This document discusses various topics related to new venture planning and management, including defining entrepreneurship and different types of entrepreneurs. It also discusses the competencies and qualities needed for entrepreneurship, as well as factors that affect entrepreneurship. Additionally, it covers opportunity identification, trend identification, forms of business organization, and steps involved in business establishment. The document contains slides on what makes startups succeed according to a study, including key factors like idea, team/execution, business model, funding, and timing. It also notes that most startups ultimately fail and discusses some common reasons for startup failure.
Teachers play a vital role in society by educating and shaping the minds of students. If you're considering a career as a teacher, here are some key aspects to consider:
Passion for Education: Teaching requires a genuine passion for education and a desire to make a positive impact on students' lives. Ask yourself if you enjoy working with young people, if you find joy in helping others learn, and if you have a genuine interest in the subjects you would like to teach.
Communication and Interpersonal Skills: Effective teachers possess strong communication and interpersonal skills. They can convey information clearly, engage students in discussions, and build positive relationships with their students, parents, and colleagues.
Patience and Adaptability: Teaching can be challenging, so it's important to be patient and adaptable. Students come from diverse backgrounds and have different learning styles and abilities. As a teacher, you need to be patient, understanding, and willing to adapt your teaching methods to meet the needs of individual students.
Continuous Learning: Education is a lifelong journey, and teachers are lifelong learners. To be effective, teachers must stay up-to-date with the latest teaching techniques, curriculum changes, and educational trends. Continuing professional development is crucial to provide the best learning experience for students.
Impact and Influence: Teaching offers the opportunity to make a lasting impact on students' lives. As a teacher, you have the power to inspire, motivate, and empower students. The ability to shape young minds and help students reach their full potential can be incredibly rewarding.
Challenges and Rewards: Teaching can be both challenging and rewarding. It requires dedication, resilience, and the ability to handle various responsibilities such as lesson planning, grading, classroom management, and addressing individual student needs. However, the joy of seeing students grow, learn, and succeed can make it all worthwhile.
Professional Support: Look into the support available for teachers, such as mentoring programs, professional development opportunities, and a supportive school community. Having a supportive network can help you thrive and overcome challenges in your teaching career.
Remember, teaching is a profession that requires commitment and a genuine interest in nurturing the minds of future generations. It's important to thoroughly research the education requirements and licensing processes in your country or region to ensure you meet the necessary qualifications. Consider shadowing or volunteering in classrooms to gain firsthand experience and a better understanding of the teaching profession before making a final decision.
Innovation is all about value creation. So how can we improve the probability of success? In this presentation, we would provide 5 key points as a way to start.
This module aims to explore your creative business, and adapting it from an idea into an opportunity. It will also examine the role of marketing research and thoroughly assess key sections of the actual business plan.
An Analysis of the Learning Processes of Successful EntrepreneursBrian Chupp
Numerous studies show that small business and entrepreneurism are vital to the health of our nation’s economy. In fact, over the last decade, these types of ventures account for 70% of economic growth, 75% of new jobs, and represent 99% of all employers. However, there remains a high rate of failure in these ventures, with over 60% of them failing within 6 years. Studies show that one reason for this failure is that entrepreneurs fail to learn new knowledge/skills as their organizations grow.
Unfortunately, only a limited number of studies have been conducted to investigate the learning process of entrepreneurs. The purpose of this descriptive ethnography was twofold: (1) explore the learning and development challenges experienced by entrepreneurs in the various phases of organizational growth, and (2) explore how entrepreneurs recognize the need to learn and develop plans to address the challenges. Once learning and development challenges, along with corresponding knowledge and skills, are identified, then learning solutions can be developed and offered to help entrepreneurs acquire them.
This descriptive ethnography was conducted with nine entrepreneurs from Northwest Ohio and Southeastern Michigan. Results included primary themes of learning challenges and the knowledge/skills needed to overcome them. Means of recognizing the need to learn new knowledge/skills and learning tools to acquire them were identified. Finally, participants gave nine pieces of advice for fellow entrepreneurs.
This study resulted in 14 findings regarding entrepreneurial learning. Recommendations were provided for entrepreneurs, learning solution providers, and lending institutions. Several additional recommendations for future research emerged from this study, which are noted.
Review a comprehensive strategy for taking your organization to the next level. Business owners are overwhelmed and distracted with day to day activities and tasks. Owners need to make important decisions, quickly, with greater consequences, and often with limited information on hand. Owners concentrate on the tactical decisions and often neglect the strategic ones. Learn the Key Performance Indicators and quantifiable measurements that reflect the critical success factors of a business. This session will provide real world examples and techniques for leveraging existing resources and a systematic approach for growing your business.
What is an Entrepreneur?
One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying and assembling the necessary resources to capitalize on them.
What is innovation? The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society.
Innovation is generally considered to be the result of a process that brings together various novel ideas in a way that they have an impact on society.
What is competition? An innovation competition is a method or process of the industrial process, product or business development. It is a form of social engineering, which focuses to the creation and elaboration of the best and sustainable ideas, coming from the best innovators.
