👉 The term "initiative" in the context of business and entrepreneurship refers to an action or a process that is initiated by someone, typically for the purpose of achieving a specific goal or outcome. It can refer to any kind of initiative, whether it's a project, a new product, or a venture into a new market.
Some examples of initiatives in business include:
1.
Initiating a New Product Line
: A company may initiate the creation and launch of a new line of products with
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