Building the Opportunity Analysis Canvas PART 3 OF 3

Slides:



Advertisements
Similar presentations
1 Chapter 12 Strategic Entrepreneurship PART IV MONITORING AND CREATING ENTREPRENEURIAL OPPORTUNITIES.
Advertisements

Entrepreneurship Uncovering Opportunities: Understanding Entrepreneurial Opportunities and Industry Analysis 2.
2 Entrepreneurship Entrepreneurial Opportunities: Their Origins, Forms, and Suitability for New Ventures.
OPPORTUNITY IDENTIFICATION
An investment perspective of HRM
1 SMALL BUSINESS MANAGEMENT Chapter 2 The Small Business Decision.
The quest for future success in the international hotel industry An expedition in Africa Do you want to dance with me? By Jan Jansen.
Turning today’s most promising Startups into tomorrow’s most successful businesses How to be a successful Entrepreneur Azhar Rizvi CEO & Director Tech.
Copyright © 2008 by Nelson, a division of Thomson Canada Limited ENTREPRENEURSHIP A PROCESS PERSPECTIVE Robert A. Baron Scott A. Shane A. Rebecca Reuber.
International Workshop Sustainable development: Products, consumption, promotion and place marketing T HE ATTRACTIVENESS OF SMART AND GREEN COMMUNITY IN.
Is the industry capital intensive?. Objectives Examine industry structure, with a focus on capital intensity, in the context of entrepreneurial industry.
Competing For Advantage Part IV – Monitoring and Creating Entrepreneurial Opportunities Chapter 12 – Strategic Entrepreneurship.
What is the reputation of your competitors?. Objectives Examine reputation of competitors in the context of competition Explore the impact of competitors’
What is the average size of a company in the industry?
Can you build the right team at the right time?. Objectives Examine teaming at the opportunity identification phase of your new venture creation activities.
Are your interpersonal skills well developed?. Objectives Examine interpersonal skills in the context of entrepreneurial behaviors Explore the impact.
How does the learning curve influence your success?
What complementary assets are critical to develop?
Where can you reduce factors and not reduce value?
Are you rich in social capital?. Objectives Examine social capital in the context of entrepreneurial behaviors Explore the impact of social capital on.
Skills of Manager In addition to fulfilling numerous roles the manager also need a number of specific skills if he wants to be succeed. The most fundamental.
Do entrepreneurs cause entrepreneurship?. ENTREPRENEURship Market opportunities, technology changes, etc. play roles in entrepreneurship The entrepreneur.
Is your advantage superior and sustainable?. Objectives Examine your competitive advantage at the opportunity identification phase of your new venture.
What political and regulatory forces will influence the market?
What demographic changes are creating new market needs?
Which factors can you raise above competitors?. Objectives Explore value innovation as an approach to entrepreneurial opportunity analysis and new venture.
Is the industry advertising intensive?. Objectives Examine industry structure, with a focus on advertising intensity, in the context of entrepreneurial.
Do you have high self-efficacy?. Objectives Examine self-efficacy in the context of entrepreneurial mindset Explore the impact of self-efficacy on success.
What technical advancements are emerging?. Objectives Examine technical advancements in the context of macroeconomic change Explore the impact of technical.
Is the problem real?. Objectives Introduce opportunity identification as an approach to entrepreneurial opportunity analysis and new venture creation.
Are the demand conditions in your industry favorable?
Do you have a high need for achievement?. Objectives Examine need for achievement in the context of entrepreneurial mindset Explore the impact of need.
Building the Opportunity Analysis Canvas PART 2 OF 3
What is your risk tolerance?. Objectives Examine risk tolerance in the context of entrepreneurial behaviors Explore the impact of risk tolerance on success.
1 Interpersonal Skills. 2 Learning Objectives When you have completed this module you will be able to define the key concepts associated with Interpersonal.
Chapter 3.
What existing factors can you eliminate?. Objectives Introduce value innovation as an approach to entrepreneurial opportunity analysis and new venture.
What is the lifecycle stage of your industry?. Objectives Examine lifecycle stages in the context of entrepreneurial industry status Explore the impact.
PowerPoint Presentation by Charlie Cook Gordon Walker McGraw-Hill/Irwin Copyright © 2004 McGraw Hill Companies, Inc. All rights reserved. Chapter 2 Competitive.
Becoming an Entrepreneur. Learning Objectives To define the meaning of an entrepreneur To identify the skills required to be a successful entrepreneur.
Submitted by : Group 1.  Requires the Managerial ability to:  Anticipate and envision  Maintain flexibility  Empower others to create strategic change.
Strategic Management Requires abilities to: Strategic management is:
What impact do knowledge conditions have in your industry?
Becoming an Entrepreneur
MGT301 Principles of Marketing
Organizational resources and competitive advantage
Project #2 – Make the Most of It
Business-Level Strategy
The Entrepreneurship Process
CHAPTER 9 Cooperative Strategy
Do you have the confidence to attempt the difficult?
Chapter 14 organizational change and development Michael A. Hitt
Creating Business Advantage with IT
Profiling our Graduates of various disciplines
The Business Plan.
Business-Level Strategy
Understanding Risk Greg Hungerford.
THE T.E.A.M. SYSTEM TO LEAD SUCCESSFULLY
CHAPTER 4 The Entrepreneurial Mindset in Individuals
The Entrepreneur.
2ND FACE 2 FACE PROGRAM JARAK JAUH
Professor Edward Lee Lamoureux, Ph.D. Bradley University
SKILLS FOR ENTREPRENEURS
OPPORTUNITY IDENTIFICATION
Strategic Management and Strategic Competitiveness
Entrepreneurship and Negotiation
Strategic Leadership & Organisational culture
OPPORTUNITY IDENTIFICATION
1.2 Leadership, Entrepreneurship, and Strategy Module 1 Introduction to main aspects of Management.
1.2 Leadership, Entrepreneurship, and Strategy Bulkhairova Zhanna Serikovna Phd Doctor Module 1 Introduction to main aspects of Management.
Presentation transcript:

