The document discusses various aspects of entrepreneurship and creativity. It covers topics like:
- Entrepreneurship requires applying creativity and innovation to identify opportunities.
- Creativity is necessary for survival and competitive advantage.
- The killer of creativity is self-imposed restrictions.
- Developing the right brain hemisphere can enhance creativity.
- Both logical and lateral thinking are important for entrepreneurs.
- Barriers to creativity can be overcome by techniques like brainstorming.
The document discusses key concepts around entrepreneurship including definitions from various schools of thought that see the entrepreneur as an innovator, risk bearer, and organizer. It outlines the entrepreneurial process as being opportunity driven, led by an entrepreneurial team, resource efficient, creative, and integrated. Various types of entrepreneurs and metaphors for entrepreneurship are provided, as well as paradoxes and the relationship between entrepreneurs and entrepreneurship.
This document discusses the importance of creativity, innovation, and idea generation for business. It defines key terms like business opportunity, idea generation, and creativity. It also describes approaches to generating ideas like brainstorming and improving existing products. Brainstorming techniques are explained, and entrepreneurship is discussed as being at the core of innovation. The story of Lijjat Papad, a successful women's cooperative in India, is provided as an example of how a small idea can become a large business. Finally, some organizations dedicated to idea generation are listed.
The document discusses creativity, innovation, and entrepreneurship. It explains that creativity involves generating new ideas, innovation is applying those ideas, and entrepreneurship combines creative ideas with business structure. Entrepreneurs must foster creativity through techniques like brainstorming and prototyping new ideas. The creative process has stages of preparation, investigation, incubation, illumination, and implementation. Entrepreneurs can protect their creative ideas with patents, trademarks, and copyrights.
This document summarizes several theories of entrepreneurship from economic, sociological, and psychological perspectives. It discusses theories such as the economic theory viewing entrepreneurs as risk takers, the sociological theory that entrepreneurship is influenced by social and cultural values, and the psychological theory of achievement motivation positing that individuals with a high need for achievement are more likely to become entrepreneurs. It also summarizes theories related to status withdrawal, social change, leadership, personality, and systematic innovation.
This document provides an introduction to entrepreneurship, including definitions and concepts. It discusses key topics such as:
- The definition of an entrepreneur and entrepreneurship from various perspectives.
- Entrepreneurial traits like innovation, risk-bearing, and passion.
- The differences between entrepreneurs, managers, and intrapreneurs.
- The entrepreneurial decision process and 5 stages: discovery, concept development, resourcing, actualization, and harvesting.
- The role of entrepreneurship in economic development through capital formation, job creation, wealth distribution, and more.
- Ethics and social responsibility for entrepreneurs.
It provides an overview of the major concepts and topics within the field
The document is a lecture on business plans that discusses:
1) The purpose of business plans is to identify business opportunities and how the entrepreneur plans to exploit them.
2) Business plans should describe the industry, target customers, competition, company, products/services, marketing, operations, management team, risks, and financial projections.
3) Effective business plans require thorough market analysis, clear writing, and evidence to support any claims.
The document discusses key concepts around entrepreneurship including definitions from various schools of thought that see the entrepreneur as an innovator, risk bearer, and organizer. It outlines the entrepreneurial process as being opportunity driven, led by an entrepreneurial team, resource efficient, creative, and integrated. Various types of entrepreneurs and metaphors for entrepreneurship are provided, as well as paradoxes and the relationship between entrepreneurs and entrepreneurship.
This document discusses the importance of creativity, innovation, and idea generation for business. It defines key terms like business opportunity, idea generation, and creativity. It also describes approaches to generating ideas like brainstorming and improving existing products. Brainstorming techniques are explained, and entrepreneurship is discussed as being at the core of innovation. The story of Lijjat Papad, a successful women's cooperative in India, is provided as an example of how a small idea can become a large business. Finally, some organizations dedicated to idea generation are listed.
The document discusses creativity, innovation, and entrepreneurship. It explains that creativity involves generating new ideas, innovation is applying those ideas, and entrepreneurship combines creative ideas with business structure. Entrepreneurs must foster creativity through techniques like brainstorming and prototyping new ideas. The creative process has stages of preparation, investigation, incubation, illumination, and implementation. Entrepreneurs can protect their creative ideas with patents, trademarks, and copyrights.
This document summarizes several theories of entrepreneurship from economic, sociological, and psychological perspectives. It discusses theories such as the economic theory viewing entrepreneurs as risk takers, the sociological theory that entrepreneurship is influenced by social and cultural values, and the psychological theory of achievement motivation positing that individuals with a high need for achievement are more likely to become entrepreneurs. It also summarizes theories related to status withdrawal, social change, leadership, personality, and systematic innovation.
This document provides an introduction to entrepreneurship, including definitions and concepts. It discusses key topics such as:
- The definition of an entrepreneur and entrepreneurship from various perspectives.
- Entrepreneurial traits like innovation, risk-bearing, and passion.
- The differences between entrepreneurs, managers, and intrapreneurs.
- The entrepreneurial decision process and 5 stages: discovery, concept development, resourcing, actualization, and harvesting.
