Entrepreneurship: From Idea to Business Launch
Topic 1: Discovering, Evaluating, and Exploiting Business Opportunities
“Entrepreneurship is the process of discovery, evaluation, and exploitation of opportunities; and the set of individuals who…”
Discovering an Opportunity
An opportunity is anchored in a product or service, which creates or adds value for its buyer or end-user. A chance to meet a market need. To perceive a possibility for a new profit.
Evaluating an Opportunity
The value, rarity, inimitability, and fit of an opportunity. Intuition,
Read MoreStrategic Business Analysis Models: Porter’s Five Forces, BCG Matrix, and More
Porter’s Five Forces (Competitive Analysis)
1. Intensity of Competition
- Numerous and balanced competitors
- Industry’s growth rate: Will it grow in the future?
- Exit barriers:
- Medium: Heavy industry with high investments.
- High: High cost structure = high intensity.
- Product differentiation:
- Medium: Brand awareness (low).
- High: High differentiation: seats, mobility, etc. (high).
2. Threat of Entry
- Reaction of established competitors:
- High intensity: Big companies can react and play aggressively.
- Medium intensity:
Construction Agents: Roles and Responsibilities
Agents of the Building
Agents of the Building: Natural persons or legal entities involved in the construction process under current law.
Promoter
Promoter: A natural or legal person, public or private, who initiates, promotes, and finances the construction works. Their duties include:
- A) Taking ownership of the land.
- B) Facilitating the documentation and information necessary to draft the project.
- C) Obtaining the building permit and/or other administrative authorizations.
- D) Subscribing to the Certificate
Corporate Budgeting, Reporting, and Transfer Pricing
Budgeting and Reporting
How Classical Budgeting Solves Corporate Management Problems
Classical budgeting addresses three key aspects of corporate management:
- Coordination: The budget serves as a roadmap to achieving objectives. It quantifies the plan and acts as a coordination tool, breaking down overall goals into sub-budgets for individual units.
- Motivation: Budgets tie performance to incentives. Employees are motivated to meet objectives through bonus payments and commissions.
- Forecast: Budgeting
Project Development: Stages, Processes, and Feasibility
What is a Project?
General Definition: A project is a design or purpose, a thought-out plan to achieve something.
Technical Definition: A project is a set of documents, calculations, and drawings that provide a comprehensive idea of what needs to be done and the estimated cost of a specific endeavor.
Project Stages
- Inception: This stage involves conceptualization, defining the project’s value proposition, assessing opportunity costs, and determining pre-feasibility.
- Execution: This stage encompasses
Motivation, Management, Leadership, and Power Theories
Chapter 6: Motivation Theories
Motivation: The process responsible for the intensity, direction, and persistence of an individual’s efforts to achieve a goal.
Maslow’s Hierarchy of Needs
- Physiological
- Safety
- Social
- Esteem
- Self-realization
Theory X
Employees inherently dislike work, avoid it when possible, and need coercion, control, or threats of punishment. They avoid responsibilities and seek guidance.
Theory Y
Work is as natural as rest or play for employees. They are self-directed and self-controlled,
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