Transcript
Business and Entrepreneurship
By Muhammad Shakeel
Lecture 01Dated: 11th of Feb, 2016
1. Defining Entrepreneurship2. Why Entrepreneurship? Why Entrepreneurship as a Course?3. Glossary of Entrepreneur
Content:
PEntrepreneurship- Internal forces of a human that push him or her to succeed in a
consistent way and made him or her deliver positive/productive outcomes in a business
Defining Entrepreneurship
“Entrepreneurship is the process of designing, launching and running a new
business, i.e. a startup company offering a product, process or service. It has been defined
as the capacity and willingness to develop, organize and manage a business venture alongwith any of its risks in order to make a profit”
Defining Entrepreneurship
Ent
https://en.wikipedia.org/wiki/Entrepreneurship
- Gigantic Payoff- Huge Flexibility- Much Respect- Feed People (Help Society)- Can Fulfill Dreams
Some Successful Entrepreneurs:- Mian Mansha- Bill Gates- Malik Riaz- Steve Jobs- Mark Zuckerberg
Why Entrepreneurship
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Tasks
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Heavy Weight PM
Light Weight PM
Lead Time
Shareholders
Value Addition
Craft Production
Organogram
Long Term
Projects
Assembly line
Productivity
Outsourcing
Material Flow
Training
HSE
Functional Managers
Facility Layout
Vendor Management
Learning for Today
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Lecture 02Dated: 12th of Feb, 2016
1. Entrepreneur’s Personality Traits2. Aspect of Entrepreneurial Process3. Glossary of Entrepreneur
Content:
P- Effectuation- Cognitive Adaptability- Learn from Failure- Risk Taker- Challenge Taker- Can Carry and Cope with Uncertainty- Love Independence- Like Flexibility- Are Ethical
Personality Traits of Entrepreneurs
1. Identify & Evaluate the Opportunity2. Develop Business Plan3. Resources Required4. Manage the Enterprise
Aspect of An Entrepreneurial Process
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Lead Time
Shareholders
Value Addition
Craft Production
Organogram
Long Term
Projects
Assembly line
Productivity
Outsourcing
Effectuate
Training
HSE
Functional Managers
Facility Layout
Vendor Management
Learning for Today
LEFT BLANK INTENTIONALLY
Lecture 03Dated: 18th of Feb, 2016
1. Proactive and Reactive Approach2. Business Ethics? What? Why? Ethics of Entrepreneur Vs Manager3. Glossary of Entrepreneurship
Content:
PProactive:- Far Sighted Outlook- Want to Avoid the Problems- Already Jotted Down the Solutions for Problems if Arise
Reactive:-Solution Follows after Problem Appears-Short Sighted Outlook-Can Give More Loss/Damage-May Uncontrollable Loss
Proactive Vs Reactive Approach
PEntrepreneurs:- Fair Use of Resources- Liable to more Stakeholders- Damage to Stakeholders and Shareholders more if Unethical Managers:-Less Ethical Responsibility-Ownership can enhance Ethics for Managers
Business Ethics of Entrepreneurs Vs Managers
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Craft Production
Proactive
Self Efficacy
Assembly line
Productivity
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
Vendor Management
Learning for Today
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Lecture 04Dated: 19th of Feb, 2016
1. Advice on EntrepreneurshipClick Here
2. Passion3. New Entry
Sustainable Competitive Advantage
4. First Mover Advantage and Disadvantage5. Glossary of Entrepreneurship
Content:
PProactive:- Far Sighted Outlook- Want to Avoid the Problems- Already Jotted Down the Solutions for Problems if Arise
Reactive:-Solution Follows after Problem Appears-Short Sighted Outlook-Can Give More Loss/Damage-May Uncontrollable Loss
Proactive Vs Reactive
New Entry
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
Learning for Today
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Lecture 05Dated: 25th of Feb, 2016
1. New Entry2. Should We Exploit New Entry or Not?3. First Mover Advantage and Disadvantage4. Glossary of Entrepreneurship
Content:
New Entry
1. Should We Exploit New Entry or Not?1. IS WINDOW OF OPPURTUNITY STILL OPEN?2. LEVEL OF INFORMATION ON NEW ENTRY (SOM, UNTAPPED MARKET,
MARKET NICHE)3. EXAMPLE: MOTOR BIKE SOM CALCULATION
Exploit New Entry or Not?