Competition is not just another business that might take money away from you. It can be another product or service that's being developed and which you ought to be selling or looking to license before somebody else takes it up.
Check out: www.eleaderstochange.com
Follow: #eleaders2change
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
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Similar to 2-Opportunity Identification And Trend Identificatio; Factors affecting entrepreneurship-14-07-2022 [14-Jul-2022]Material_I_1.pptx
Teachers play a vital role in society by educating and shaping the minds of students. If you're considering a career as a teacher, here are some key aspects to consider:
Passion for Education: Teaching requires a genuine passion for education and a desire to make a positive impact on students' lives. Ask yourself if you enjoy working with young people, if you find joy in helping others learn, and if you have a genuine interest in the subjects you would like to teach.
Communication and Interpersonal Skills: Effective teachers possess strong communication and interpersonal skills. They can convey information clearly, engage students in discussions, and build positive relationships with their students, parents, and colleagues.
Patience and Adaptability: Teaching can be challenging, so it's important to be patient and adaptable. Students come from diverse backgrounds and have different learning styles and abilities. As a teacher, you need to be patient, understanding, and willing to adapt your teaching methods to meet the needs of individual students.
Continuous Learning: Education is a lifelong journey, and teachers are lifelong learners. To be effective, teachers must stay up-to-date with the latest teaching techniques, curriculum changes, and educational trends. Continuing professional development is crucial to provide the best learning experience for students.
Impact and Influence: Teaching offers the opportunity to make a lasting impact on students' lives. As a teacher, you have the power to inspire, motivate, and empower students. The ability to shape young minds and help students reach their full potential can be incredibly rewarding.
Challenges and Rewards: Teaching can be both challenging and rewarding. It requires dedication, resilience, and the ability to handle various responsibilities such as lesson planning, grading, classroom management, and addressing individual student needs. However, the joy of seeing students grow, learn, and succeed can make it all worthwhile.
Professional Support: Look into the support available for teachers, such as mentoring programs, professional development opportunities, and a supportive school community. Having a supportive network can help you thrive and overcome challenges in your teaching career.
Remember, teaching is a profession that requires commitment and a genuine interest in nurturing the minds of future generations. It's important to thoroughly research the education requirements and licensing processes in your country or region to ensure you meet the necessary qualifications. Consider shadowing or volunteering in classrooms to gain firsthand experience and a better understanding of the teaching profession before making a final decision.
Innovation is all about value creation. So how can we improve the probability of success? In this presentation, we would provide 5 key points as a way to start.
This module aims to explore your creative business, and adapting it from an idea into an opportunity. It will also examine the role of marketing research and thoroughly assess key sections of the actual business plan.
An Analysis of the Learning Processes of Successful EntrepreneursBrian Chupp
Numerous studies show that small business and entrepreneurism are vital to the health of our nation’s economy. In fact, over the last decade, these types of ventures account for 70% of economic growth, 75% of new jobs, and represent 99% of all employers. However, there remains a high rate of failure in these ventures, with over 60% of them failing within 6 years. Studies show that one reason for this failure is that entrepreneurs fail to learn new knowledge/skills as their organizations grow.
Unfortunately, only a limited number of studies have been conducted to investigate the learning process of entrepreneurs. The purpose of this descriptive ethnography was twofold: (1) explore the learning and development challenges experienced by entrepreneurs in the various phases of organizational growth, and (2) explore how entrepreneurs recognize the need to learn and develop plans to address the challenges. Once learning and development challenges, along with corresponding knowledge and skills, are identified, then learning solutions can be developed and offered to help entrepreneurs acquire them.
This descriptive ethnography was conducted with nine entrepreneurs from Northwest Ohio and Southeastern Michigan. Results included primary themes of learning challenges and the knowledge/skills needed to overcome them. Means of recognizing the need to learn new knowledge/skills and learning tools to acquire them were identified. Finally, participants gave nine pieces of advice for fellow entrepreneurs.
This study resulted in 14 findings regarding entrepreneurial learning. Recommendations were provided for entrepreneurs, learning solution providers, and lending institutions. Several additional recommendations for future research emerged from this study, which are noted.
Review a comprehensive strategy for taking your organization to the next level. Business owners are overwhelmed and distracted with day to day activities and tasks. Owners need to make important decisions, quickly, with greater consequences, and often with limited information on hand. Owners concentrate on the tactical decisions and often neglect the strategic ones. Learn the Key Performance Indicators and quantifiable measurements that reflect the critical success factors of a business. This session will provide real world examples and techniques for leveraging existing resources and a systematic approach for growing your business.
What is an Entrepreneur?
One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying and assembling the necessary resources to capitalize on them.
What is innovation? The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society.
Innovation is generally considered to be the result of a process that brings together various novel ideas in a way that they have an impact on society.
What is competition? An innovation competition is a method or process of the industrial process, product or business development. It is a form of social engineering, which focuses to the creation and elaboration of the best and sustainable ideas, coming from the best innovators.
