Ongoing venture

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Ongoing venture

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Ongoing venture

  1. 1. ONGOING VENTURE OPERAIONS AND GROWTH
  2. 2. The Process of Ongoing Operations and Growth • Ongoing operations leading to growth consist of a set of activities concerned with the continued and improved delivery of both the products of the firm and the firm itself as a financial product.
  3. 3. • “Everyone is an entrepreneur when he actually carries out new combinations, and loses that character as soon as he has build up his business, when he settles down to running it as other people run their business ”. • The entrepreneurial value added in this stage of the venture creation process is the continual addition of new combinations.
  4. 4. • Effectively brining about continuing operations and growth includes the implementation of a visionary and flexibility -creating operations plan and the use of this plan to achieve superior economic performance. • This stage of venture development primarily involves at least the application of concepts related to continuous venture screening, making market and industry assessments, ongoing financial assessment and customer reputation and stakeholder relationship management. • Through these activities, we believe that the process of opportunity recognition that drive continuous improvement and growth can be stimulated.
  5. 5. • Organizational Entrepreneurship: – The key to a vibrant organization is continual attention to the fundamentals of entrepreneurial organizations. This include: • Managing total risk • Avoiding the traps of traditional organizations. • Fostering empowerment within the venture • Minimizing bureaucracy • Proving incentives versus constraints for innovation • Enabling research and development • Ethically and sustainability focused
  6. 6. Students View of the Operations and Growth Process
  7. 7. Regular NAT analysis Market/industry assessment Financial assessment Opportunity recognition (idea formulation) Stakeholder management Reputation management Dynamic/opportunistic ventures: Awareness of potential opportunities and of market wants/needs and ability to fulfill Better ventures: Mitigation of controllable venture failure attributes Reduced failure Growth Prosperity Responsible ventures: Awareness of strength of social capital

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