...current state of knowledge around entrepreneurship and start-up models and research as a platform for the market research of a potential business opportunity. * Recognition of progress from idea to an opportunity through a creative but also measured feasibility study * Learning through a practical market research process sourcing relevant current data with judgement and confidence towards justifying a perceived opportunity and its implementation. * Understanding the relevance of group and network resources in business opportunity preparation and the student’s own self efficacy in terms of ability, adaptability and behaviours in these social contexts. Module Outcomes On completion of this module you will be able to: 1) Analyse and understand the key concepts around opportunity, entrepreneurial behaviour and the factors in the process of start-up and survival 2) Identify ideas to create opportunities, national or international, through a feasibility analysis and evaluation using relevant disciplines and frameworks 3) Recognise the tension between the creative (innovative) and measured elements (data analysis and evaluation) of a business opportunity and the disjunctive nature of learning this brings. 4) Develop the feasibility assessment through relevant research techniques and sources to create a macro and micro level analysis as the basis to develop a business plan or solve a business problem 5) Present a professional feasibility report for the business opportunity...
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...appointment. Course Description and Objectives: Introductory course in entrepreneurship designed to explore the development of innovative thinking and venture exploration which would ultimately lead to a new venture. In that way, the primary focus of ENT 3320 is on understanding the processes that underpin the emergence of new business ventures. Topics covered include methods and processes of identifying and evaluating new business opportunities, conducting feasibility studies, evaluating methods of new venture financing and identifying the appropriate legal form of organization. In covering these topics students will be presented with current theoretical thinking in the field of entrepreneurship along with the practical tools needed for starting a new business. The course will be interactive in nature with discussion driven lectures, individual and group activities, problem solving scenarios, videos, and case analyses. Guest speakers will visit the class to provide expert knowledge and perspectives on the entrepreneurial process. Learning Initiatives: – Gain insight into the field of entrepreneurship by understanding the characteristics and mindset of entrepreneurs. – Develop an ability to identify and evaluate opportunities within the marketplace, both for new venture creation and within existing companies. – Develop the skills required to conduct a feasibility analysis, building a founding team and securing financing. – Learn successful...
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...RMIT International University Vietnam ASSIGNMENT COVER PAGE Course Code: BUSM 4092 Course Name: Applied Entrepreneurship Location where you study: Saigon South Campus Title of Assignment: Group Assignment File(s) submitted 1 Student name: Hoang Bao Chau s3298283 Vu Ngoc Thuy Bui Thai Han Pho Ai Hong s3324477 s3343702 s3296816 Learning Facilitator in charge: Mr Phillip Dowler G4 Assignment due date: Jan 04 2013 Date of submission: Jan 04 2013 Number of pages including this one: 30 Word Count: 20 pages for the main content, 10 pages for Appendix and Table of Content Lecturer: Mr Phillip Dowler Team: Unity Hoang Bao Chau Vu Ngoc Thuy Bui Thai Han Pho Ai Hong s3298283 s3324477 s3343702 s3296816 Group 4 - Semester C 2012 RMIT University | Applied Entrepreneurship | Feasibility Report 1 Table of Contents Executive Summary ............................................................................................................................. 3 A. I. II. III. B. I. II. 1. 2. III. 1. 2. IV. V. VI. 1. 2. VII. C. I. II. III. IV. V. VI. D. I. II. III. Business Idea ............................................................................................................................... 4 Opportunity: ............................................................................................................................. 4 Product and Service: ........................................................................................................
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...needed to create a new business • Skill at assembling the human, material, financial, and other resources needed for venture initiation • Capacity to engage in experiential learning and adaptation throughout the venture initiation process • Competence in working well with others, such as peers, team members, and advisors Course Materials Required Materials: Barringer, B. (2009). Preparing effective business plans: An entrepreneurial approach. Upper Saddle River, NJ: Pearson Education. Subscription to the Wall Street Journal “PERT.” http://www.netmba.com/operations/project/pert/ Detailed instructions and learning aids, available on Blackboard. Grading Activity Points Team Activities: 500 Feasibility Analysis 50 Business Plan 50 Implementation Plan 50 Strategic Plan 50 Investor Business Plan 50 Investor Presentation 50 Individual Contribution 200 Individual Activities: 500 Class Participation 100 10 Discussion Issue Papers (DIPs) 100 Book Review 100 YouTube Video Review 100 Elevator Pitch 30 Elevator Pitch Judge 10 Investor Presentation Judge 10 2 Ent. Club Meeting Summaries 20 3 Executive Forum Summaries 30 Make-Up Work (up to 100 points) Total Points Available 1000 Final course grades will be...