- The role of entrepreneurship in economic development through capital formation, job creation, wealth distribution, and more.
- Ethics and social responsibility for entrepreneurs.
It provides an overview of the major concepts and topics within the field
The document is a lecture on business plans that discusses:
1) The purpose of business plans is to identify business opportunities and how the entrepreneur plans to exploit them.
2) Business plans should describe the industry, target customers, competition, company, products/services, marketing, operations, management team, risks, and financial projections.
3) Effective business plans require thorough market analysis, clear writing, and evidence to support any claims.
Becoming an Entrepreneur is the first info graphic book of an ongoing series of books you will actually read. The average person can read these book in roughly one hour . The hope is that the big truths packed into these little books will make them different from the many other books that you would never pick up or would pick up only to quickly put down forever because they are simply too wordy and don't get to the point.
This powerpoint presentation defines entrepreneurship and discusses its history and modern applications. It begins by defining an entrepreneur as someone who organizes and manages a business while taking on financial risk. It notes that agricultural students have been involved in entrepreneurship since the early 20th century through programs like raising livestock and growing crops. Today, agricultural entrepreneurship can involve many diverse activities beyond farming like custom harvesting or operating a small engine repair service. The presentation concludes by discussing characteristics of successful entrepreneurs and different types like social and lifestyle entrepreneurs.
This presentation covers (1) Social impact of tourism; (2) Effects of globalization on tourism development; (3) Sex tourism and exploitation of women; and (4) Trends and issues shaping tourism and hospitality development.
The document discusses entrepreneurship, defining it as starting a new business and taking on the associated risks. It notes that entrepreneurs risk more than employees but also have more potential for reward. The pros of entrepreneurship are listed as making your own rules, enjoying your work, creating wealth, and helping your community, while the cons include potential business failure, unexpected obstacles, and financial insecurity early on. Successful entrepreneurs like Thomas Edison, P.T. Barnum, and Steve Jobs are mentioned. Characteristics of entrepreneurs like courage, creativity, and determination are also outlined.
The document discusses entrepreneurs and entrepreneurship. It defines an entrepreneur as an individual who creates a new business and bears most risks and rewards. Entrepreneurs play a key role in any economy by anticipating needs and bringing innovations. They are rewarded for successful startups with profits but suffer losses if they fail. Entrepreneurship is the process of starting a business or organization for profit or social needs. Entrepreneurs develop business models and are responsible for business success or failure. They drive economic growth by creating jobs, goods, and services.
This document provides an overview of entrepreneurship and key entrepreneurial concepts. It defines entrepreneurship and differentiates between entrepreneurs and businessmen. It discusses the roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors, and country. The document also examines the personal traits and competencies of successful entrepreneurs, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency, systematic planning, creative problem solving, self-confidence, assertion, and power/authority. Finally, it introduces e-business, distinguishing it from e-commerce, and discusses online marketing communication tools like direct email marketing and online catalogs.
This document provides information about entrepreneurship. It defines an entrepreneur as someone who sets up a business taking on financial risks with the hope of making a profit. Entrepreneurship facilitates economic growth by contributing to GDP, increasing productivity, creating jobs, and innovating. However, there are also barriers to entrepreneurship like lack of skills/training and access to funds. Successful entrepreneurship requires characteristics like being imaginative, persistent, self-confident, and able to take risks. Developing one's potential involves learning from role models, not fearing failure, and gaining business knowledge and skills.
The document discusses the entrepreneurial process which consists of 5 stages: discovery, concept development, resourcing, actualization, and harvesting. Discovery involves generating business ideas and studying the market. Concept development involves creating a business plan. Resourcing involves acquiring financial and human resources. Actualization involves operating the business. Harvesting involves deciding on the business's future growth or demise.
The document provides information about business registration and licensing processes in the Philippines. It outlines the various government agencies involved in registration like SEC, DTI, LGUs, and requirements for different business structures. The registration process starts with business name registration at DTI, securing permits from LGUs, and other mandatory registrations. It also lists incentives and support services provided by agencies like NERBAC to facilitate business set up.
The document outlines the 5 key stages in the entrepreneurial process:
1) Discovery - generating business ideas and recognizing opportunities
2) Concept Development - creating a business plan and choosing a location
3) Resourcing - identifying financial, human, and capital resources for startup
4) Actualization - operating the business and utilizing resources to achieve goals
5) Harvesting - deciding on the business's future growth, development or demise
To introduce strategic design for an entrepreneurial venture
To discuss some of the reasons why entrepreneurs do not carry out strategic planning
To outline entrepreneurial strategy and some benefits of strategic planning
To examine the transition from an entrepreneurial style to a managerial approach
To discuss the five stages of a typical venture life cycle
To identify key management issues occurring during the growth stages
To introduce the steps useful for breaking through the growth wall
To identify the unique managerial concerns with a growth business
To elaborate the concept of entrepreneurial leadership
To outline ways to incorporate sustainability into business strategy
Ch9 managing the entrepreneurial organizationRione Drevale
This document discusses how to manage organizations to promote corporate entrepreneurship. It explores how factors like leadership, culture, and structure influence organizational architecture. Barriers to entrepreneurship include a focus on efficiency, risk avoidance, and standard procedures. The document provides solutions for overcoming barriers, such as ignoring them, working around them, or removing them. It also outlines strategies for managing change processes and the tensions between giving employees freedom versus setting boundaries and controls.
