The Role of Multinational Corporations a Case Study- NestleNikita Jangid
1. A multinational corporation (MNC) is a company that operates in multiple countries, with management headquartered in one country but conducting business in several other host countries.
2. MNCs engage in activities like exporting, importing, and manufacturing across different countries. They take a global perspective in decision-making.
3. Some of the earliest MNCs included the Knights Templar in the 12th century, the British East India Company in 1600, and the Dutch East India Company in 1602. Today there are over 40,000 MNCs operating globally.
Recent trends show that in spite of economic uncertainties cross border merger and acquisitions are gaining importance and considered to be a vital tool for growth. Read on to understand all about cross border mergers and acquisitions with the help of an case study.
The document discusses the various factors of a business environment and their influence on business operations. It defines business environment as the total external and internal factors that influence business decisions and functioning. The key factors discussed include economic, social, political, legal, demographic, technological and natural environment factors. It emphasizes the importance of understanding the business environment for successful business operations.
The document provides an outline for conducting a feasibility study for a new business or project. It discusses what a feasibility study is, why it is important, and the typical components that should be included. The components covered include an executive summary, market analysis, product/service details, business model, marketing strategy, production requirements, management plan, financial projections, and a proposed schedule. The purpose of the feasibility study is to support decision making by evaluating the viability and risks of a potential business idea.
The document discusses various growth strategies that companies can pursue, including internal growth strategies like market penetration, market development, and product development as well as external strategies like mergers & acquisitions, strategic alliances, and joint ventures. It defines key terms, compares different types of mergers and acquisitions, and discusses the benefits and challenges of joint ventures.
The document discusses the internal and external business environment. It defines the business environment as consisting of factors beyond an individual business's control that affect its operations. The internal environment includes factors within a business's control like personnel and resources. The external environment includes forces outside its control like customers, competitors, economic conditions, socio-cultural factors, political systems, and natural resources. It also describes how businesses must understand and adapt to changes in their various environments to succeed.
International business involves the exchange of products and services across national borders. Companies pursue international expansion to increase profits, take advantage of product life cycles, and achieve economies of scale, or to respond to competitive pressures and saturated domestic markets. When considering international expansion, companies must gauge demand abroad, adapt products to foreign customer needs, and determine their entry strategy into foreign markets such as exporting, licensing, franchising, foreign direct investment, or establishing a foreign subsidiary. Barriers to international business include cultural, legal, political, and economic barriers like tariffs and trade restrictions.
The Role of Multinational Corporations a Case Study- NestleNikita Jangid
1. A multinational corporation (MNC) is a company that operates in multiple countries, with management headquartered in one country but conducting business in several other host countries.
2. MNCs engage in activities like exporting, importing, and manufacturing across different countries. They take a global perspective in decision-making.
3. Some of the earliest MNCs included the Knights Templar in the 12th century, the British East India Company in 1600, and the Dutch East India Company in 1602. Today there are over 40,000 MNCs operating globally.
Recent trends show that in spite of economic uncertainties cross border merger and acquisitions are gaining importance and considered to be a vital tool for growth. Read on to understand all about cross border mergers and acquisitions with the help of an case study.
The document discusses the various factors of a business environment and their influence on business operations. It defines business environment as the total external and internal factors that influence business decisions and functioning. The key factors discussed include economic, social, political, legal, demographic, technological and natural environment factors. It emphasizes the importance of understanding the business environment for successful business operations.
The document provides an outline for conducting a feasibility study for a new business or project. It discusses what a feasibility study is, why it is important, and the typical components that should be included. The components covered include an executive summary, market analysis, product/service details, business model, marketing strategy, production requirements, management plan, financial projections, and a proposed schedule. The purpose of the feasibility study is to support decision making by evaluating the viability and risks of a potential business idea.
The document discusses various growth strategies that companies can pursue, including internal growth strategies like market penetration, market development, and product development as well as external strategies like mergers & acquisitions, strategic alliances, and joint ventures. It defines key terms, compares different types of mergers and acquisitions, and discusses the benefits and challenges of joint ventures.
The document discusses the internal and external business environment. It defines the business environment as consisting of factors beyond an individual business's control that affect its operations. The internal environment includes factors within a business's control like personnel and resources. The external environment includes forces outside its control like customers, competitors, economic conditions, socio-cultural factors, political systems, and natural resources. It also describes how businesses must understand and adapt to changes in their various environments to succeed.
International business involves the exchange of products and services across national borders. Companies pursue international expansion to increase profits, take advantage of product life cycles, and achieve economies of scale, or to respond to competitive pressures and saturated domestic markets. When considering international expansion, companies must gauge demand abroad, adapt products to foreign customer needs, and determine their entry strategy into foreign markets such as exporting, licensing, franchising, foreign direct investment, or establishing a foreign subsidiary. Barriers to international business include cultural, legal, political, and economic barriers like tariffs and trade restrictions.
