How to become innovation ambassador

1. EXPERT LECTURES ON
“ INNOVATION & ENTREPRENEUR”
PRESENTED BY
INNOVATION AMBASSADOR:
DR.R.S.VENKATESAN & MR.A.SHAFEEK

4. WHAT IS AN ENTREPRENEUR?

5. AN INDIVIDUAL WHO UNDERTAKES THE
RISK ASSOCIATED WITH CREATING, ORGANIZING,
AND OWNING A BUSINESS.

6. PERSONAL CHARACTERISTICS OF SUCCESSFUL
ENTREPRENEURS
•Persistent
•Creative
•Responsible
•Inquisitive
•Goal-oriented
•Independent
•Self-confident
•Risk taker

7. SKILLS NEEDED BY SUCCESSFUL ENTREPRENEURS
•Communication skills
•Human relations skills
•Math skills
•Problem-solving & Decision-making skills
•Technical skills
•Basic Business skills

8. ENTREPRENEURSHIP AND THE ENTREPRENEURIAL
PROCESS
Understand entrepreneurship
and the entrepreneurial process.
8

9. ENTREPRENEURSHIP VS. ENTREPRENEURS
9

10. 5 STEPS OF THE
ENTREPRENEURIAL PROCESS
1. Discovery
2. Concept Development
3. Resourcing
4. Actualization
5. Harvesting
10

11. STEP 1: DISCOVERY
THE STAGE IN WHICH THE ENTREPRENEUR GENERATES
IDEAS, RECOGNIZES OPPORTUNITIES, AND STUDIES THE
MARKET.
Entrepreneurs consider the following:
Hobbies or Skills
Consumer Needs and Wants
Conduct Surveys and Questionnaires
Study Demographics
11

12. 12

13. 13

14. 14

15. STEP 5: HARVESTING
The stage in which the entrepreneur
decides on venture’s future growth,
development, or demise.
Entrepreneurs consider the following:
Future Plans for the Business:
 Expansion to additional locations
 Company to change structure
15

16. STARTING A BUSINESS
Understand the procedures and requirements
for starting a business.
16

17. STARTING A BUSINESS
1. Develop a Business Plan
2. Acquire Finances
3. Meet Legal Requirements
17

18. DEVELOP A BUSINESS PLAN
A Business Plan is a detailed
proposal that describes a new
business.
Business Plans are:
 Presented to potential investors and lenders
 Most business plans are 30+ pages
18

19. PURPOSES OF A BUSINESS PLAN
Business Plans are used to:
Obtain Financing
 Banks and Potential Lenders require a business plan
Helps organize and analyze data critical to new
business.
Provides a start-up proposal
 Provides and outline to follow when starting the business.
19

20. COMPONENTS OF A BUSINESS PLAN
Executive Summary:
 Brief one to two page description of the key points of
each section of the business plan
Product/Service Plan:
 Presents Product or Service being offered
 Unique features of the Product or Service
Management Team Plan:
 Qualifications of the Entrepreneur
 Qualifications of any Partners who may be involved in
the business venture
20

21. COMPONENTS OF A BUSINESS PLAN
Industry/Market Analysis:
 Analyzes the: Customers / Competition / Industry /
Demographic / Geographic and Economic data
Operational Plan:
 Includes all processes involved in producing and/or
delivering the product or service to the customer
Organizational Plan:
 Management philosophy of the business
 Key management personnel
 Key employment policies
21

22. COMPONENTS OF A BUSINESS PLAN
Marketing Plan:
 Describes how the business will make its customers aware of its products/
services.
 The Market being served / Marketing Strategies / Promotional Plan /
Marketing Budget
Growth Plan:
 Presents plan for future expansion of the business
Financial Plan:
 Includes financial statements that will help forecast the future financial
health of the business.
22

23. FINANCE THE BUSINESS
Identify Potential Investors
Examples:
 Family and Friends
 Other Businesses
 Employees
Contact Financial Agencies for loans,
grants and financial assistance:
 Small Business Administration
 Banks / Credit Unions
 Insurance Companies
23

24. CREATIVITY
Creativity is the ability to bring something new into
being, something that did not exist before.
Creativity comprises the development of entirely new
systems, the combination of already known
information as well as the transfer of known relations
to completely new situations.
A creative action has to be intentional and must have a
purpose.

25. CREATIVITY AND THE
THOUGHT PROCESS
Convergent thinking is a fixed, structured and logical way of
thinking divided into systematic steps.
Divergent thinking is a free, disordered and imaginative way
of thinking which cannot be followed logically.
Productive creativity is controlled divergence. Creative
thinking is a type of divergent thinking which is adapted to
reality.

26. STAGES OF CREATIVE PROBLEM SOLVING
Problem
identification
Problem
analysis
Idea
generation
Evaluation Realization
Aggregation Abstraction Review

27. FACTORS OF CREATIVE EFFICIENCY
Individual factors
Personality
Age
Qualification
Intelligence
Motivation
Stress
Willingness to take risks
Organizational factors
Hierarchy
Autonomy
Management style
Information, communication
Working environment
Uniformity of procedures

28. INNOVATION – 1
Only the economic implementation of an idea can
be called innovation. The innovation process
comprises the generation of an idea, its acceptance
(decision) and realization (implementation). Creative
thinking is required particularly during the first stage
of this process.
A new idea is not inevitably the result of creative
thinking but can be based on modification or imitation.
What is more, not every creative process is followed by
the implementation of an idea.

29. INNOVATION – 2
Innovation includes any type of change
performed on a process. At the beginning it is
irrelevant, whether this change is new per see
or if it is introduced in a particular company for
the first time. Consequently the successful
transfer of previously known solutions to new
applications has to be considered an
innovation.

30. Milestones
0
1
02
03
04
SSLC
Professional Course
XII
Lovely Life
2
www.yourwebsite.com

31. JOB SATISFACTION
 Immediate Job opportunities at Abroad or India as your
Wish.
 Instant Income.
 Life style will Change.
 Successful carrier.
 Young age is enough to get job.
 Pressure less career.
 Short time promotion.
Dig Your Hear TO see Your Thoughts,
Set your Goal !! For follow your Soul

32. Thank you for your
Valued Present Here