3.2.3 Opportunity Recognition – Social network

For this activity:

You will need to write down your answers on your Mahara e-portfolio.

We learned from this theme that it is more likely that an entrepreneur gets a business idea through a weak-tie relationship than a strong-tie relationship.

Make a list of your strong-tie and weak-tie relationships.

• Include at least five ties on each list.
• Select two names from your list of weak-tie relationships, and speculate on the types of new business ideas that you think these individuals would be uniquely qualified to help you contemplate.
• Select two names from your list of strong-tie relationships, and speculate on the types of new business ideas that you think these individuals would be uniquely qualified to help you contemplate.
• You should analyse, from what you know already, their skills and experience in the industry that they work. While speculating, consider what opportunities might be available in their industry.