Diversification is a corporate strategy where a firm enters new markets or industries that are not currently part of its business by developing new products for those markets. Firms diversify for reasons such as having excess resources, diminishing growth in their current industry, cost savings opportunities, or spreading business risks. There are two main types of diversification: related diversification, where a firm leverages its technical expertise across industries, and unrelated diversification, where a firm enters industries with no strategic fit. Firms must evaluate the attractiveness and costs of new industries as well as whether diversification creates shareholder value.
This document discusses international technology transfer. It defines technology transfer as the process of transferring technology from its source or owner to a recipient. The document outlines different ways technology can be transferred, such as through foreign investment, trade, licensing patents, technical assistance, or student/faculty movement between institutions. It provides examples of different organizations in India that assist with technology transfer and discusses the importance of technological transfer for developing intellectual property and creating new products and services.
Entrepreneurial Venture and Its ComponentsOfunre Iriobe
This slide discusses what makes an entrepreneurial venture different from regular businesses, and also highlights the components aspiring entrepreneurs need to pursue.
Foreign direct investment (FDI) is an important source of foreign investment in developing countries like India. It provides capital to supplement domestic investment and support higher economic growth. FDI refers to investment made by a company or entity located in one country into business interests located in another country. It is more stable than investments in a country's stock market because it represents durable, long-term investments. India permits FDI through various means like joint ventures, capital markets, and private placements. Key factors that attract FDI to India include its large market size and skilled workforce. Sectors receiving the most FDI include services, software/hardware, telecom, housing, and automobiles. Mauritius, Singapore, the US and
Globalization is a process that involves the worldwide integration of economies, technologies, and cultures. It began accelerating in the late 20th century due to advances in transportation and communication technology. While globalization has led to increased economic opportunities through expanded trade and investment, it has also contributed to cultural and economic homogenization. It has impacted systems of governance, urban development, labor markets, and gender norms around the world. Both supporters and critics of globalization make arguments around its effects on issues like sovereignty, inequality, and cultural diversity.
Impact of technology on international businessKiran sharma
This document discusses the impact of technology on international business. It covers three main topics:
1) It defines different types of technology including product, process, and management technology.
2) It explores the social implications of technology, such as increasing consumer expectations and system complexity.
3) It examines the economic implications, including increased productivity through technology adoption, greater investment needs in research and development, and increased regulation.
Globalisation and Outsourcing : Impact on Agriculture and PoliticsNikhil Gupta
This is a Powerpoint Presentation on Globalization and Outsorcing . It includes Acknowledgement, meaning of globalization, impact on agriculture,impact on politics. impact of globaliazation on Indian Economy.
This presentation is made by Nikhil Gupta (nikhilgupta1998@yahoo.in)
No 3: Sources of Finance for Developmentmattbentley34
The document summarizes various sources of finance for development, including international institutions like the IMF and World Bank, which provide loans and assistance to countries. Special Drawing Rights and the International Finance Facility also aim to raise funds for development goals. Foreign direct investment, aid from bilateral and multilateral sources, and tax measures are discussed as potential sources, but each also has benefits and criticisms regarding feasibility and appropriate usage of funds.
The document discusses concepts related to developing export markets and internationalization for small and medium enterprises (SMEs). It provides definitions for key terms, barriers and benefits to exporting and internationalization. The document also includes case studies of several SMEs that successfully expanded into international markets and developed export activities. It concludes with recommendations for SMEs to identify business needs, develop export strategies, and conduct market research when internationalizing.
Study of International Business Articles.
Part 1: Essential of International Business.
Part 2: Theories applied to International Business.
Part 3: Bargaining Approach and Resources.
Part 4: International Business Phenomena.
Part 5: Internalization.
Part 6: Competitive advantages.
The document discusses modernizing measures and instruments for development finance in the post-2015 era. It outlines that development finance is becoming more complex with many sources beyond traditional ODA. The OECD aims to promote transparency, accountability and mobilization of resources through modernizing its statistical framework. Key aspects of modernization agreed at the 2014 OECD DAC High Level Meeting include: measuring ODA loans at grant equivalents, better targeting of ODA to those most in need, and capturing mobilized private finance through Total Official Support for Sustainable Development (TOSSD) statistics.
Entrepreneurship provides numerous economic benefits to a country including increasing employment opportunities, creating new industries, and generating higher incomes. It leads to job creation, both through self-employment and by businesses hiring more employees. Successful entrepreneurial activities can raise standards of living and increase tax revenues. This supports economic growth as more industries boost production capacity and encourage local sourcing of materials. Greater entrepreneurship reduces reliance on imports by enabling countries to produce and export more locally-made goods.
Slide deck from a two day workshop for a multinational company in Shanghai on Innovation and Innovation Management, utilizing HBR Case Studies of Google, Apple and others introducing basic conceptions of innovation, the innovation value chain and entrepreneurship. Main goal of this workshop to create a mind shift from idea generation towards idea conversion and commercialization of products. Especially pointing out the importance of proper political and strategic support in the organization.