This document discusses the role of universities in promoting entrepreneurship education and employability. It defines entrepreneurship and outlines some courses offered at Chinese universities related to entrepreneurship. The document discusses the tasks of instructors in entrepreneurship education, including teaching practical skills and shifting students from theoretical to practical learning. Positive outcomes are described, such as students gaining job skills, confidence, and control over their lives. Methods for delivering entrepreneurship education mentioned include comprehensive curriculum, risk management, teaching academic skills, and economic concepts.
Creativity and generating business ideas by J.M. pantthenetworkcampus
The document discusses various topics related to creativity and generating business ideas including opportunity recognition, developing business ideas, evaluating ideas, and lateral thinking. It introduces concepts like the six thinking hats approach to creative thinking (white, red, black, yellow, green, blue hats) and emphasizes that while ideas are necessary, opportunities require further development and implementation to become successful businesses.
Entrepreneurship is a purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandise profit by production or distribution of economic goods.
The document discusses various definitions and concepts of entrepreneurship from different scholars and authors. It defines entrepreneurship as a purposeful economic activity that involves innovation, risk-taking, organizing abilities and leadership. Entrepreneurship requires combining capital, technology and human intellect to undertake new production processes and introduce new products, sources of supply and techniques. The document also discusses different types of entrepreneurs such as innovative, imitative, habitual and serial entrepreneurs.
The document discusses entrepreneurship and motivation. It defines an entrepreneur as someone who starts an enterprise and takes on risks to resell products or resources. Entrepreneurship is important for economic development by creating jobs, utilizing resources, and promoting innovations. There are various types of entrepreneurs based on ownership, attitude, organization, size, and functions. Motivation comes from different sources like power, affiliation, and achievement and drives entrepreneurs to start businesses through their desire to succeed, innovate, earn wealth, and help society.
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
Information technology in Hospitality IndustrySarabindhGManoj
The document discusses the use of information technology in the hospitality industry. It describes how IT helps with functions like management, decision making, customer service and increasing efficiency. It then outlines different IT systems used for distribution, at the front-of-house like property management, and in guest rooms. These systems help with reservations, operations, customer satisfaction and security. The adoption of IT has grown and revolutionized the industry by solving problems and improving services.
This document provides guidance on smart decision making and leadership. It discusses how ten smart decisions can make an individual a millionaire or help a company grow rapidly. Smart decisions produce high reward to risk ratios and force multiplier effects. The document also emphasizes the importance of thinking ahead of time and competition through research and innovation. Effective leadership requires professional competence, making decisions and learning from mistakes. Leaders should motivate teams through vision and drive results through relentless focus.
Becoming an Entrepreneur is the first info graphic book of an ongoing series of books you will actually read. The average person can read these book in roughly one hour . The hope is that the big truths packed into these little books will make them different from the many other books that you would never pick up or would pick up only to quickly put down forever because they are simply too wordy and don't get to the point.
This powerpoint presentation defines entrepreneurship and discusses its history and modern applications. It begins by defining an entrepreneur as someone who organizes and manages a business while taking on financial risk. It notes that agricultural students have been involved in entrepreneurship since the early 20th century through programs like raising livestock and growing crops. Today, agricultural entrepreneurship can involve many diverse activities beyond farming like custom harvesting or operating a small engine repair service. The presentation concludes by discussing characteristics of successful entrepreneurs and different types like social and lifestyle entrepreneurs.
This presentation covers (1) Social impact of tourism; (2) Effects of globalization on tourism development; (3) Sex tourism and exploitation of women; and (4) Trends and issues shaping tourism and hospitality development.
The document discusses entrepreneurship, defining it as starting a new business and taking on the associated risks. It notes that entrepreneurs risk more than employees but also have more potential for reward. The pros of entrepreneurship are listed as making your own rules, enjoying your work, creating wealth, and helping your community, while the cons include potential business failure, unexpected obstacles, and financial insecurity early on. Successful entrepreneurs like Thomas Edison, P.T. Barnum, and Steve Jobs are mentioned. Characteristics of entrepreneurs like courage, creativity, and determination are also outlined.
The document discusses entrepreneurs and entrepreneurship. It defines an entrepreneur as an individual who creates a new business and bears most risks and rewards. Entrepreneurs play a key role in any economy by anticipating needs and bringing innovations. They are rewarded for successful startups with profits but suffer losses if they fail. Entrepreneurship is the process of starting a business or organization for profit or social needs. Entrepreneurs develop business models and are responsible for business success or failure. They drive economic growth by creating jobs, goods, and services.
