The phrase "undertake venture" is correct and can be used in written English.
It is typically used to refer to taking on a new and potentially risky project or business endeavor. Example: Our company has decided to undertake a new venture in international markets. This will allow us to expand our reach and potentially increase profits.
With the map, companies can design and undertake ventures that match their resources and financial expectations and make profits, too.
Companies can use the authors' "opportunity map" to design and undertake ventures at the bottom of the pyramid that match their capabilities and financial expectations.
It also undertakes ventures in precious metals like platinum and palladium.
Tara Klein, who plans to open a bed-and-breakfast in the village in a 215-year-old wood-frame Victorian house that was to be demolished, said she and her husband, Russell, an architect, were "inspired by the film center" to undertake their venture.
The reality is that if the government were to undertake this venture it would take years longer for it to complete than the telecom carriers, and it would doubtless be done for a much higher cost as well.
It decided to undertake the venture if it could get a loan guarantee of $13,000 per mile from the Alberta government.
The pauper can sue the town doctor for imaginary damages, if some lawyer feels disposed to undertake the venture.
In particular, yachts previously were required to pay a "bond" or deposit to customs to cover the possibility that they might undertake commercial ventures while visiting Indonesia, a condition that put off many captains and owners.
What makes the American economy strong isn't that everyone is entrepreneurial -- most people avoid major risks -- but that the people who do undertake foolish ventures get both an opportunity to try and a way to bounce back when they fail.
Much of this results from the culture, which discourages people to undertake risky ventures.
State and local governments can help preserve human rights and property rights that foster investment, while the Federal Government should "encourage business to expand and investors to undertake new ventures".
