Description
This is a presentation covers topics like entrepreneural design, entrepreneural behavior, entrepreneural feelings, strategic framework, entrepreneural process.
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Situational characteristics: -perceptions of desirability(culture) -perceptions of feasibility(role models) Impetus for entrepreneurship: -negative displacement(fired) -positive pull(customer) -positive push(experience)
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?
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CHANGE FROM PRESENT LIFESTYLE Work environment disruption
FORM NEW ENTERPRISE Desirable : cultural, family, teachers , peers Possible: 1.Government(infrastructure), 2.Background(formal education , skill , experience etc.) 3.Marketing(market size , product, price ,distribution, promotion ) 4.Financing 5.Role models
EB=f(PE) ? P-personality characteristics E-environmental factors These factors could be conducive or impediment to entrepreneurial growth
?
Challenges Involved
Person who actually starts his/ her own business, the experience is filled with enthusiasm, frustration, anxiety and hard work. There is a high failure rate due to:
External Factors Inflation, recession, lack of infrastructure, corruption, economic & political uncertainty, Intense competition. Internal Factors Lack of capital, poor sales, lack of managerial ability.
WHAT THEN CAUSES A PERSON TO MAKE THIS DIFFICULT DECISION?
?
Locus of control: concern whether they will be able to sustain the drive and energy required not only to overcome inertia in forming something new but also to manage the new enterprise and make it grow. Feelings about independence and need for achievement: need to be recognized: 1)individual responsibility for solving problems , setting goals and reaching these goals through their own efforts (2)moderate risk taking function (3)knowledge of result and task accomplishment.
?
?
? ?
Focused determination(with dispositional optimism) Acceptance of risk and uncertainty High confidence in one’s idea and ability
?
?
? ?
3C ( customer , competition , company ) 4P( price, product , promotion , place ) 5 FORCES SWOT
?
?
? ? ?
Opportunity identification and analysis Business plan formulation Securing funds Assemble resources and implement plan Manage the venture
4. FINDING THE REQUIRED RESOURCE
5. USING NETWORKS EXTENSIVELY
1.
MOTIVATION
TO MAKE A DIFFERENCE
3. SPOTTING AND EXPLOITING OPPORTUNITIES OVERCOMING OBSTACLES
GROWING ENTERPRISE 8.
CONTROLLING
THE BUSINESS 9. PUTTING THE
10. FINANCIAL, SOCIAL, AESTHETIC, CAPITAL
2. CREATIVITY AND INNOVATION
CUSTOMER FIRST THAT
SUCCEEDS
RECOGNITION OF VALUE 6. SHOWING DETERMINATI
ON IN THE FACE OF ADVERSITY
7. MANAGING RISK
THE ENTREPRENEUR PROCESS DIAGRAM
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Idea Stage & Evaluate Concept Stage & Evaluate Laboratory development
• ?
• ? • ?
•
Product Development Stage & Evaluate Pilot production run Test Marketing Stage & Evaluate Semi commercial plan trials Commercialisation Stage & P L C (I-G-M-D)
THANK YOU
doc_565618016.pptx
This is a presentation covers topics like entrepreneural design, entrepreneural behavior, entrepreneural feelings, strategic framework, entrepreneural process.
?
?
Situational characteristics: -perceptions of desirability(culture) -perceptions of feasibility(role models) Impetus for entrepreneurship: -negative displacement(fired) -positive pull(customer) -positive push(experience)
?
?
?
CHANGE FROM PRESENT LIFESTYLE Work environment disruption
FORM NEW ENTERPRISE Desirable : cultural, family, teachers , peers Possible: 1.Government(infrastructure), 2.Background(formal education , skill , experience etc.) 3.Marketing(market size , product, price ,distribution, promotion ) 4.Financing 5.Role models
EB=f(PE) ? P-personality characteristics E-environmental factors These factors could be conducive or impediment to entrepreneurial growth
?
Challenges Involved
Person who actually starts his/ her own business, the experience is filled with enthusiasm, frustration, anxiety and hard work. There is a high failure rate due to:
External Factors Inflation, recession, lack of infrastructure, corruption, economic & political uncertainty, Intense competition. Internal Factors Lack of capital, poor sales, lack of managerial ability.
WHAT THEN CAUSES A PERSON TO MAKE THIS DIFFICULT DECISION?
?
Locus of control: concern whether they will be able to sustain the drive and energy required not only to overcome inertia in forming something new but also to manage the new enterprise and make it grow. Feelings about independence and need for achievement: need to be recognized: 1)individual responsibility for solving problems , setting goals and reaching these goals through their own efforts (2)moderate risk taking function (3)knowledge of result and task accomplishment.
?
?
? ?
Focused determination(with dispositional optimism) Acceptance of risk and uncertainty High confidence in one’s idea and ability
?
?
? ?
3C ( customer , competition , company ) 4P( price, product , promotion , place ) 5 FORCES SWOT
?
?
? ? ?
Opportunity identification and analysis Business plan formulation Securing funds Assemble resources and implement plan Manage the venture
4. FINDING THE REQUIRED RESOURCE
5. USING NETWORKS EXTENSIVELY
1.
MOTIVATION
TO MAKE A DIFFERENCE
3. SPOTTING AND EXPLOITING OPPORTUNITIES OVERCOMING OBSTACLES
GROWING ENTERPRISE 8.
CONTROLLING
THE BUSINESS 9. PUTTING THE
10. FINANCIAL, SOCIAL, AESTHETIC, CAPITAL
2. CREATIVITY AND INNOVATION
CUSTOMER FIRST THAT
SUCCEEDS
RECOGNITION OF VALUE 6. SHOWING DETERMINATI
ON IN THE FACE OF ADVERSITY
7. MANAGING RISK
THE ENTREPRENEUR PROCESS DIAGRAM
?
Idea Stage & Evaluate Concept Stage & Evaluate Laboratory development
• ?
• ? • ?
•
Product Development Stage & Evaluate Pilot production run Test Marketing Stage & Evaluate Semi commercial plan trials Commercialisation Stage & P L C (I-G-M-D)
THANK YOU
doc_565618016.pptx