Competition is not just another business that might take money away from you. It can be another product or service that's being developed and which you ought to be selling or looking to license before somebody else takes it up.
Check out: www.eleaderstochange.com
Follow: #eleaders2change
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
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CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptxR&R Consult
CFD analysis is incredibly effective at solving mysteries and improving the performance of complex systems!
Here's a great example: At a large natural gas-fired power plant, where they use waste heat to generate steam and energy, they were puzzled that their boiler wasn't producing as much steam as expected.
R&R and Tetra Engineering Group Inc. were asked to solve the issue with reduced steam production.
An inspection had shown that a significant amount of hot flue gas was bypassing the boiler tubes, where the heat was supposed to be transferred.
R&R Consult conducted a CFD analysis, which revealed that 6.3% of the flue gas was bypassing the boiler tubes without transferring heat. The analysis also showed that the flue gas was instead being directed along the sides of the boiler and between the modules that were supposed to capture the heat. This was the cause of the reduced performance.
Based on our results, Tetra Engineering installed covering plates to reduce the bypass flow. This improved the boiler's performance and increased electricity production.
It is always satisfying when we can help solve complex challenges like this. Do your systems also need a check-up or optimization? Give us a call!
Work done in cooperation with James Malloy and David Moelling from Tetra Engineering.
More examples of our work https://www.r-r-consult.dk/en/cases-en/
2-Opportunity Identification And Trend Identificatio; Factors affecting entrepreneurship-14-07-2022 [14-Jul-2022]Material_I_1.pptx
1. New Venture Planning and Management
MEE1017
Dr. Atul Kumar
Assistant Professor (Sr)
School of Mechanical Engineering
2. Module: 1
Entrepreneurship; Definition and Types
Entrepreneurship as a career
Competencies and qualities of an entrepreneur
Opportunity Identification and Trend Identification
Factors affecting entrepreneurship
Forms of business organization- Advantages and disadvantages
Steps involved in business establishment - Factors to be considered in plant
location
3. Vellore Institute of technology
3
What Makes Startups Succeed?
There are five essential elements that lead to
successful startups
IDEA
TEAM &
Execution
BUSINESS MODEL FUNDING TIMING
4. Vellore Institute of technology
4
What Makes Startups Succeed?
[Based on a study by IdeaLab]
14%
24%
28%
32%
42%
Factors of
success
across
more than
200
companies
Time
Team &
Execution
Idea
Business
Model
Funding
5. Vellore Institute of technology
5
The Startup Realty
The grim reality is that most startups fail
8. Vellore Institute of technology
8
Why start up fails ?
Too many startups begin with an idea for a product that they think
people want.
They then spend months, sometimes years, perfecting that product
without ever showing the product to the prospective customer.
When they fail to reach broad uptake from customers, it is often
because they never spoke to prospective customers and determined
whether or not the product was interesting.
When customers ultimately communicate, through their indifference,
that they don't care about the idea, the start-up fails.
9. Opportunity identification
• An opportunity is a gap in a market or the possibility of doing
something both differently and better
• An opportunity is a favorable set of circumstances that creates
a need for a new product, service, or business
• The presence of unfulfilled needs and want and/or problems
motivates the entrepreneurs
• The entrepreneur later creates a business that is able to fulfill
the needs or want and/or solve the problem.
• Developing of the opportunities requires initiative, effort and
creativity.
10. How do you find opportunities
Listen to your customers
– what they saying about your industry, products and services.
– Have they used similar products and services before?
– What are their frequently asked questions?
– Experiences? Frustrations?
– Feedback and complaints?
Research your customers
Use market research to analyze your customers on multiple
levels. This will help you evaluate whether the demand for a
product/service is real, and whether expanding into a
potential new market is worthwhile for your company.
11. Look at your competitors
– Is there any established industry in your area?
–See what they doing and more importantly not
doing?
– Where are they falling down?
– What are they doing right?
– What makes customers go to them over you?
Get a high-level view of the market.
How do you find opportunities
12. Opportunity Analysis
How the product or service is produced
Technology behind the product or service
Customers’ need and the buying behaviour
Distributors and distribution channels
human skills utilized within the industry
How the product or service might be promoted to the
customer
competitors: who they are, how they act and react
13. 1. Preparation
– knowledge and experience
– background of the business
– Technical and product knowledge
2. Incubation
– Consideration of a concept
– Consideration of a specific problem
3. Insight
– Accurate and deep understanding
The 5 stages for opportunity identification
14. The 5 stages for opportunity identification
4. Evaluation
– Investigation stage
– Feasibility
– Viability
– Prospects
– Profitability
5. Elaboration
– Detailed planning
– Reduces uncertainties
– Will reveal concept areas
15. Dealing with trends and the future is one of the most
important tasks. It provides the basis for the
development of the innovation strategy for future.
Creating a plan for future customer engagement is just
as important as creating a plan for the present.
Nutritional trends are an example. In the upswing in the
1960s, fatty food was part of the quality of life. Today,
the trends are moving towards healthy eating and vegan
nutrition.
Trend identification