1. First Mover Advantage and Disadvantage1. PROS: LESS RIVALERY, LOCK CUSTOMERS/CHANNELS/PLACES, EXPERTISE2. CONS: HUGE ADS COSTS, UNCERTAIN CUSTOMERS, SCALABILITY ISSUES
First Mover Pros and Cons
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
Learning for Today
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Lecture 06Dated: 25th of Feb, 2016
1. Sources of New Ideas2. Trends3. Glossary of Entrepreneurship
Content:
Sources of New Ideas
- Consumers- Existing Products and Services- Distribution Channels- R and D- Federal Govt
1. Green Trend2. Clean Energy Trend3. Organic Orientation Trend4. Economic Trend5. Social Trend6. Health Trend7. Web Trend
Trends
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Learning for Today
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Lecture 07Dated: 3rd of March, 2016
1. Methods of Generating New Ideas2. Innovations3. Glossary of Entrepreneurship
Content:
Methods of Generating New Ideas
- Focus Groups- Brainstorming- Brain writing- Problem Inventory Analysis
1. Break Through Innovations2. Technological Innovations3. Ordinary Innovations
Innovations:
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Learning for Today
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Lecture 08Dated: 4th of March, 2016
1. Consumption Pattern2. Continuum for Classifying New Products3. New Product Classification System4. Glossary of Entrepreneurship
Content:
Consumption Pattern
Continuum for Classifying New Products
New Product Classification System
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Learning for Today
LEFT BLANK INTENTIONALLY
Lecture 09Dated: 11th of March, 2016
1. Industry and Market Info Sources in Pakistan2. International Vs National Vs Domestic Market3. Technology Environment Culture4. Glossary of Entrepreneurship
Content:
1. SMEDA.ORG2. FBR.GOV.PK3. PEC.ORG.PK4. LCCI.COM.PK5. LBS.GOV.PK6. GOOGLE7. BUSINESS RECORDER
Market and Industry Info Sources in Pakistan
Motivation For Going Global
1. Social Structure2. Religion3. Political Philosophy4. Economic Environment5. Education6. Manners and Customs
Technology Environment Culture
Technology Environment Culture
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Learning for Today
LEFT BLANK INTENTIONALLY
Lecture 10Dated: 11th of March, 2016
1. Business Opportunity Recognition2. Product Life Cycle3. Cannibalize4. ECOMMERCE5. Glossary of Entrepreneurship
Content:
Business Opportunity Recognition
Product Life Cycle
1. WHEN A NEW PRODUCT START WATING EXISTING PRODUCT SALESIN THAT COMPANY2. WHEN A NEW PRODUCT WHICH IS MEANT FOR DIFFERENT MARKET
SEGMENT BUT START ATTACTING THE SEGMENTS OF EXISTING PRODUCT IN ANY COMPANY
Cannibalize
- Websites- Search Engine Marketing (SEO, SEM, Google Maps, Google+)- You Tube- Facebook Ads- Blogging- Facebook WebPages- Mass Emailing Products/Services to Customers
E-Commerce
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Learning for Today
LEFT BLANK INTENTIONALLY
Lecture 11Dated: 17th of March, 2016
1. Intellectual Property2. Businesses Need Lawyers3. Patents4. Trademarks5. Copyrights6. Licensing7. Glossary of Entrepreneurship
Content:
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Licensing
Copyrights
Trademark
Patent
Learning for Today
LEFT BLANK INTENTIONALLY
Lecture 12Dated: 18th of March, 2016
1. OPEX2. CAPEX3. BREAK EVEN ANALYSIS4. VARIABLE COST ANALYSIS5. Glossary of Entrepreneurship
Content:
1. OPEX IS OPERATIONAL EXPENSE IN FIRMS LIKE UTILITY BILLS, RAW MATERIAL EXPENSES, TRANSPORTATION CHARGES, SALARIES, ETC
2. CAPEX IS INVESTMENT IN ASSEST LIKE LAND, MACHINERY, INTELECTUAL PRPERTY, ETC FOR FUTURE RETURNS
OPEX AND CAPEX
BREAK EVEN ANALYSIS
Glossary of Entrepreneurship
Entrepreneur
High Return
Leadership Skills
Risk Taker
Employer
Costs
Flexibility
Window of Opportunity
Has No Boss
Innovation
Risk Averse
Venture Capitalist
Stakeholders
Uncertainty
Cognitive Adaptability
Quick Learner
Loss Orientation
Shareholders
Value Addition
Market Knowledge
Proactive
Self Efficacy
SOM
New Market
Perceptions
Effectuate
Connections
HSE
Role Model
Strategy
DifferentiateProduct Maturity
New Entry
Switching Costs
Lead Time of First
Mover
First Mover
Market Niche
Effectuate
Strategy
Licensing
Copyrights
Trademark
Patent
Learning for Today
LEFT BLANK INTENTIONALLY
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