Final answer:
A new venture champion is someone who challenges the optimism surrounding a new venture in a company, demanding solid proof of success. Entrepreneurs embody this spirit, taking risks to bring new or improved products to the market. Start-up founders demonstrate their belief in their venture by investing personal funds, while venture capitalists mitigate risk by becoming personally familiar with the business plan. The correct option is new venture.
Step-by-step explanation:
A new venture champion is an individual working within a corporation who is willing to question the viability of a venture project by demanding hard evidence of venture success and challenging the belief system that carries a venture forward. Entrepreneurs who start these new ventures are often seen as risk-takers willing to venture into the marketplace with a new or improved product. They may invest their own money and work tirelessly on their idea, demonstrating a firm belief in their business prospects.
In the context of start-up firms, founders often have the best understanding of the company's potential, as they are deeply invested in its success. Angel investors and venture capitalists, understanding the risk, try to mitigate imperfect information by getting to know the founders and their business plan personally, providing advice and financial support in the hopes of seeing the venture succeed.
A new venture champion is an individual working within a corporation who is willing to question the viability of a venture project by demanding hard evidence of venture success and challenging the belief system that carries a venture forward. They are responsible for critical evaluation and challenging assumptions to ensure the success of new ventures within a corporation.