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...10/24/2011 WHAT IS A FEASIBILITY STUDY • A feasibility study is defined as an evaluation or analysis of the potential FEASIBILITY STUDY impact of a proposed project or program. It is conducted to assist decision‐ makers in determining whether or not to implement a particular project or p g program. • The study is based on extensive research on both the current practices & the proposed project & its impact on the current practice of the enterprise. • The feasibility study will contain wide‐ranging of data related to financial & operational impact & will include advantages & disadvantages of both the current situation & the proposed plan. • The feasibility study is conducted during the deliberation phase of the business development cycle prior to commencement of a formal Business business development cycle prior to commencement of a formal Business Plan. It is an analytical tool that includes recommendations & limitations, which are utilized to assist the decision‐makers when determining if the Business Concept is viable (Drucker 1985; Hoagland & Williamson 2000; Thompson 2003c; Thompson 2003a). Mahfuzul Hoque Ph D Mahfuzul Hoque Ph. D Professor , Faculty of Business Studies, Department of Accounting & Information Systems, University of Dhaka. October 24, 2011 • • • DMH‐ Project Management 1 THE IMPORTANCE OF A BUSINESS FEASIBILITY STUDY It is estimated that only one in fifty business ideas are actually ...
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...UNIVERSITY OF SCIENCE & TECHNOLOGY BMET5103 Entrepreneurship Assignment Submitted by: Abdulsalam Al-Souhigi Academic No.201110007 To: Dr. Murad Al-Nashami Contents Introduction ................................................................................................................................................... 2 1 General Characteristics of an Entrepreneur .......................................................................................... 3 1.1 1.2 1.3 1.4 1.5 1.6 2 Passion and Risk Taking ............................................................................................................... 4 Strong Leadership Qualities .......................................................................................................... 4 Strong sense of basic ethics and integrity ..................................................................................... 4 Self-motivated ............................................................................................................................... 5 Self-Confidence ............................................................................................................................ 5 Creativity, Self-Reliance, and Adaptability .................................................................................. 5 Entrepreneurial Skills............................................................................................................................. 5 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8...
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...CHAPTER 1 INTRODUCTION The project aims to know the possibility of entrepreneurship in starting pre/primary schools in Pune with good return on investment. The nurseries to be set up should be started keeping in mind its demand and the basic factors which are contributing to their demand. With this study we tried to understand the growing need for such entrepreneurial opportunities. Entrepreneurship in set up of pre nurseries is in demand because of increase in level of educated parents and income levels, who also expect their children to learn and progress right from the beginning. Entrepreneurship not only involves starting a business but also to nurture it till it grows and start giving the fruits. Study on entrepreneurial opportunity in primary education sector also includes profitability of starting a pre-school and the growth opportunities it provides. OBJECTIVE: 1. To determine the feasibility and profitability of entrepreneurial opportunities in pre/primary education sector in Pune. 2. To study the factors surrounding the set-up of Pre-nursery and also to provide a template to an entrepreneur to start any business. SCOPE OF THE STUDY: 1. Study is limited to only PUNE city. 2. Study has been conducted in specific locations within the city. These locations are: a) Wanorie (Panda Kids) b) Magarpatta city (Euro kids, Zee Kids) c) Koregaon Park (Innovations) 3. Target respondents are limited to: a) Parents of the students studying in...
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...MGB223 Entrepreneurship and Innovation: Assignment 1 Business concept guidelines Due: Friday of week 5, 21 August (via Assignment Minder) Weighting: 20% Length: 1000-1200 words Task: In developing a new business venture, the process begins with recognising an opportunity from a business problem and creating a business concept that articulates it. For the first steps, the entrepreneur (1) builds a concept to solve the business challenge; (2) fashions a story that conveys the meaning of the new venture, and (3) prepares a presentation that tells the story and explains the concept to potential customers, investors and partners. After testing the concept with stakeholders, the entrepreneur may go on to develop a complete business plan. To help you build these skills you will be required to undertake the entrepreneurial process of opportunity recognition and concept development. You will be asked to identify possible commercial opportunities for an innovation and then articulate the opportunities into a new business concept. You will submit a 1000-1200 word business concept report that identifies and describes your innovative business idea. You will develop your business concept into a full business plan in assignment 2. Some of the issues that will help you in developing and evaluating your business idea are: * the problem or need and identification of the customer/s and market * the proposed solution and the uniqueness of the solution ...