Foreign direct investment (FDI) involves a controlling ownership in a business by an entity based in another country. FDI brings funding and expertise from developed countries to help emerging markets expand. World FDI increased 9% to $1.45 trillion in 2013, with over half going to developing countries. FDI has advantages like increasing capital and job opportunities, but can also negatively impact local communities and allow foreign giants to take market share. While India is working to improve its regulatory environment and maximize stability to attract more FDI, it still faces challenges like resource and equity issues, political challenges, and reducing poverty.
The document discusses various forms of international organization design. It defines organization design and identifies factors that affect design such as strategy, technology, environment, and culture. It then describes five main forms of global organization design: global product design, global area design, global functional design, global customer design, and global matrix design. For each design, it provides examples, advantages, and disadvantages. Finally, it notes that most firms use a hybrid design that blends elements of the different pure forms to best suit their specific purposes and circumstances.
This document discusses how technological factors affect business. It identifies key technological factors like the internet, mobile devices, wireless connectivity, software, and cloud computing that have impacted businesses. Some advantages of these technologies are increased reach through digital marketing and greater speed and flexibility to adapt to market changes. However, these same technologies also lead to increased competition and homogenization of products and marketing approaches as businesses adopt similar effective strategies.
This document discusses the key drivers of innovation in organizations. It identifies 10 main drivers: 1) Corporate culture, 2) Individuals, 3) Teams, 4) The enterprise, 5) Processes, 6) Offerings, 7) Psychological climate, 8) Physical environment, 9) Economic environment, and 10) Geopolitical culture. It explains how each of these factors can encourage and motivate innovation in an organization when supported and leveraged effectively.
The document discusses sources of value creation through mergers and acquisitions. It defines value and value creation, and outlines four models for creating value through M&A: Ansoff's product market matrix model, BCG matrix model, grand matrix model, and industry/product life cycle. The models identify strategies like market penetration, product development, backward integration, and diversification that can be applied at different stages to generate synergies, economies of scale, access to new markets and technology, and limit competition. A case study is presented of two companies merging to access new regions, diversify products, and realize cost savings, ultimately increasing shareholder wealth.
Innovation is the implementation of new ideas through adaptation and adoption of changes. It is necessary for organizations to innovate in order to rapidly change with technology and market trends, expand business, and survive in competitive markets. Innovation involves several phases and is influenced by factors such as an organization's culture, resources, and openness to ideas.
Diversification is a corporate strategy where a firm enters new markets or industries that are not currently part of its business by developing new products for those markets. Firms diversify for reasons such as having excess resources, diminishing growth in their current industry, cost savings opportunities, or spreading business risks. There are two main types of diversification: related diversification, where a firm leverages its technical expertise across industries, and unrelated diversification, where a firm enters industries with no strategic fit. Firms must evaluate the attractiveness and costs of new industries as well as whether diversification creates shareholder value.
This document discusses international technology transfer. It defines technology transfer as the process of transferring technology from its source or owner to a recipient. The document outlines different ways technology can be transferred, such as through foreign investment, trade, licensing patents, technical assistance, or student/faculty movement between institutions. It provides examples of different organizations in India that assist with technology transfer and discusses the importance of technological transfer for developing intellectual property and creating new products and services.
Entrepreneurial Venture and Its ComponentsOfunre Iriobe
This slide discusses what makes an entrepreneurial venture different from regular businesses, and also highlights the components aspiring entrepreneurs need to pursue.
Foreign direct investment (FDI) is an important source of foreign investment in developing countries like India. It provides capital to supplement domestic investment and support higher economic growth. FDI refers to investment made by a company or entity located in one country into business interests located in another country. It is more stable than investments in a country's stock market because it represents durable, long-term investments. India permits FDI through various means like joint ventures, capital markets, and private placements. Key factors that attract FDI to India include its large market size and skilled workforce. Sectors receiving the most FDI include services, software/hardware, telecom, housing, and automobiles. Mauritius, Singapore, the US and
Globalization is a process that involves the worldwide integration of economies, technologies, and cultures. It began accelerating in the late 20th century due to advances in transportation and communication technology. While globalization has led to increased economic opportunities through expanded trade and investment, it has also contributed to cultural and economic homogenization. It has impacted systems of governance, urban development, labor markets, and gender norms around the world. Both supporters and critics of globalization make arguments around its effects on issues like sovereignty, inequality, and cultural diversity.
Impact of technology on international businessKiran sharma
This document discusses the impact of technology on international business. It covers three main topics:
1) It defines different types of technology including product, process, and management technology.
2) It explores the social implications of technology, such as increasing consumer expectations and system complexity.
3) It examines the economic implications, including increased productivity through technology adoption, greater investment needs in research and development, and increased regulation.
