Difference Between Ideas and Opportunities
Basis |
Ideas |
Opportunities |
---|---|---|
Definition |
A creative spark envisions a business or product |
A set of circumstances allowing the realization of an idea |
Value |
Inherently lacks value; requires focus and effort to become valuable |
Holds intrinsic value, representing exploitable circumstances |
Conceptualization |
The initial concept, which can evolve into a product or service, |
Based on a detailed concept of a potential future state with value |
Execution |
Seeds for new business opportunities, yet inherently less valuable |
More valuable as it is an elaborate concept with potential |
Entrepreneurship |
Seeds for new opportunities, distinct from fully-fledged opportunities |
It involves turning an idea into an opportunity through development |