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Lecture No : 32 ENTREPRENEURSHIP Malik Jawad Saboor Resource Person:
Assistant Professor Department of Management Sciences COMSATS Institute of Information Technology Islamabad.
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Course Goals Review Course Review Closing Remarks
Objectives Course Goals Review Course Review Closing Remarks
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Goals Review To identify entrepreneurship as a career and lifestyle option To build on business skills such as marketing, finance, Utilizing E Commerce To increase self awareness, especially work ethic To become acquainted with business leaders To develop a mindset for business and develop confidence To gain a "life role" credit after successful completion of the course.
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Lecture No. 1 Introduction of the Instructor Course Goals
Learning Outcomes Preview of the Course
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Lecture No. 2 Define the term entrepreneur
Describe the entrepreneurial profile. Describe the benefits of entrepreneurship. Describe the drawbacks of entrepreneurship.
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Lecture No. 3 Explain the forces that are driving the growth of entrepreneurship. Explain the cultural diversity of entrepreneurship. Put failure into proper perspective. Avoiding the Pitfalls of Small Business Failure.
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Lecture No. 4 Role of Entrepreneurs in Economic Development
The Entrepreneurial Process Carol Moore’s Model of Entrepreneurial Process The Timmon’s Model of Entrepreneurial Process 10 D’s of Entrepreneurship 9 F’s of a successful Firm
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Lecture No. 5 Understand Difference between Creativity and Innovation
Understand Paradigms Barriers to Creativity How to Spur Imagination
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Lecture No. 6 How to Enhance Organizational Creativity
How to enhance individual’s Creativity
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Lecture No. 7 To learn creativity techniques Brainstorming
Mind Mapping Rapid Prototyping Mix n Match (Thomas Edison Challenge) Attribute Listing Chart
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Lecture No. 8 Distinguish the different forms of Innovation
Differentiate between the different types of innovation
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Lecture No. 9 Intellectual Property Rights Patents Steps to Patent
Benefits of Obtaining Patents Trademarks Copyrights
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Lecture No. 10 Understand the advantages and disadvantages of buying an existing business. Define the steps involved in the right way to buy a business. Critical Areas for Analyzing an Existing Business. Entrepreneurs in Action-STEVE JOBS
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Lecture No. 11 Strategic Management Competitive Advantage
Core Competency Strategic Management Process Vision & Mission Statement SWOT Analysis
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PESTEL Analysis Key Success Factors
Lecture No. 12 PESTEL Analysis Key Success Factors
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Lecture No. 13 Analyzing Competitors
Create Company Goals and Objectives Formulate Strategy Translate Strategies into Action Plan Establishing Control
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Lecture No. 14 Conducting a Feasibility Analysis The Feasibility Study
Five Forces Model Product or Service Feasibility Analysis Financial Feasibility Analysis
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Lecture No. 15 Why Develop a Business Plan?
The Elements of a Business Plan What Lenders and Investors Look for in a Business Plan Making the Business Plan Presentation Concluding remarks Business Plan Format
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Lecture No. 16 Identify the key attributes of a Social Enterprise
Characteristics of Social Enterprise Understand how social enterprise differ from other organisations Entrepreneurs in Action- Video on Google Boys
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Lecture No. 17 Guidelines for Preparing Business Plan
Tips on Preparing Business Plan Explain the advantages and the disadvantages of the three major forms of ownership The Sole Proprietorship The Partnership The Corporation.
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Lecture No. 18 Define Franchising.
Explain the benefits and the drawbacks of buying a franchise. Discuss the right way to buy a franchise. Outline the major trends shaping franchising.
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Lecture No. 19 Myths & Tips about Franchising
Understand the importance of preparing a financial plan. Projected Financial Statements- Mistakes. Understand the basic financial statements through ratio analysis.
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Lecture No. 20 Explain the differences in the three types of
capital small businesses require: fixed, working, and growth. Describe the differences in equity capital and debt capital and the advantages and disadvantages of each. Describe the various sources of equity capital available to entrepreneurs, including personal savings, friends and relatives, angels, partners, corporations, venture capital, and public stock offerings. Describe the various sources of debt capital and the advantages and disadvantages of each.
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Lecture No. 21 Describe the benefits of selling on the World Wide Web.
Understand the factors an entrepreneur should consider before launching into e-commerce. Explain the twelve myths of e-commerce and how to avoid falling victim to them. Learn the techniques of designing a killer Web site. Entrepreneurs in Action – Bill Gates
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Lecture No. 22 Define Elevator Pitch
Elevator Pitch Must Haves & Cautions Elements of Pitch Dragon’s Den Video
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Lecture No. 23 Define Intrapreneurs
Types of Corporate Entrepreneurship Compensation of Intrapreneurs Barriers to Intrapreneurship Freedom Factors attached to Intrapreneurship Advantages/ Disadvantages of Intrapreneurship How Companies can support Intrapreneurs Ten Commandments of Intrapreneurship
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Lecture No. 24 Discuss the “four Ps” of marketing—product, place, price, and promotion—and their role in building a successful marketing strategy. Marketing Wheel of Fortune How Small Business Marketing differs from Corporations Small Business Marketing Advantage
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Lecture No. 25 One-to-One Marketing Customer Sensitivity
Guerilla Marketing Competitive Advantage Development through Customer Focus, Quality, Convenience, Innovation, Service & Speed Benefits of Selling on Web
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Lecture No. 26 Stakeholder’s Management
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Lecture No. 27 History and Importance of Quality Defining Quality
History and Importance of Quality Defining Quality Principles & Practices, Quality
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Lecture No. 28 Importance of Customer Satisfaction & Loyalty
Creating Satisfied Customers Gathering Customer Information CRM
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Lecture No. 29 INFLUENCING & NEGOTIATION TOWS ANALYSIS
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Lecture No. 30 Explain why “going global” has become an
integral part of many small companies' strategies. Describe the principal strategies small businesses have for going global. Explain how to build a thriving export program. Discuss the major barriers to international trade and their impact on the global community.
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Lecture No. 31 Explain the challenges involved in the entrepreneur's role as leader and what is required to be a successful leader. Describe the importance of hiring employees and how to avoid making hiring mistakes. Explain how to create a company culture that encourages employee retention. Describe the steps in developing a management succession plan for a growing business
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CONCLUDING REMARKS “The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.” Stephen Hawking “I cannot teach anybody anything. I can only make them think.” Socrates “knowing is not enough,we must apply willing is not enough,we must do.” Johann Wolfgang
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Best of Luck!!!!!
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