Globalisation and Outsourcing : Impact on Agriculture and PoliticsNikhil Gupta
This is a Powerpoint Presentation on Globalization and Outsorcing . It includes Acknowledgement, meaning of globalization, impact on agriculture,impact on politics. impact of globaliazation on Indian Economy.
This presentation is made by Nikhil Gupta (nikhilgupta1998@yahoo.in)
No 3: Sources of Finance for Developmentmattbentley34
The document summarizes various sources of finance for development, including international institutions like the IMF and World Bank, which provide loans and assistance to countries. Special Drawing Rights and the International Finance Facility also aim to raise funds for development goals. Foreign direct investment, aid from bilateral and multilateral sources, and tax measures are discussed as potential sources, but each also has benefits and criticisms regarding feasibility and appropriate usage of funds.
The document discusses concepts related to developing export markets and internationalization for small and medium enterprises (SMEs). It provides definitions for key terms, barriers and benefits to exporting and internationalization. The document also includes case studies of several SMEs that successfully expanded into international markets and developed export activities. It concludes with recommendations for SMEs to identify business needs, develop export strategies, and conduct market research when internationalizing.
Study of International Business Articles.
Part 1: Essential of International Business.
Part 2: Theories applied to International Business.
Part 3: Bargaining Approach and Resources.
Part 4: International Business Phenomena.
Part 5: Internalization.
Part 6: Competitive advantages.
The document discusses modernizing measures and instruments for development finance in the post-2015 era. It outlines that development finance is becoming more complex with many sources beyond traditional ODA. The OECD aims to promote transparency, accountability and mobilization of resources through modernizing its statistical framework. Key aspects of modernization agreed at the 2014 OECD DAC High Level Meeting include: measuring ODA loans at grant equivalents, better targeting of ODA to those most in need, and capturing mobilized private finance through Total Official Support for Sustainable Development (TOSSD) statistics.
Entrepreneurship provides numerous economic benefits to a country including increasing employment opportunities, creating new industries, and generating higher incomes. It leads to job creation, both through self-employment and by businesses hiring more employees. Successful entrepreneurial activities can raise standards of living and increase tax revenues. This supports economic growth as more industries boost production capacity and encourage local sourcing of materials. Greater entrepreneurship reduces reliance on imports by enabling countries to produce and export more locally-made goods.
Slide deck from a two day workshop for a multinational company in Shanghai on Innovation and Innovation Management, utilizing HBR Case Studies of Google, Apple and others introducing basic conceptions of innovation, the innovation value chain and entrepreneurship. Main goal of this workshop to create a mind shift from idea generation towards idea conversion and commercialization of products. Especially pointing out the importance of proper political and strategic support in the organization.
Foreign direct investment (FDI) involves a controlling ownership in a business by an entity based in another country. FDI brings funding and expertise from developed countries to help emerging markets expand. World FDI increased 9% to $1.45 trillion in 2013, with over half going to developing countries. FDI has advantages like increasing capital and job opportunities, but can also negatively impact local communities and allow foreign giants to take market share. While India is working to improve its regulatory environment and maximize stability to attract more FDI, it still faces challenges like resource and equity issues, political challenges, and reducing poverty.
The document discusses various forms of international organization design. It defines organization design and identifies factors that affect design such as strategy, technology, environment, and culture. It then describes five main forms of global organization design: global product design, global area design, global functional design, global customer design, and global matrix design. For each design, it provides examples, advantages, and disadvantages. Finally, it notes that most firms use a hybrid design that blends elements of the different pure forms to best suit their specific purposes and circumstances.
This document discusses how technological factors affect business. It identifies key technological factors like the internet, mobile devices, wireless connectivity, software, and cloud computing that have impacted businesses. Some advantages of these technologies are increased reach through digital marketing and greater speed and flexibility to adapt to market changes. However, these same technologies also lead to increased competition and homogenization of products and marketing approaches as businesses adopt similar effective strategies.
This document discusses the key drivers of innovation in organizations. It identifies 10 main drivers: 1) Corporate culture, 2) Individuals, 3) Teams, 4) The enterprise, 5) Processes, 6) Offerings, 7) Psychological climate, 8) Physical environment, 9) Economic environment, and 10) Geopolitical culture. It explains how each of these factors can encourage and motivate innovation in an organization when supported and leveraged effectively.
The document discusses sources of value creation through mergers and acquisitions. It defines value and value creation, and outlines four models for creating value through M&A: Ansoff's product market matrix model, BCG matrix model, grand matrix model, and industry/product life cycle. The models identify strategies like market penetration, product development, backward integration, and diversification that can be applied at different stages to generate synergies, economies of scale, access to new markets and technology, and limit competition. A case study is presented of two companies merging to access new regions, diversify products, and realize cost savings, ultimately increasing shareholder wealth.