This document provides an overview of entrepreneurship and key entrepreneurial concepts. It defines entrepreneurship and differentiates between entrepreneurs and businessmen. It discusses the roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors, and country. The document also examines the personal traits and competencies of successful entrepreneurs, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency, systematic planning, creative problem solving, self-confidence, assertion, and power/authority. Finally, it introduces e-business, distinguishing it from e-commerce, and discusses online marketing communication tools like direct email marketing and online catalogs.
This document provides information about entrepreneurship. It defines an entrepreneur as someone who sets up a business taking on financial risks with the hope of making a profit. Entrepreneurship facilitates economic growth by contributing to GDP, increasing productivity, creating jobs, and innovating. However, there are also barriers to entrepreneurship like lack of skills/training and access to funds. Successful entrepreneurship requires characteristics like being imaginative, persistent, self-confident, and able to take risks. Developing one's potential involves learning from role models, not fearing failure, and gaining business knowledge and skills.
The document discusses the entrepreneurial process which consists of 5 stages: discovery, concept development, resourcing, actualization, and harvesting. Discovery involves generating business ideas and studying the market. Concept development involves creating a business plan. Resourcing involves acquiring financial and human resources. Actualization involves operating the business. Harvesting involves deciding on the business's future growth or demise.
The document provides information about business registration and licensing processes in the Philippines. It outlines the various government agencies involved in registration like SEC, DTI, LGUs, and requirements for different business structures. The registration process starts with business name registration at DTI, securing permits from LGUs, and other mandatory registrations. It also lists incentives and support services provided by agencies like NERBAC to facilitate business set up.
The document outlines the 5 key stages in the entrepreneurial process:
1) Discovery - generating business ideas and recognizing opportunities
2) Concept Development - creating a business plan and choosing a location
3) Resourcing - identifying financial, human, and capital resources for startup
4) Actualization - operating the business and utilizing resources to achieve goals
5) Harvesting - deciding on the business's future growth, development or demise
To introduce strategic design for an entrepreneurial venture
To discuss some of the reasons why entrepreneurs do not carry out strategic planning
To outline entrepreneurial strategy and some benefits of strategic planning
To examine the transition from an entrepreneurial style to a managerial approach
To discuss the five stages of a typical venture life cycle
To identify key management issues occurring during the growth stages
To introduce the steps useful for breaking through the growth wall
To identify the unique managerial concerns with a growth business
To elaborate the concept of entrepreneurial leadership
To outline ways to incorporate sustainability into business strategy
Ch9 managing the entrepreneurial organizationRione Drevale
This document discusses how to manage organizations to promote corporate entrepreneurship. It explores how factors like leadership, culture, and structure influence organizational architecture. Barriers to entrepreneurship include a focus on efficiency, risk avoidance, and standard procedures. The document provides solutions for overcoming barriers, such as ignoring them, working around them, or removing them. It also outlines strategies for managing change processes and the tensions between giving employees freedom versus setting boundaries and controls.
This document discusses the role of universities in promoting entrepreneurship education and employability. It defines entrepreneurship and outlines some courses offered at Chinese universities related to entrepreneurship. The document discusses the tasks of instructors in entrepreneurship education, including teaching practical skills and shifting students from theoretical to practical learning. Positive outcomes are described, such as students gaining job skills, confidence, and control over their lives. Methods for delivering entrepreneurship education mentioned include comprehensive curriculum, risk management, teaching academic skills, and economic concepts.
Creativity and generating business ideas by J.M. pantthenetworkcampus
The document discusses various topics related to creativity and generating business ideas including opportunity recognition, developing business ideas, evaluating ideas, and lateral thinking. It introduces concepts like the six thinking hats approach to creative thinking (white, red, black, yellow, green, blue hats) and emphasizes that while ideas are necessary, opportunities require further development and implementation to become successful businesses.
Entrepreneurship is a purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandise profit by production or distribution of economic goods.
The document discusses various definitions and concepts of entrepreneurship from different scholars and authors. It defines entrepreneurship as a purposeful economic activity that involves innovation, risk-taking, organizing abilities and leadership. Entrepreneurship requires combining capital, technology and human intellect to undertake new production processes and introduce new products, sources of supply and techniques. The document also discusses different types of entrepreneurs such as innovative, imitative, habitual and serial entrepreneurs.
The document discusses entrepreneurship and motivation. It defines an entrepreneur as someone who starts an enterprise and takes on risks to resell products or resources. Entrepreneurship is important for economic development by creating jobs, utilizing resources, and promoting innovations. There are various types of entrepreneurs based on ownership, attitude, organization, size, and functions. Motivation comes from different sources like power, affiliation, and achievement and drives entrepreneurs to start businesses through their desire to succeed, innovate, earn wealth, and help society.
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
Information technology in Hospitality IndustrySarabindhGManoj
The document discusses the use of information technology in the hospitality industry. It describes how IT helps with functions like management, decision making, customer service and increasing efficiency. It then outlines different IT systems used for distribution, at the front-of-house like property management, and in guest rooms. These systems help with reservations, operations, customer satisfaction and security. The adoption of IT has grown and revolutionized the industry by solving problems and improving services.
