New venture creation

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2009

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New venture creation

  1. 1. <ul><li>Entrepreneurial motivations, goals, expectations and capabilities vary across individuals. </li></ul><ul><li>Like wise, opportunities also vary in their characteristics and CSF’s </li></ul><ul><li>Opportunities are to be screened for both viability and fit with the entrepreneurs before they are pursued. </li></ul>
  2. 2. <ul><li>REVOLUTIONARY VENTURES </li></ul><ul><li>NICHE VENTURES </li></ul><ul><li>VENTURES THAT ARE PROPOGATORS OF NEW TECHNOLOGY OR INNOVATIONS </li></ul><ul><li>HUSTLE VENTURES </li></ul><ul><li>SPECULATIVE (DEAL) VENTURES </li></ul>
  3. 3. <ul><li>Involve a revolutionary idea, innovation or concept </li></ul><ul><li>Involve new processes or manufacturing techniques </li></ul><ul><li>Can shake up a matured industry or can create a new industry </li></ul><ul><li>Examples????????? </li></ul>
  4. 4. <ul><li>Large investments spread over time with uncertain outcomes. </li></ul><ul><li>Building organizational capabilities and sustainability </li></ul><ul><li>Requires a lot of creativity and exceptional managerial capabilities to execute </li></ul>
  5. 5. <ul><li>Suits those who want to win or lose on a grand scale </li></ul><ul><li>New entrepreneurs can attempt but should be clear about their role in the figure growth of the venture </li></ul><ul><li>Entrepreneurs should have extraordinary capabilities </li></ul>
  6. 6. <ul><li>Need not be a radical concept or idea </li></ul><ul><li>Serve segments with a unique need not served by mainstream offerings. </li></ul><ul><li>Examples?????? </li></ul>
  7. 7. <ul><li>Existence of a niche that can be economically serviced </li></ul><ul><li>Simple and easy to use product or service </li></ul><ul><li>Modest managerial and leadership skills </li></ul>
  8. 8. <ul><li>Ideal for entrepreneurs with insightful knowledge of the larger market and the niche in particular </li></ul><ul><li>Suits entrepreneurs with moderate growth/wealth ambitions and limited resources </li></ul>
  9. 9. <ul><li>Propagate an emerging technology or a product. </li></ul><ul><li>Examples??????? </li></ul>
  10. 10. <ul><li>Superior execution – speed and efficiency </li></ul><ul><li>Nimbleness rather than a great strategy </li></ul><ul><li>Investment and managerial capacity to attempt market dominance. </li></ul>
  11. 11. <ul><li>Ideal for entrepreneurs with proven superior capability to execute </li></ul><ul><li>Suits entrepreneurs with competence in deal making and fund raising to support growth </li></ul><ul><li>Entrepreneurs should want to be excited with growth </li></ul>
  12. 12. <ul><li>Does not need an innovative approach </li></ul><ul><li>No avenues to build proprietory assets </li></ul><ul><li>Low capital requirements </li></ul><ul><li>Limited exit options </li></ul><ul><li>Examples?????? </li></ul>
  13. 13. <ul><li>Extraordinary ability to execute </li></ul><ul><li>Meticulous selection and grooming of resources </li></ul><ul><li>Vision and values of the organization </li></ul>
  14. 14. <ul><li>Suits entrepreneurs with limited resources and modest growth ambitions </li></ul><ul><li>Fits those who value satisfaction and do not seek high growth </li></ul><ul><li>Ideal for entrepreneurs who seek a lifestyle business and satisfactory cash flow as against high growth and wealth creation </li></ul>
  15. 15. <ul><li>An opportunity to buy low and sell high </li></ul><ul><li>Financial risks depends on the terms of the deal </li></ul><ul><li>No staged commitments – fully exposed once the deal is made </li></ul><ul><li>Examples?????? </li></ul>
  16. 16. <ul><li>Risk taking ability </li></ul><ul><li>Insight and timing </li></ul><ul><li>Speculative instinct </li></ul>
  17. 17. <ul><li>Suits those who want quick profits </li></ul><ul><li>Those who are willing to take commensurate risks </li></ul><ul><li>Those who have the financial strength and staying power to go through the deal </li></ul>
  18. 18. <ul><li>Life style firms – A small venture that supports the owners and usually does not grow </li></ul><ul><li>Foundation company – A type of company formed from research and development that usually does not go public </li></ul><ul><li>High potential ventures – A venture that has high growth potential and therefore receives great investor interest </li></ul><ul><li>Gazelles – High growth ventures </li></ul>
  19. 19. <ul><li>For understanding the broad strategic issues </li></ul><ul><li>Types are not exhaustive and often overlap </li></ul><ul><li>For assessing the fit between the venture, resources and the entrepreneur’s preferences </li></ul><ul><li>For assessing the growth potential and sustainability </li></ul><ul><li>For assessing the nature and level of analysis required before getting the venture off the ground </li></ul>
  20. 20. <ul><li>Scoring – Each Question carries 10 marks: </li></ul><ul><li>Time – ONE Hour (Half an Hour for each Question): </li></ul><ul><li>Explain the types of Entrepreneurs giving atleast TWO examples for each: </li></ul><ul><li>Explain the Competencies required by a male Entrepreneur wishing to be a Florist. </li></ul>
  21. 21. <ul><li>Scoring – Each Question carries 10 marks: </li></ul><ul><li>Time – ONE Hour: (Half an Hour for each Question): </li></ul><ul><li>Explain the shift in the understanding of the meaning of an Entrepreneur from the classical to the modern school of thought. Substantiate with appropriate examples: </li></ul><ul><li>Why do many Indians shy away from becoming Entrepreneurs? </li></ul>
  22. 22. <ul><li>Scoring – Each Question carries 10 marks: </li></ul><ul><li>Time – ONE Hour: (Half an Hour for each Question): </li></ul><ul><li>Explain the managerial and operative functions of a HR Manager in a Recessionary situation. </li></ul><ul><li>Explain the challenges and actions that has to be taken by the HR Manager of TAJ Hotel, Mumbai, in consequence of last week’s events. </li></ul>
  23. 23. <ul><li>Scoring – Each Question carries 10 marks: </li></ul><ul><li>Time – ONE Hour: (Half an Hour for each Question): </li></ul><ul><li>Explain the Line and Staff functions of HRM in a situation of Layoff. </li></ul><ul><li>Explain the challenges and actions that has to be taken by the HR Manager of TAJ Hotel, Mumbai, in consequence of last week’s events. </li></ul>

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