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...look for similarity and difference in vendors to ultimately pick the finalist. Basically the RFP issues the proposal which is checked slowly, vendor’s pic and create a contract to speak on what need to be done. You would also want to make sure of the safety involved in the process due to competition and customers feeling they all will get a good deal more than usual. This paper will break in some key points about RFP and vendors. * Research and describe the outsourcing feasibility study. Analyze and describe the use of the screen types in the feasibility process. First thing to wonder exactly what is a Feasibility Study? Well, it can be describe as a puppet process for detecting problems and chances, realizing objects, detailing situations, speaking the meaning of success outcome and organizing the range of cost and what you can get from it while being associated with several alternatives for solving a problem. It is used to help the choice-making process that is held on the cost and benefits analysis of the actual business or assignment viability. It is basically worked on during the decision process of the growing cycle prior to commencement of a forma business plan. It comes with recommendations and limitations, which are utilized to assist the choice-makers when determining if the Business Concept is viable. [1] The...
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...product and services on certification, testing and inspection within the context of marketing. It involves the background of the company including company vision and mission, the marketing mix of the company and the marketing strategies concept. In other words, how the marketing mix roles design and implement the effective marketing strategies in SIRIM Berhad. The marketing tools that currently used by SIRIM Berhad also will be discussed. Finally, the recommendations and conclusions about whether the roles of marketing mix plays in designing and implementing effective marketing strategies are success are not in SIRIM Berhad will also be conclude. Contents 1. Overview 5 2. Objective 6 3. Situational Analysis 7 Overall Expectation by Government & Industry 10 SWOT Analysis 11 4.Target Market 12 5. Marketing Mix 13-19 6. Summary & Conclusion 21 7. APPENDICES APPENDIX 1 - Target Market 23 APPENDIX 2 – Business Networking 28...
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...Feasibility Plan Framework Frank Moyes and Stephen Lawrence Deming Center for Entrepreneurship Leeds School of Business University of Colorado Boulder 1 Feasibility Plan Framework © 2003 Regents of the University of Colorado August 2003 Feasibility Plan Framework Introduction A feasibility plan asks two questions of a potential venture Will anyone buy the product or service? Can it make a profit? While the questions are straightforward, the answers are anything but. These two simple questions quickly lead you to a raft of others that you will address in the following sections: • Opportunity or need • Product/Service description • Target market • Unique benefits • Competitive analysis • Sustainable competitive advantage? • Risks • Profitability, break-even and investment required • Conclusions • Recommendations For high-tech ventures there is a third question that needs to be addressed - will the product/service actually work as designed. Determining the technical feasibility is not within the direct scope of this Feasibility Plan. Venture Description Provide a brief description of the business. What products or services are being offered? Where is it located? You should not assume that the reader is familiar with your product/service, so be sure to explain and describe it carefully. Opportunity/Need 1. Describe the market opportunity. What trends are favorable to the venture? Is the market growing? 2. Estimate the market potential ($, customers, units, transactions, etc.)...
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...CHAPTER 1: Introduction to entrepreneurship 1. Explain entrepreneurship and discuss its importance. 解释创业并讨论其重要性。 Entrepreneurship is the art of turning an idea into a business. Entrepreneurs assemble and then integrate all the resources needed – the money, the people, the business model, the strategy – to transform an invention or an idea into a viable business.创业首先是把创意变成一项业务的艺术，企业家组装然后整合所有需要的资源，金钱，人，商业模式，策略，将一个发明或者注意转换成可行的业务。创业是个人寻取机会的过程而不会考虑他们控制的资源。 2. Describe corporate entrepreneurship and its use in established firms. 描述公司的创业和其建立的公司使用。 It is the conceptualization of entrepreneurship at the firm level. All firms fall along a conceptual continuum that ranges from highly conservative to highly entrepreneurial. The position of a firm on this continuum is referred to as its entrepreneurial intensity. Entrepreneurial firms are PROACTIVE, INNOVATIVE ad RISK-TAKING.（创业型企业的三个特点） 这是创业在企业层面的概念。所有的企业都落在沿着一个概念连续，范围从高度保守到高度进取。在这个连续坚定的位置被称为其创业强度。创业型企业是积极进取，不断创新的和可以承担风险的（保守型企业的三个特点是：采取观望的姿势：take a more “wait to see” posture, 更少的创新，less innovative，风险规避，risk averse. 3. Discuss three main reasons people decide to become entrepreneurs. 讨论三个主要原因人们决定成为企业家。 1. Desire to be their own boss 想成为自己的老板 2. Desire to pursue their own ideas 渴望追求自己的想法 3. Financial rewards. 金融奖励 4. Identify four main characteristics of successful entrepreneurs. 识别成功的企业家的四个主要特征。 4. Passion for the business – belief of positive influence 5. Product/customer focus – entrepreneurs...