Building the Opportunity Analysis Canvas PART 3 OF 3

The Opportunity Analysis CanvasTM Industry Condition Entrepreneurial Motivation Competition Entrepreneurial Mindset Industry Status Opportunity Identification Problem Solution Advantage Team Entrepreneurial Behavior Value Innovation Eliminate Reduce Raise Create Macroeconomic Change

Include data, references, and analysis What existing factors can you eliminate? Where can you reduce factors and not reduce value? Which factors can you raise above competitors? What new factors can you create? Answer Answer Answer Answer

Include data, references, and analysis Is the problem real? Does your solution create value for your stakeholders? Is your advantage superior and sustainable? Can you build the right team at the right time? Answer Answer Answer Answer

The Opportunity Analysis CanvasTM Industry Condition Industry Condition Answer The Opportunity Analysis CanvasTM Entrepreneurial Motivation Competition Entrepreneurial Motivation Competition Answer Answer Entrepreneurial Mindset Industry Status Opportunity Identification Entrepreneurial Mindset Industry Status Opportunity Identification Answer Answer Answer Entrepreneurial Behavior Value Innovation Entrepreneurial Behavior Value Innovation Answer Answer Macroeconomic Change Macroeconomic Change Answer

The Opportunity Analysis CanvasTM Industry Condition Knowledge conditions Demand conditions Entrepreneurial Motivation Self-efficacy Cognitive motivation Tolerance for ambiguity Competition Learning curve Complementary assets Reputation effects Entrepreneurial Mindset Achievement Individualism Control Focus Optimism Industry Status Industry life cycle Industry structure Opportunity Identification Problem Solution Advantage Team Entrepreneurial Behavior Confidence Risk Interpersonal relationship skills Social capital Value Innovation Eliminate Reduce Raise Create Macroeconomic Change Demographic Psychographic Technical Societal Political Regulatory