Which stage focuses on securing the inputs necessary to launch the venture?

Which stage focuses on securing the inputs necessary to launch the venture?

• A. Discovery
• B. Resourcing
• C. Concept Development
• D. Harvesting

Answer: (B)

The main idea here is identifying which part of building a venture is about getting everything you need to start operating. Securing inputs needed to launch—the money, people, equipment, facilities, suppliers, and partnerships you’ll rely on to get off the ground—belongs to the stage focused on resourcing. This stage is all about obtaining and organizing the resources that let you move from idea to action, including initial funding, assembling a team, and establishing key supply and partner relationships. Without these inputs, you can’t effectively develop or test a concept or begin operations. Discovery is about understanding customer needs and market opportunities, which guides what you might build but not the actual procurement of launch resources. Concept development hones the product concept and business model using the resources you know you have. Harvesting is about extracting value later in the venture’s life cycle, not about starting up.

The main idea here is identifying which part of building a venture is about getting everything you need to start operating. Securing inputs needed to launch—the money, people, equipment, facilities, suppliers, and partnerships you’ll rely on to get off the ground—belongs to the stage focused on resourcing. This stage is all about obtaining and organizing the resources that let you move from idea to action, including initial funding, assembling a team, and establishing key supply and partner relationships. Without these inputs, you can’t effectively develop or test a concept or begin operations.

Discovery is about understanding customer needs and market opportunities, which guides what you might build but not the actual procurement of launch resources. Concept development hones the product concept and business model using the resources you know you have. Harvesting is about extracting value later in the venture’s life cycle, not about starting up.