Innovation is the implementation of new ideas through adaptation and adoption of changes. It is necessary for organizations to innovate in order to rapidly change with technology and market trends, expand business, and survive in competitive markets. Innovation involves several phases and is influenced by factors such as an organization's culture, resources, and openness to ideas.
The document provides several creative baby shower gift wrapping ideas to make gifts look wonderful, including:
- Confetti dipped wrapping, where confetti is glued to gift paper corners and dipped in confetti
- Cute gift bags made by wrapping gifts wider like a bag bottom and adding handles
- Vintage wrapping using plain brown paper, rope twists, and small plants or twigs
- Flower cupcake liners stacked to make flowers for gift tops
It emphasizes that beautiful presentation is important for wonderful gifts.
Este documento presenta los resúmenes de 15 grupos sobre diferentes técnicas e instrumentos de evaluación educativa como la observación, encuesta, entrevista, pruebas objetivas, ensayos, rubricas, portafolios y estudios de casos. Cada grupo explica brevemente uno de estos métodos de evaluación y cómo se pueden aplicar en el aula.
Local artist Marty Young painted a portrait honoring 12 local veterans from different branches of the military and eras of service. The painting was donated to the Trumbull County Veterans Service Commission and hangs in their resource center. It pays tribute not only to the veterans featured but to all past and future veterans. Those who have seen the portrait, including veterans and veteran services directors, appreciate it for preserving veterans' stories and honoring their contributions and sacrifices.
BUS 499, Week 10 Lecture Strategic EntrepreneurshipSlide #Top.docxRAHUL126667
BUS 499, Week 10 Lecture: Strategic Entrepreneurship
Slide #
Topic
Narration
1
Introduction
Welcome to Senior Seminar in Business Administration.
In this lesson we will discuss Strategic Entrepreneurship.
Please go to the next slide.
2
Objectives
Upon completion of this lesson, you will be able to:
Analyze strategic entrepreneurship and corporate entrepreneurship.
Please go to the next slide.
3
Supporting Topics
In order to achieve this objective, the following supporting topics will be covered:
Entrepreneurship and entrepreneurial opportunities;
Innovation;
Entrepreneurs;
International entrepreneurship;
Internal innovation;
Implementing internal innovation;
Innovation through cooperative strategies;
Innovation through acquisitions; and
Creating value through strategic entrepreneurship.
Please go to the next slide.
4
Entrepreneurship and Entrepreneurial Opportunities
Entrepreneurship is the process by which individuals or groups identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control.
Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market. These opportunities exist because of competitive imperfections in markets and among the factors of production used to produce them or because they were independently developed by entrepreneurs. Entrepreneurial opportunities come in a host of forms such in a new market. Firms should be receptive to pursuing entrepreneurial opportunities whenever and wherever they may surface.
The essence of entrepreneurship is to identify and exploit entrepreneurial opportunities; that is, opportunities others do not see or for which they do not recognize the commercial potential.
Please go to the next slide.
5
Innovation
Innovation is a key outcome firms seek through entrepreneurship and is often the source of competitive success, especially in turbulent, highly competitive environments.
Firms engage in three types of innovative activity:
Invention is the act of creating or developing a new product or process.
Innovation is the process of creating a commercial product from an invention. Innovation begins after an invention is chosen for development. Thus, an invention brings something new into being, while an innovation brings something new into use. Accordingly, technical criteria are used to determine the success of an innovation.
Finally, imitation is the adoption of a similar innovation by different firms. Imitation usually leads to product or process standardization, and products based on imitation often are offered at lower prices, but without as many features. Entrepreneurship is critical to innovative activity in that it acts as the linchpin between invention and innovation.
Please go to the next slide.
6
Check Your Understanding
7
Entrepreneurs
Entrepreneurs are individuals, acting independently or as part of an organization, who see an entrepreneurial opportunity a ...
The document discusses innovation and research. It defines innovation as something original and new that breaks into the market or society. Research is defined as a process used to collect and analyze information to increase understanding of a topic. The document then discusses barriers to innovation in India such as poor intellectual property laws, low research funding, and issues with the education system. It provides examples of past innovations in India like the Green Revolution and white revolution. Finally, it proposes solutions like reforming education, increasing collaboration between industry and research, and public-private partnerships to drive innovation.
The document outlines Gauteng's innovation strategy, which aims to accelerate innovation in all its forms. It defines innovation broadly, including economic, social, and public innovations. The strategy has three policy objectives: promoting strategic industries and sectors, driving social and public innovation, and enabling effortless communication and access to information. Five initial interventions are proposed: an innovation development office, collaboration networks, innovation incentivization, cluster and precinct management, and smart city support. The strategy emphasizes involving society in innovation through open innovation and community participation.
1) Entrepreneurship development aims to improve entrepreneurs' skills through training programs to increase the number of entrepreneurs. It is one of the four major factors of production along with land, labor, and capital.