This document provides guidance on smart decision making and leadership. It discusses how ten smart decisions can make an individual a millionaire or help a company grow rapidly. Smart decisions produce high reward to risk ratios and force multiplier effects. The document also emphasizes the importance of thinking ahead of time and competition through research and innovation. Effective leadership requires professional competence, making decisions and learning from mistakes. Leaders should motivate teams through vision and drive results through relentless focus.
Creativity is the ability to develop new ideas and look at problems in new ways, while innovation is applying creative solutions to problems. Barriers to creativity include focusing on one answer, logic over imagination, rigidly following rules, fear of mistakes, specialization, and believing you are not creative. Good opportunities have customers willing to buy a product that solves their needs, in a large enough market, where entry is possible and you can differentiate yourself.
The Innovator's DNA - NYU Integrated Marketing PresentationKabeer Malhotra
This document summarizes the key skills and traits of innovative individuals and organizations. It identifies five discovery skills that innovative people possess: associating, questioning, observing, networking, and experimenting. Successful innovative companies have three elements in their DNA - people with discovery mindsets, processes that systematize innovation techniques, and philosophies where innovation is a company-wide priority. The document provides examples of innovative companies and teams that exemplify these traits.
The document discusses myths and solutions around business innovation. Some key myths addressed include that innovation just happens naturally, effective processes are not important, and experts are needed to drive innovation. The document argues instead that innovation must be intentionally made to happen, ineffective processes can hinder it, and diverse thinkers outside the norm are valuable. It provides solutions like rewarding failures, focusing on customer needs, opening dialogue, and ensuring the right portfolio of projects by deciding what not to pursue.
The document discusses startup investment and valuation. It provides definitions of startups from various sources and examples of angel investors' motivations for investing in startups. It also outlines several common valuation methods for startups, including discounted cash flow analysis, comparable transactions analysis, and qualitative scorecard approaches. The document promotes a startup investment platform called Startcelerate that aims to help large companies build dealflows and invest in European startups to access new opportunities and talent.
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfShikhaAeron2
Course Content:
Unit I: Introduction to Entrepreneurship: Entrepreneurs; entrepreneurial personality and intentions, characteristics, traits and behavioral; entrepreneurial challenges.
Unit 1- Introduction to Entrepreneurship (BOCS,BOET-505D).pdfShikhaAeron2
Innovation and Entrepreneurship discusses key concepts like creativity, innovation, and entrepreneurship. Creativity involves generating new ideas while innovation makes existing things better. Entrepreneurship involves taking financial risks to make a profit. The document outlines characteristics of entrepreneurs like risk-taking, leadership, and the ability to recognize opportunities. It also discusses challenges entrepreneurs face such as selecting products/services, developing sales strategies, and managing employees/finances, and provides solutions like market research, clear communication, and goal-setting.
The document discusses various types of intellectual property including trademarks, patents, copyrights, designs, and trade secrets. It describes the laws and registration processes for trademarks, patents, and designs in India. Key points covered include criteria for patentability and copyright, strategies for protecting intellectual property, and elements of non-disclosure agreements.
Creativity, innovation, and entrepreneurship are closely related. Creativity involves developing new ideas, while innovation applies creative solutions to problems and opportunities to enhance lives or society. Entrepreneurship combines creativity and innovation by systematically applying new ideas and solutions to marketplace needs and opportunities. There are four types of innovation - invention, extension, duplication, and synthesis. Incremental innovation improves existing offerings, while disruptive innovation applies new technologies or business models to existing industries. Common myths about innovation include that it is predictable, relies on technical specifications, or is driven solely by technology. In reality, innovation is unpredictable and may emerge from smaller projects.
Innovate or die should be the sign on every CEO's office wall. Clients want new products and services. If you can't or won't provide them, Customers know they are a mouse click away from finding a replacement. It's time to balance detachment and dedication to cultivate Customer loyalty.
This document provides an overview of creative problem solving. It discusses defining creativity and innovation, overcoming common misconceptions about creativity, managing creativity within time constraints, and examples of companies that foster innovation like 3M. It also covers developing rough ideas, presenting ideas, dealing with political obstacles, strengthening problem solving skills, and promoting creativity in the workplace through recognition, compensation, and humor. The document uses examples, questions, and graphics to explore various aspects of creative problem solving.
This document provides an overview of creative problem solving. It discusses defining creativity and innovation, overcoming common misconceptions about creativity, managing creativity and time constraints, developing rough ideas, strengthening problem solving skills, and promoting creativity in the workplace. Key points include that both creativity and innovation are necessary for business success, creativity involves generating new ideas with value while innovation creates practical applications, and that failure is an important part of the creative problem solving process.
The document provides an overview of innovation, entrepreneurship, and challenges in the Indian startup ecosystem. It discusses key concepts like discovery, invention, innovation and defines entrepreneurship. It explains the process from ideation to product development which includes design thinking, proof of concept, minimum viable product, and incubation. It also discusses the different types of startups and sources of startup ideas. The document aims to provide a basic understanding of the Indian startup landscape.
