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An individual who scores high on both the "Willingness" scale
and the "Opportunity-Ability" scale, but low on the "Arrangements"
scale demonstrates a high New Venture Formation (NVF) motivation and knowledge
unaccompanied by the resource infrastructure necessary to ensure new venture
(NV) actualization. Such an individual will have knowledge, ideas
and motivation, but will often lack the resources necessary to bring about
the formation of a new venture. Thus, for this type of individual,
venture opportunities are "incubated" or put on hold until the
resources are located--but while in incubation, intense effort to make
the "arrangements" can be expected to be underway.
In terms of Expert Information Processing Theory (EIPT), this type of
individual can accomplish the "doing" requirements of a NVF
expert script, but will be held up due to lack of the necessary "entry"
arrangements.
DISCLAIMER: The information provided by this instrument IS NOT SUFFICIENT BY ITSELF to predict the success of any given new business. Instead, it is designed to add to the store of information available most preferably before the venture is started, or even if the venture is already underway, with the
intention that the chances of success will be improved.
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