2) Small businesses are defined based on investment in plant and machinery in India. The MSMED Act defines micro, small, and medium enterprises based on investment ceilings. Small businesses play a significant role in employment generation and economic development in India.
3) Intellectual property rights like patents, trademarks, and copyrights are important for innovative entrepreneurs as they allow protection of inventions and give competitive advantage over others. The government also provides various institutional supports like the National Small Industries Corporation to promote small businesses in
1. Growth refers to the rise in goods and services an economy produces, while productivity is the output per unit of input.
2. Key sources of economic growth include investment and capital accumulation, available resources, compatible institutions, technological advances, and entrepreneurship.
3. Modern growth theories emphasize the role of technological progress rather than capital accumulation, highlighting how technology can overcome diminishing returns through mechanisms like learning by doing.
1. The document discusses the meaning, need, and factors affecting entrepreneurship. It defines entrepreneurship as the process of designing, launching, and running a new business to generate profit, while bearing risks.
2. The need for entrepreneurship includes job creation, innovation, community development, integration of outsiders, and enhancing standards of living. Economic factors like capital, labor, raw materials, market, and infrastructure influence entrepreneurial development.
3. Social factors such as caste, family system, and values & beliefs also impact entrepreneurship by shaping people's basic norms and behaviors.
Senior Seminar in Business AdministrationBUS 499 Strategic.docxedgar6wallace88877
Senior Seminar in Business Administration
BUS 499
Strategic Entrepreneurship
Welcome to Senior Seminar in Business Administration.
In this lesson we will discuss Strategic Entrepreneurship.
Please go to the next slide.
Objectives
Upon completion of this lesson, you will be able to:
Analyze strategic entrepreneurship and corporate entrepreneurship.
Upon completion of this lesson, you will be able to:
Analyze strategic entrepreneurship and corporate entrepreneurship.
Please go to the next slide.
Supporting Topics
Entrepreneurship and Entrepreneurial Opportunities
Innovation
Entrepreneurs
International Entrepreneurship
Internal Innovation
Implementing Internal Innovation
Innovation Through Cooperative Strategies
Innovation Through Acquisitions
Creating Value Through Strategic Entrepreneurship
In order to achieve this objective, the following supporting topics will be covered:
Entrepreneurship and entrepreneurial opportunities;
Innovation;
Entrepreneurs;
International entrepreneurship;
Internal innovation;
Implementing internal innovation;
Innovation through cooperative strategies;
Innovation through acquisitions; and
Creating value through strategic entrepreneurship.
Please go to the next slide.
Entrepreneurship and Entrepreneurial Opportunities
Definition
Entrepreneurial Opportunities
Essence of Entrepreneurship
Entrepreneurship is the process by which individuals or groups identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control.
Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market. These opportunities exist because of competitive imperfections in markets and among the factors of production used to produce them or because they were independently developed by entrepreneurs. Entrepreneurial opportunities come in a host of forms such in a new market. Firms should be receptive to pursuing entrepreneurial opportunities whenever and wherever they may surface.
The essence of entrepreneurship is to identify and exploit entrepreneurial opportunities; that is, opportunities others do not see or for which they do not recognize the commercial potential.
Please go to the next slide.
Innovation
Invention
The act of creating or developing a new product or process
Innovation
The process of creating a commercial product from an invention
Imitation
The adoption of a similar innovation by different firms
Innovation is a key outcome firms seek through entrepreneurship and is often the source of competitive success, especially in turbulent, highly competitive environments.
Firms engage in three types of innovative activity:
Invention is the act of creating or developing a new product or process.
Innovation is the process of creating a commercial product from an invention. Innovation begins after an invention is chosen for development. Thus, an invention brings something new into being, wh.
This document provides an overview of entrepreneurship and entrepreneurship development. It defines an entrepreneur as someone who establishes a business venture taking on risks to make a profit. Entrepreneurship development is the process of enhancing entrepreneurs' skills and knowledge to develop, manage, and organize a business while considering associated risks. The document outlines a 10-step process for an effective entrepreneurship development program including selecting participants, identifying local markets, providing support and training, and evaluating pilot programs. It also describes characteristics of successful entrepreneurs such as risk-taking, innovation, and vision.
The document discusses creativity and innovation in business, covering topics such as the characteristics and components of innovation, different models of the innovation process, factors that influence innovation, and how organizations can foster cultures and structures to promote innovation. It provides an overview of key aspects of managing innovation, including organizing structures for innovation, strategies to encourage a creative climate, and approaches to research and development management.
Report on entrepreneurship karan sharmaNaveen Kumar
The document is a project report on entrepreneurship in India submitted by Karan Sharma. It discusses various factors related to entrepreneurship including what motivates entrepreneurs, socio-cultural factors, access to finance, education and innovation, and the business environment. The report finds that the principal motivation for entrepreneurs is the challenge of starting a new business. It also notes the importance of family support for entrepreneurs and the various sources of financing used, including self-financing. The report recommends recognizing and rewarding entrepreneurs to encourage more people to start businesses.