The Lean Startup Basics and Intro for BeginnersBlaz Kos
The presentation focuses on providing an overview, fundamentals and history of the concept of the lean startup companies.
The presentation very clearly shows why business plans are not that much important anymore, what is waste in business and how to reduce it and why every start-up must be a learning organization.
“SEARCH FOR BUSINESS OPPORTUNITY, IDEATION, INNOVATION AND CREATIVITY.pptxHaenJaeEun
The document discusses factors that affect identifying business opportunities, including markets, individual interests, capital, skills, supplies, manpower, and technology. It also outlines processes for seeking opportunities, such as observing successful businesses, solving problems, home-based businesses, and leveraging resources. Key steps in market research and selecting optimal locations are also presented.
This document provides an overview of entrepreneurship for cooperatives. It defines entrepreneurial mindset and discusses developing an entrepreneurial mindset through tools like leveraging your assets and aspirations, planning to adapt, building professional networks, and evaluating new product and service ideas. It also covers common drawbacks entrepreneurs face like risk of losing capital and high stress levels. The document concludes by defining cooperatives as people-centered enterprises owned and controlled by members to meet common economic and social needs through democratic management.
ICEBERG Innovation - Summary of Slides for the 2014 Small Company - Big Busin...ICEBERG-Innovation
Innovation is good for your bank account, but you have to get certain things right. Our mission is to assist companies and investors to "make innovation easier and more profitable".
These are the (Summary of) Slides for the 2014 Small Company - Big Business Workshop Series. Please note that many slides are not self-explanatory, so if you've missed the workshop and are interested in the content or our assistance or services then please contact us.
Phone in Australia: 1300 037679
www.ICEBERG-Innovation.com
A rigorous approach to discovering new opportunities will insure that ones that are a) boundary pushing and b) embraced by the company. The use of iterative deepening learning paradigm is key to this approach.
2. ENTREPRENEURSHIP
• Entrepreneurship is the result of a disciplined , systematic process of
applying creativity and innovation to needs and opportunities in the
marketplace .
3.
4.
5. CREATIVITY-NECESSITY FOR SURVIVAL
Creativity is not only source for building competitive advantages but also
necessary for survival
History is not a reliable predictor so should develop new insight
6. KILLER OF CREATIVITY
Entrepreneur must always guard against traditional assumption and
perspective about how things should be
Actually killer of creativity is our own self , self impose restriction and
paradigms are killer of creativity
7. WHAT GLOBAL ENVIRONMENT REQUIRES
Requires following :
• Tap their activity constantly
• Develop unique ideas
• Create solution of problems
• Fill a need of time
To staying leadership position requires constant creativity, innovation and
entrepreneurship
8. CAN CREATIVITY BETAUGHT
• RESEARCH SHOWSTHAT ANYONE CAN LEARNTO BE CREATIVE
“Every person can be taught techniques and behaviors that helps them
generate more ideas”
[ JoyceWycoff ]
9. CREATIVETHINKING
• research shows that brain has divided into two hemisphere
• the human brain develop asymmetrically , and each hemisphere tends to
specialized in certain function
• This phenomenon is known as split-brain phenomenon
The brain has divided into following parts :
Left hemisphere
Right hemisphere
10.
11. LEFT HEMISPHERE
linear, vertical
thinking
handle languages
logic, symbols
process information
by steps
narrowly focused
and systemmatic
RIGHT HEMISPHERE
kaleidoscopic, lateral thinking
body emotions spatial functions
process information intuitively
Unsystematic, unconventional,
unstructured
12. HOWTO DEVELOP RIGHT HEMISPHERE
By lateral thinking that lies at the heart of the creativity process, by following we develop right hemisphere :
Always ask question.
Challenge customs
Staring out the window
Generate lot of ideas
Realize more than one answer
Play mental games
See problems as springboard for new ideas
Have a helicopter skills
13. HOWTO CONTROL ON IT ?
• BOTH BRAINTHINKING:
Right brain draws on the power of divergent reasoning which is ability to create a multitude
of original, diverse ideas .Left brain thinking counts on convergent reasoning , the ability to
evaluate multiple ideas and chose the best solution to a given problem.
• RELY ONTHINKING :
Entrepreneur need to rely on right hemisphere to generate innovative product, services or
business ideas.Then they rely on left hemisphere to judge the market potential of the ideas
they generate .
14. BARRIERSTO CREATIVITY
The number of potential barriers to creativity is virtually limitless .There are 10 mental lock which limit individual
creativity are as follows :
Searching for the one
Focusing on being logical
blindly following the rules
Constantly being practical
Viewing play as frivolous
Becoming overly specialized
Avoiding ambiguity
Fearing looking foolish
Fearing mistakes and failure
Believing that I m not creative
15. How to Enhance Creativity?
Embracing diversity
Expecting Creativity
Expecting andTolerating failure
Encouraging Curiosity
Providing CreativityTraining
Providing Support
Rewarding Creativity
16. Enhancing Individual Creativity (EIC)
•Allow yourself to be creative
•Fresh input everyday
•Allow mistakes
•Handy Authentic info
•Listen to others
•Talk to a child
•Keep a toy
•Read books for ideas
•Take some time off
18. Attitude
Reading
Articles
Discuss with others
Join Associations
Analyse Cultures andTraditions
Develop Listening skills
Look into the matter.
