Download presentation
Published byWalter Alexander Modified over 9 years ago
1
ENTREPRENEURSHIP CHAPTER 3 ENTREPRENEURIAL PROCESS
Prof.Dr.Huseyin ARASLI 2015
2
ENTREPRENEURIAL PROCESS MAKING A DIFFERENCE: ENTREPRENEURSHIP AND THE DRIVE FOR CHANGE
ENTREPRENEURSHIP IS ABOUT BRINGING ABOUT CHANGE AND MAKING A DIFFERENCE THE ENTREPRENEUR IS CONCERNED WITH IDENTIFYING THE POTENTIAL FOR CHANGE HE OR SHE EXISTS IN A STAGE OF TENSION BETWEEN THE ACTUAL AND THE POSSIBLE, THAT IS, BETWEEN WHAT IS AND WHAT MIGHT BE
3
TENSION IN THE ENTREPRENEURIAL PROCESS
THE POSSIBLE ACTUAL
4
TENSION IN THE ENTREPRENEURIAL PROCESS
THE FINANACIAL DIMENSION : The potential to create new value THE PERSONAL DIMENSION : The potential to achieve personal goals THE SOCIAL DIMENSION : The potential for structural change
5
THE ENTREPRENEURIAL PROCESS STEPS
6
STEP 1 INFORMATION--- ENTREPRENEURS ARE GATHERING INFORMATION
ENTREPRENEURS ARE IDENTIFYING POTENTIAL OPPORTUNITIES ENTREPRENEURS ARE PINPOINTING POSSIBLE COMPETITIVE ADVANTAGE(S)
7
STEP 2 THE VENTURE`S FEASIBILITY---- UNCOVERING BUSINESS IDEAS
LOOKING AT COMPETITORS EXPLORING FINANCING OPTIONS
8
STEP 3 PLANNING THE VENTURE---
DEVELOPING A VIABLE ORGANISATIONAL VISION AND MISSION EXPLORING ORGANISATIONAL CULTURE ISSUES CREATING A STRONG AND EFFECTIVE BUSINESS PLAN
9
STEP 4 START-UP ACTIVITIES---
CHOOSING A LEGAL FORM OF BUSINESS ORGANIZATION ADDRESSING OTHER LEGAL ISSUES SUCH AS PATENT OR COPYRIGHT SEARCHES COMING UP WITH AN APPROPRIATE ORGANIZATION DESIGN FOR STRUCTURING HOW WORK IS GOING TO BE DONE
10
STEP 5 LAUNCH THE VENTURE--- SETTING GOALS AND STRATEGIES
ESTABLISHING THE TECHNOLOGY- OPERATIONS METHODS MARKETING PLANS INFORMATION SYSTEMS FINANCIAL-ACCOUNTING SYSTEMS CASH FLOW MANAGEMENT SYSTEMS
11
STEP 6 MANAGING BUSINESS---
MANAGING THE VARIOUS PROCESSES THAT ARE PART AND PARCEL OF RUNNING A BUSINESS MAKING DECISIONS ESTABLISHING ACTION PLANS ANALYZING THE VENTURE`S INTERNAL AND EXTERNAL ENVIRONMENTS MEASURING AND EVALUATING PERFORMANCE STIMULATING AND MAKING NEEDED CHANGES
12
STEP 7 MANAGING PEOPLE SELECTING AND HIRING APRAISING AND TRAINING
MOTIVATING MANAGING CONFLICT DELEGATING TASKS BEING AN EFFECTIVE LEADER
13
STEP 8 MANAGING GROWTH---
DEVELOPING AND DESIGNING STRATEGIES FOR GROWTH DEALING WITH CRISES EXPLORING VARIOUS AVENUES FOR FINANCING GROWTH VALUING THE VENTURE HARVESTING OR EXITING THE VENTURE
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.