

    The characteristics of an attractive industry is examined.