Research about the thing.
Explore Regarding World.
19. It involves viewing the similarities and differences in
information collected.
* ConvergentThinking.
* DivergentThinking.
Subconscious step
Waiting for the right idea
Might be boring
Relax and play regularly
Waiting is always worthwhile
20.
21. Step 5: Illumination
o Most awaited phase of process
o Happens in between incubation
o Happens all of a sudden
o Real fruit of being creative
22. It is verifying the authenticity of information.
• Ask others
• Build prototype
• Run simulations
• Test marketing
• Time for Execution
• Need not to wait
• Converting idea into reality.
Ready, Aim, Fire!!!!!!!!!!
24. • Keeping the group small
• No ranks (equality)
• Well defined problem
• Time limitation
• Seating pattern
• Throw logic out of the window
• Quantity over quality.
26. PATENTS
Patents is grant from the government to the inventor of product, giving the
exclusive right to make, use or sell the product.
Limited legal monopoly granted to an individual or firm to make, use
and sell its invention, and to exclude others from doing so is called patents.
27. TRADEMARKS
Trademark is a recognizable insignia, phrase or other symbol that denotes
a specific product or service and legally differentiates it from all other
products.
Trade dress is the overall commercial image (look and feel) of a product or
service that indicates or identifies the source of the product or service and
distinguishes it from those of others.
28. DIFFERENCE BETWEENTRADEMARK
&TRADE DRESS
TRADEMARK TRADE DRESS
A “trademark” is any word,
name, symbol, or device, or
any combination thereof, used
by a party to identify and
distinguish its goods from
those manufactured or sold by
others and to indicate the
source of the goods.
A “trade dress” is used by a
party to identify and
distinguish the product of that
party from the product of
others and to indicate the
source of the product.
29. COPYRIGHTS
Copyright is a legal instrument that provides the creator of a work of art or
literature, or a work that conveys information or ideas, the right to control how the
work is used.The intent of copyright is to advance the progress of knowledge by
giving an author of a work an economic incentive to create new works.
(IPO Pakistan)
It is an exclusive right that protects the creator of original works of authorship such
as literary, musical and artistic work.
30. PROTECTING INTELLECTUAL PROPERTY
Following points ought to be consider an
Entrepreneur before bringing lawsuit;
Can the opponent afford to pay if you win?
Do you expect to get enough from the suit to cover the costs?
Can you afford loss of time, money and privacy?
32. INTELLECTUAL CAPITAL
Collective knowledge of individuals in an
Organization is called intellectual capital.
3 Components of intellectual capital;
1) Human Capital
2) Structural Capital
3) Customer Capital
33. STRATEGIC MANAGEMENT
Strategic management is nothing but planning for both predictable as well
as unfeasible contingencies.
Strategic Management is identification and description of the strategies
that managers can carry so as to achieve better performance and a
competitive advantage for their organization.
34. COMPETITIVE ADVANTAGE
A competitive advantage is an advantage over competitors gained by
offering consumers greater value, either by means of lower prices or by
providing greater benefits and service that justifies higher prices.
35. STRATEGIC MANAGEMENT
•the process of developing a game
plan to guide a company as it
strives to accomplish its vision,
mission, goals, and objectives and
to keep it from straying off course
36. The Strategic Management Process
• Develop a Vision statement and translate it into a meaningful Mission statement.
• Strengths and weaknesses.
• Significant opportunities and threats facing the business.
• Identify the key factors for success.
• Analyze the competition.
• Create company Goals and Objectives.
• Strategic options and Appropriate strategies.
• Translate Strategic into Action plans.
• Establish accurate controls.
37. Step 1.Vision Statement
• A vision is the result of an entrepreneur’s dream of something that does not exist
yet and the ability to paint a compelling picture of that dream for everyone to see
• Vision provides direction
• Vision determines decisions
• Vision motivates people
38. Mission Statement
• What business am I in?
• The purpose of the company:What are we in business to accomplish?
• The business we are in: How are we going to accomplish that purpose?
• The values of the company:What principles and beliefs form the foundation of the
• way we do business?.
39. Step 2. Strengths and Weaknesses
• Strengths, positive internal factors that a company can use to accomplish
its mission, goals, and objectives.
• Weaknesses ,negative internal factors that inhibit the accomplishment of
a company’s mission, goals, and objectives.
40. Step 3. Opportunities andThreats
• Opportunities, positive external options that a firm can exploit to
accomplish its mission, goals, and objectives.
• Threats, negative external forces that inhibit a company’s ability to
achieve it mission, goals, and objectives.
41. Step 4.Key Factors for Success
• Tight cost control
• Trained, dependable, honest in-store managers
• Close monitoring of waste
• Careful site selection
43. Step 6.Goals and Objectives
• Goals , the broad, long-range attributes a business seeks to accomplish;
they tend to be general and sometimes even abstract.
