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Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
Edition 4ISBN: 978-0073523422Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
Edition 4ISBN: 978-0073523422 Exercise 2
Consider opportunities that have occurred to you over the past month and list them in a column. Then, describe your strong interests and passions, and list them in a second column. Finally, create a list of your capabilities in a third column. Is there a natural match of opportunity, interests, and capabilities? If so, does this opportunity appear to offer a good chance to build an enterprise? What would you need to do to make this opportunity an attractive chance to build an enterprise business?
Explanation
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Mr. X's attributes:
The different columns in the table correspond to the diverse attribute that are presented before Mr. X. They are viewed and matched to find the potential venture which could be successful and best.
Matching among the columns:
There have been significant matches between the columns mentioned above. One of the opportunities where all the three attributes can be placed and satisfied is the franchise option. There is a natural talent in Mr. X to run a business successfully. The needed resources of the franchise are at hand and the capabilities would help in the wise and tactical functioning of the business.
The building of an enterprise with the above analysis is very vital to start the venture. They show the position of Mr. X hence enabling to understand the position in the market. This can be a chance to gain hands-on experience on an established firm and also the managing techniques would be taught by the others. This interest's Mr. X so the interest level will be high and the motivation to finish the work.
To enhance this chance Mr. X can research about the rivals in that equivalent market. The brand's popularity in that area and the popularity can be understood. The team ought to be devoted and they should be in sync with the goals of the venture. There should be team work by the management and the employees to ensure even and better operation.
The different columns in the table correspond to the diverse attribute that are presented before Mr. X. They are viewed and matched to find the potential venture which could be successful and best.
Matching among the columns: There have been significant matches between the columns mentioned above. One of the opportunities where all the three attributes can be placed and satisfied is the franchise option. There is a natural talent in Mr. X to run a business successfully. The needed resources of the franchise are at hand and the capabilities would help in the wise and tactical functioning of the business.
The building of an enterprise with the above analysis is very vital to start the venture. They show the position of Mr. X hence enabling to understand the position in the market. This can be a chance to gain hands-on experience on an established firm and also the managing techniques would be taught by the others. This interest's Mr. X so the interest level will be high and the motivation to finish the work.
To enhance this chance Mr. X can research about the rivals in that equivalent market. The brand's popularity in that area and the popularity can be understood. The team ought to be devoted and they should be in sync with the goals of the venture. There should be team work by the management and the employees to ensure even and better operation.
Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
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