Blue Ocean Strategy For Entrepreneurship Promotion Dr DhamejaNITTTR Chandigarh
The author has applied the latest management strategy Blue Ocean Strategy for promotion of entrepreneurship in Technical, Vocational Education and Training System (TVET).
The document discusses theories of entrepreneurship including economic, sociological, cultural values, psychological, innovation, and Harvard school theories. It provides details on the economic theory which links entrepreneurship and economic growth. The sociological theory notes social factors like culture, values, and customs influence entrepreneurs. The innovation theory posits entrepreneurs drive growth through new products, production methods, markets, resources, and organization. Overall, the document examines different perspectives on what drives entrepreneurship.
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
500 Word Essays About Entrepreneurship and Its Types500 Word Essay
Entrepreneurship, often hailed as the backbone of economic growth and innovation, is a dynamic and multifaceted concept that involves the identification and exploitation of opportunities to create value. Entrepreneurs, fueled by a combination of vision, passion, and resilience, play a pivotal role in shaping industries, fostering economic development, and driving societal progress.
“Corporate sector critical partnership in research development and sustained ...Abdul D. Mohammed
The document discusses the importance of partnerships between the corporate sector, research institutions, and governments in driving research and development and sustaining economic growth in emerging economies. It argues that increased investment from the private sector in R&D through collaborative projects with universities and research centers can help accelerate innovation and boost emerging market economies. The document also proposes the establishment of the Africa Asia Pacific Association of Small and Medium Enterprises as a platform to foster more sustainable partnerships between businesses and research organizations across Africa, Asia, and the Pacific.
2012 ReEnergize the Americas 6B: Cathy SwainReenergize
The document summarizes a presentation about the Hub of Human Innovation, a technology incubator focused on clean energy, biomedical, advanced manufacturing, and other sectors. The incubator provides business support services and resources to startup clients to help them survive the vulnerable early stages. It has a Clean Energy Incubator Program and partners with local universities and organizations. The incubator helps create jobs and economic opportunities in the El Paso region.
The document discusses start-up companies and their role in job creation. It makes three key points:
1) Start-ups are important for job and economic growth, especially during times of crisis, as they commercialize new technologies and ideas. However, a new entrepreneur does not necessarily create new jobs beyond their own.
2) For start-ups to succeed, they need access to funding beyond traditional loans, as they are high-risk ventures without revenues or profits. They rely on venture capital, business angels, and other specialized funding.
3) Successful start-ups are important for economies as just 1% of high-growth start-ups create 40% of new jobs in a given year.
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A Short Status Quo, From Inside Tech Entrepreneurship.Factory
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“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
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12 pillars collective fit world economic forum
1. 12 Pillars – World Economic Forum
The WEF framework groups 100 factors into 12 pillars that represent the structural supports of a competitive economy. With regard to a country
and its economy, these pillars should be among the key areas of focus for board members and executive management of organizations with
operations there or with short- or long-term plans to enter that market. Here are those pillars, and why they are important:
Author: https://blog.protiviti.com/2013/09/26/evaluating-global-risk-wef-and-the-12-pillars/
1. Institutions.
2. Infrastructure
4. Health and primary education.
5. Higher education and training
6. Goods market efficiency.
7. Labor market efficiency.
8. Financial market development.
9. Technological readiness.
10. Market size
11. Business sophistication.
12. Innovation.
PERFECT
ECONOMIC
MODEL
DESIGN
USING
TECHNOLOGY
TO BENEFIT
ALL
2. 1. INSTITUTIONS
1. Institutions.
These collective bodies and
structures comprise the legal
and administrative
environment in which
individuals, firms and
governments interact to
generate wealth. Simply
stated, investors need to
believe the marketplace is fair
and that their investments are
going to be protected.
Delivering services, products, research and innovation
centers focused on
Technology Testing as a service
Promotion through collective
Transparency in model gives fair access to
All information
3. 2. Infrastructure
2. Infrastructure
Roads, transportation
and reliable utilities are
crucial to facilitating the
sale, purchase and
transporting of goods
and services.
Infrastructure not affected as goods, services,
products are all technology – cloud based – labour
based services.
4. 3. Macroeconomic environment
3. Macroeconomic
environment.
Healthy competition requires
a stable economy with a
reasonably stable monetary
unit. Businesses find it
challenging to operate
efficiently during periods of
high inflation.
Monetary unit to be used is Crypto currency adding
Blockchain for security and transparency co-ordinated
by Lykke and supported by the bitcache system
created by Kim Dotcom and Megaupload.
The stability of the crypto will be forced by the
widespread adoption due to ease of movement of
small amounts of currency with no fees.
5. 4. Health and primary education
4. Health and primary
education.
