Advisor


An individual who scores high on both the "Arrangements" scale and the "Willingness" scale, but low on the "Opportunity-Ability" scale demonstrates a high New Venture Formation (NVF) infrastructure and motivation.  Thus, venture initiation by such individuals is likely to occur.  It is possible, however, that without the deep NVF knowledge (indicated by the "Opportunity-Ability" score), venture initiation may be somewhat premature, with the possible waste of NVF resources as the result.

If this type of individual is intent upon venturing, it would appear to be wise to undertake expertise enhancement activities.  In terms of Expert Information Processing Theory (EIPT), this type of individual can likely accomplish script "entry," and can begin but not necessarily complete the "doing" requirements of a NVF expert script.

 

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.
 

©Copyright 1998-2003 Ron K. Mitchell under license to Wayne Brown Institute