Management
•Download as PPT, PDF•
0 likes•167 views
this ppt describes about the growth of idea for opening the business. For growth of business ideal the sources, research and analysis also provided.
Recommended
Recommended
More Related Content
Similar to Management
Similar to Management (20)
Recently uploaded
Recently uploaded (20)
Management
- 1. 1 BY-BANWARI LAL BRANCH-E.E. ROLL NO.-EE110006 GROWTH OF A BUSINESS IDEA
- 2. WHY DEVELOP A BUSINESS IDEA? “Today’s successful copanies live and die according to the quality of their ideas”. - Warren Buffer. 2
- 3. FIRST MOVER’S ADVANTAGES • Has technological leadership.It can also lead to cost advantage and economise of scale. • Can obtained and secure scares resoueces before crowding. • Can impose switching cost on buyers. 3
- 4. FIRST MOVER’S DISADVANTAGES • The underlying business concept can be revealed. • Other can try different resources combinations. • Inertia makes it difficult to abandon the strategy that is no longer effective. 4
- 5. PRESELECTION PROCESS 1. Uncover your personal traits 2. Knowledge and Experience 3. Technical knowledge 4. Domain knowlwdge 6. Contacts 7. Goals 8. Aspirations 5
- 6. SOURCE OF BUSINESS IDEA • Past work experience • Hobbies and Interests • Strength and Abilities • Friends and Families 6
- 7. SOURCE OF BUSINESS IDEA • Distribution channels • Travel • Book and Magazines • Current trends • Research organizations 7
- 8. PRELIMARY RESEARCH • Cost structure • Market structure • Technology • HR issues • Government regulations 8
- 9. BUSINESS IDEA EVALUATION • The Five Questions • Which is product/service? • What is business model? • How big is ur market? • How can you protect your business? • what are you getting out of it? 9
- 10. OTHER ANALYSIS • Industry Assessment • Bargaining power of suppliers • Bargaining power of customers • Threats of new entrants • Threats from substitutes • Competition within industry 10
- 11. SWOT ANALYSIS • Strength • Weakness • Opportunities • threats 11
- 12. 12 THANK YOU!
Editor's Notes
- Founder and Chief Executive Officer of Innovative Product Technologies, Inc. (IPT, Inc.). which is a product and technology based market commercialization corporation A business plan is the first step you take toward turning your invention into a marketable reality. Potential investors may understand a business proposal much better than they understand the technology of an invention. Investors will look at the profit-and-loss possibilities
- Summary-for bankers, first timers, feasibility testing, small businesses. Full-comprehensive plan with a good amount of detail Operational-describes how your business operates, handles challenges, plans growth, very strategic We can also have business cases, but not covered today.
- Answers 3 major questions: How will we operate, Who are our customers and how will we reach them, and Will we be profitable doing this. Summarize 3 sections into one paragraph each, create executive summary, add supporting documents. Show how banker reads a business plan.
- If you don’t get their attention here, they won’t read further.
- A value proposition is a clear statement of the tangible results a customer gets from using your products or services. The more specific your value proposition is, the better. Strong value propositions deliver tangible results like: Increased revenues Faster time to market Decreased costs Improved operational efficiency Increased market share Decreased employee turnover Improved customer retention levels First Sentence: For (target customer) who (statement of the need or opportunity), the (product/service name) is a (product/service category) that (statement of benefit). Second Sentence: Unlike (primary competitive alternative), our product (statement of primary differentiation).
- If you have a brand-new, paradigm shifting model, explain it in terms of existing models. Be complete. For your reader, this is where your idea becomes a business.
- Make sure that you correctly articulate how your Intellectual Property is protected. Contact the RPC for more information.