Technoprenuership1 13 iii)
Raw material reserves Access to natural resources by ownership or contractual obligations is important to any firm.
c) Human resources Human resource makes the other resources work.
i) Specialised personnel These are individuals with skills in any of the fields the firm is into.
ii) Managerial personnel A firm needs to consider its managerial personnel pool.
d) System and technological resources i) System capabilities These are those process aspects that tend to support the main functions of the organisation e.g.
quality control models, reward policies and distribution systems.
ii) Technological capabilities This is about the output of the organisation e.g. brand loyalty.
FORMS OF BUSINESS ORGANISATION There are various forms of business that one may wish to consider entering into.
These include Limited Company, Sole Proprietorship, Partnership, Cooperative and the Corporation.
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