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The Bird-in-Hand Principle: Who I Am, What I Know, and Whom I Know
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Reference: DARDEN-ENT-0090-E
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Number of pages: 8
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Publication Date: Jan 18, 2007
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Source: Darden University of Virginia (USA)
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Type of Document: Technical Note
Description
This technical note explores a framework by which entrepreneurs can evaluate their ideas before going forward based on who they are, what they know, and whom they know. Drawing on frameworks presented in textbooks, trade books, journal articles, periodicals, and on Web sites that claim to predict the feasibility and value of new venture ideas. Figure 1 depicts a simple and useful summary of four key concepts at the heart of many of these frameworks: Is it doable? Is it worth doing? Can I do it? Do I want to do it? These questions address feasibility from a technical, market, financial, organizational, and motivational standpoint.