Basic healthcare and
education are critical to a
trainable, sustainable
workforce with low
absenteeism and the skills to
perform more than just
rudimentary manual labor.
Health is taken care of through the funds that are
funneled to the collective to grow vegetables, nuts,
seeds, fruits and berries by the collective for the
benefit of all.
Poverty Alleviation is the mainstay of the collective
economy premise: Purpose + Profit
Primary education is served through increase in
sustainable nutrition enabling learning at a higher
level. Raising the low point.
6. 5. Higher education and training
5. Higher education and
training.
Economies that want to move
beyond simple production and
products need to provide a
way for workers to adapt and
continuously improve their
skills. Otherwise, they are
forced to import skills.
Open Access = Innovation = Jobs
Open a mind, save a life. Giving freedom to learn
whatever sparks a mind through open access learning
will inspire and encourage self learning which will
create a willing workforce. Along with being fed, this
means a productive workforce filled with passion
7. 6. Goods market efficiency
6. Goods market
efficiency.
Healthy competition – both
domestic and foreign –
encourages the efficient
production of the right
goods in the right
quantities at a fair price.
As a service delivery in the first instance offering
App Testing by the Market that will be using the
products we will offer the highest quality service
possible to ensure that products that get to market fit
the needs of the average person.
An inclusive workforce ensures a widespread surface
of demographic for testing products
8. 7. Labor market efficiency
7. Labor market
efficiency.
A healthy labor market that
allows workers to be
employed at their highest
and best use enhances
quality and productivity.
Open Access opportunities ensures that those most
interested in the industry will be those that are
employed. As opportunities in all sectors of the
spectrum will be opened up as the economy grows so
the most passionate will find their niche, growing the
economic foundations for quality and productivity
9. 8. Financial market development
8. Financial market
development.
An efficient financial sector
weighs risks and allocates
resources to those
entrepreneurial or investment
projects with the highest
expected rates of return, rather
than to the politically
connected.
With Apps and Websites being built at a rate of knots,
bots, ai and more with Internet Of Things reaching a
broader target market is of great value. Our return on
investment includes an integral part of Poverty
Alleviation with no opportunity to steal or remove
from the collective pot ensuring the Purpose is served
with the Profits increasing as the effectiveness is
shown in it’s proof.
10. 9. Technological readiness
9. Technological readiness.
A competitive economy needs
to provide access to existing
and emerging technologies or
risk falling behind other
countries with those
capabilities.
Open Access to learning
Testing latest technology, processes, applications,
tools and software puts us at the forefront of
technological advances
Encourages and inspires innovation as broadens
minds and perspectives on possibilities
Innovation encouraged through mentorship + other
learning means we become the leaders in tech.
11. 10. Market size
10. Market size.
Economies of scale can
make a big difference in
pricing and productivity.
Not sure what to say here.
12. 11. Business sophistication
11. Business
sophistication.
The most competitive
economies are those with
the most networked and
advanced operations and
strategies.
The business sophistication lies in it’s simplicity in
focusing on the employee benefits plus poverty
alleviation to raise the low point whilst allowing for
profit shares and encouraging ambition through
inspiring innovation.
Strategies are to maintain a healthy workforce
connected to the worlds wisest innovators through
open access to maintain momentum on innovation
13. 12. Innovation
12. Innovation.
Beyond technological
readiness, a competitive
economy must nurture
original thought, leading to
the creation of new
technologies, new
applications, and new
processes and
procedures.
Open access to learning inspires limitless
opportunities to design, create and innovate on all
levels of the economic spectrum not Just Technology.
Although technology is the originator of the
innovation and will continue as the mainstay to
raising the low point of the average person by being
inclusive with a Positive, Proactive and Productive
attitude to growth.
14. Limitless Opportunities Exist to do things better
The Collectives Ideology:
Respect
Gratitude
Kindness
The Collective Lifestyle:
Positive
Productive
Proactive
The Collective Economy:
Inclusive
Inspiring
Innovative
Design & Concept:
Bonnie Crofford
#Pi
Predictive Ideology
15. Proof of Concept
Research, Training & Development Arc:
Start Blouberg: October 2016
Trainee/collaborator: x 1
Develop income streams; put into collective; grow ourselves to grow one another
Develop Digital Assets Library to grow income engine
Put into the Collective immediately
Grow the Collective Touch Points across all industries: especially Garden:
My Connections: to be named + their connections in developing a program that will befit all in growing seed bases / banks,
learning spaces and innovation opportunities for communities to explore and learn to grow own vegetables quickly to begin
feeding people.
a) Discover: quick growing super foods that grow without too much nurturing – Gooseberries
b) Get folk involved: collect the collaborative energy of the poverty people already doing it
c) Create collaboration system that works for everyone to grow successfully: produce, teaching and feeding efforts quickly
d) Set status goals, infrastructure to run itself without needing an individual whilst still using an hierarchy to co-ordinate