Window of Opportunity

The video explains the concept of the 'window of opportunity' in both entrepreneurship and strategy. It highlights how this concept involves exploiting an idea or value within a specific timeframe. In entrepreneurship, it focuses on evaluating potential ideas for creating desired value. In strategy, it emphasizes gaining a competitive advantage within a limited time. The window of opportunity is crucial for both fields as it determines the feasibility and success of exploiting ideas or gaining advantages.

Explain the significance of timing in exploiting an idea or opportunity.

What challenges might arise if a business misses its window of opportunity?