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...process. Sheena displayed a desire to be independent by establishing her own financial independence at the age of 17. She also funded her own college education, showing a strong work ethic and desire to succeed. While attending college she worked at a venture capital company thus giving her the opportunity to learn entrepreneurial skills. Sheena also taught at a non-profit organization that further increased her educational skills. 2. What motivated Michael and Sheena to start the EET? * They wanted to help college students realize their dreams through entrepreneurship. Michael and Sheena needed to find a way to increase sales and profitability in order to sustain this venture as a viable business. To do this he saw an opportunity in public speaking while promoting his manifesto and formed the EET. 3. How did Michael and Sheena determine that the EET was a sound idea? Did they use a feasibility analysis? What ideas did they discard before deciding on the EET? * They first started but publishing the book Michael wrote, but they came to the realization that they needed to sell a lot of units in order to make publishing profitable enough to support them full time. They started to look for bulk purchasers and decided to talk to groups of students when the schools purchased the books,...
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...TRIMESTER III S.No. | Code No. | Title of the Course | 1. | HMPRBA 301 | Strategic Management | 2. | HMPRBA 302 | Entrepreneurship Development | 3. | HMPRBA 303 | Corporate Governance | 4. | HMPRBA 304 | Management of Public & Private Participation | 5. | HMPRBA 305 | Marketing Research | 6. | HMPRBA 306 | Financial Management | 7. | HMPRBA 307 | Operations & Supply Chain Management | 8. | HMPRBA 308 | Innovation Management | 9. | HMPRBA 309 | Current Business Affairs & Soft Skills | 10. | HMPRBA 310 | Minor Project (8 weeks) & Viva - Voce | HMPRBA-301: Strategic Management The objective of this course is to acquaint students with the concepts, methods and tools of strategic management and their application in industry. UNIT I: Strategic Management-Basic process of strategic management; Benefits and limitations of strategic management; Goals and objectives, Business Vision, Mission and Objectives. UNIT II: Environment and Resources Analysis: Environmental Analysis, Industry and Competitive Analysis, the External Factor Evaluation (EFE) Matrix, Competitive Profile Matrix (CPM), Internal Analysis; Internal Factor Evaluation (IFE) Matrix, Porter’s Five Forces Model, SWOT Analysis and VRIO framework. UNIT III: Strategy Formulation: Porters Value chain - Generic competitive strategies - Portfolio Analysis and its limitation - BCG matrix and GE matrix - Building competitive - advantage for a firm - Strategy versus tactics and...
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...Reading 1 Stimulating creativity among its employees * Help employees do their best work by keeping them intellectually engaged and by removing distractions. Stimulate their minds. * Make managers responsible for sparking creativity and eliminate arbitrary distinctions between "suits" and "creatives." * Engage customers as creative partners so you can deliver superior products. * Stimulate their minds (conferences, communication between staff, etc.). * Minimize hassles both on and off the job (gyms, swimming pools, hospitals and more on company’s campus). Keeping its customers satisfied * Listen and analyze feedbacks, advice etc., create conferences for customers, collaboration with a customer to invent new solutions, build long-term relationships, etc. Subscription-plan business model. * Tap into the creative talents of your customers instead of looking just to your workers for new ideas. * Nurture long-term relationships with users and employees alike. Creativity is the raw material that goes into innovation. Reading 2: Recognizing Opportunities and Generating Ideas BENCHPREP: be familiar with what the company does; how it was launched; the characteristics of the business opportunity when the BENCHPREP was launched * Company provides cross-platform apps to help students prepare for standardized tests (GMAT, SAT, MCAT, etc.). * Launched at the perfect time (not too early-not to late) when IPhone was introduced and apps were just gaining...
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