Entrepreneurship

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APPROACHES TO ENTREPRENEURSHIP
MACRO VIEW
a. Environmental School of Thought
b. Financial/fatal School of Thought
c. Displacement School of Thought
MICRO VIEW
a. Entrepreneurial Trait School of Thought (People School)
b. Venture opportunities School of Thought
c. Strategic formulation School of Thought

INTRAPRENEURSHIP
i. Within an existing business
ii. The development not beyond a corporation of internal markets or autonomous or semi-autonomous business units that produce harvest, services or technologies in a uncommon way
iii. An opportunity for in~d managers to take initiative and try novel ideas
iv. An internal corporate venture (ICV)

BUSINESS IDEAS AND OPPORTUNITIES

1. IDEAS GENERATING PROCESS

a) Recognizing patron needs and wants
b) Analyzing or scanning the environment
i. Study without interrupti~ local resources
ii. New government policies and regulations
iii. Import and commodity ~ed data
iv. Industrial linkages
c) Performing self-impost
i. Experience
ii. Knowledge
iii. Skills
iv. Interest
d) Screening or choosing employment opportunities
i. Competition
ii. Legality
iii. Fixed prime requirement, working capital and growth opportunities
e) Matching societal values, common’s response or people’s satisfaction
f) Preparing or constructing a walk of life plan

2. IDENTIFYING OPPORTUNITIES
The entrepreneur has to make choice of a business opportunity according to separate criteria which are :
a) legality
b) competitors
c) involving death requirement
d) risk

3. GENERATING IDEAS
Approaches to seeking a dealing ideas:
a) fulfilling needs and interests
b) analyzing life problems
c) diversifying the practice of goods
d) observing changes in the common
e) using the latest technology
f) observing and establishing a network

4. EVALUATING AND CHOOSING IDEAS
Guidelines in choosing a function ideas:
a) Data collection and study
b) Preparation of a complete commerce plan
c) Establishment of a linkage or...

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