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The four elements offer a litmus test that executives can use to assess the probability of success for a given project or set of tasks. If the venture team is led by a extremely succesful chief who is respected by friends, if the members have the abilities and motivation to finish the venture within the stipulated time frame, and if the company has assigned at least 50% of the team members’ time to the undertaking, you can provide the venture 1 point.
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