• Objectives, more specific targets of performance, commonly addressing
areas such as profitability, productivity, growth, and other key aspects of a
business.
45. Step 7: FORMULATE STRATEGIC
OPTIONS AND SELECTTHE
APPROPRIATE STRATEGIES
46. WHAT IS A STRATEGY?
A strategy is a road map of the
actions an entrepreneur draws
up to fulfill a company’s
missions, goals and objectives.
47. IMPORTANCE OF STRATEGY
A strategy is the master plan that covers all of the
major parts of the organization and ties them
together into a unified whole.
A sound strategy, implemented without error,
wins every time.
The mission , goals and objectives spell out the
ends, and the strategy defines the means for
reaching them.
48. CHARACHTERISTICS OF A SUCCESSFUL
STRATEGY
Comprehensive
Well integrated
Focusing on establishing key success factors
Executable
50. • KeyTerms
• Business-Level Strategy :
Integrated and coordinated set of commitments and
actions the firm uses to gain a competitive advantage by
exploiting core competencies in specific product markets
Business-Level Strategy
–
52. • Can be used across industries
• Two distinct types of competitive advantage:
• Low Cost
• Differentiation
• Choice of scope:
• Broad
• Narrow (niche)
Features of the Five Business-Level Strategies
53. •KeyTerms
•Cost Leadership Strategy :
A strategy in which a company strives to be the low-
cost producers relative to its competitors in the
industry.
Cost Leadership Strategy
54. • Low-cost position is a valuable defense against rivals
• Powerful customers can demand reduced prices
• Costs leaders are in a position to absorb supplier price increases and relationship
demands, and to force suppliers to hold down their prices
• Continuously improving levels of efficiency and cost reduction can be difficult to
replicate and serve as significant entry barriers to potential competitors
• Cost leaders hold an attractive position in terms of product substitutes, with the
flexibility to lower prices to retain customers
Cost Leadership Strategy and the Five Forces of
Competition
55. • Low cost leadership does not eliminate any of these forces, it just allows the
low costs firm to more easily deal with these forces, or offset the power of
these forces, and potentially, remain profitable.
How can Low Costs protect against…?
56. •Processes can become obsolete
•Focus on cost reductions can come at the expense of
understanding customer perceptions and needs
•Strategy could be imitated, requiring the firm to
increase the value offered to retain customers
Risks of Cost Leadership Strategy
57. •KeyTerms
•Differentiation Strategy :
Strategy in which a company seeks to build customers
loyalty by positioning its good and services in unique
or different fashion
Differentiation Strategy
58. • Unusual features
• Responsive customer service
• Rapid product innovations
• Technological leadership
Differentiation Strategy – Features
• Perceived prestige and
status
• Different tastes
• Engineering design
• Performance
59. • To create uniqueness in mind of customer
• Cross-functional product development teams
• Strong focus on marketing and product
• Superior customer service
• Product reliability
• Creating value in customers eye
• Informal rules and procedures
Differentiation Strategy Features
60. •Quick imitation
•No value in uniqueness
•Premium price or costs are too high
•Costs/Price become more important than uniqueness
•Unwillingness to offer true differentiation
•Sustainability
Risks of Differentiation Strategy
61. • Customer loyalty provides the most valuable defense against rivals
• Uniqueness products reduce customer sensitivity to raised prices
• High margins (for differentiated products) insulate from supplier influence
• Customer loyalty and product uniqueness serve as significant entry barriers
• Firms with customers loyal to their products are positioned effectively
against product substitutes
Differentiation Strategy and the Five Forces of
Competition
62. Differentiation does not eliminate any of these forces, it just allows the
differentiated firm to more easily deal with these forces, or offset the power
of these forces, and potentially, remain profitable.
How can Differentiation protect against…?
63. •KeyTerms
•Focus Strategy :
Set of actions designed to produce or deliver goods or
services to a target consumer based on their needs
want and interest in the market
Focus Strategy
64. • Large firms may overlook small niches
• Firms may lack resources to compete in the broader market
• Firms may be able to serve a narrow market segment more
effectively than larger, industry-wide competitors
• Firms may direct resources to certain value chain activities to
build competitive advantage
Focus Strategy – Reasons
65. • A competitor may be able to focus on a more narrowly defined competitive
segment and "out focus” the focuser.
• Focus strategy brings risk .
• Small volume of business that some niches support can raise production
cost.
• The needs of customers within a narrow competitive segment may become
more similar to those of industry-wide customers as a whole
Risks of Differentiation Strategy
66. Strategies of small business depends upon its competitive advantage in
the market segments.
Well defined strategic advantage may pursue highly aggressive growth.
Strategies is an attempt to increase growth and market share
Strategy In Action
67. • Customer needs
• Flexibility
• Constant Innovation
• Building market niches
• Act with lightening speed
• Take risk
• Maintain cost
Facts of Strategic Development
74. The balanced is a simple performance measurement framework to a full
Strategic Planning and Management System.
A set of measurement, unique to a company that includes both financial and
operational measures and give true picture of Company’s performance.
Balanced scorecard (cont.)