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Venture management is the strategic process of guiding a new business venture from its inception through growth and development, ensuring its alignment with market opportunities and business objectives. It encompasses a wide range of activities, including identifying viable business ideas, securing funding, developing business models, and managing resources to bring innovative products or services to market. Effective venture management involves careful planning, risk assessment, and agile decision-making to navigate the uncertainties of early-stage ventures. It also includes building strong teams, establishing operational processes, and creating scalable strategies that can adapt to market changes. By focusing on strategic planning and execution, venture management aims to maximize the potential of a venture, drive sustainable growth, and achieve long-term success in competitive markets.