second report

23/07/09 ( Thursday )

Creativity, business idea, and Opportunity Analysis New Ideas Resources.

Consumers should be informal supervision potential ideas and requirements. Dan officially arrange for consumers produce opinions them. While live products and services for analysis open ways to increase offers which could cause a new product or service. Further distribution channels to give members can help market newly developed products.

Idea-idea's resources new from centre Government of Files of the Patent Office contain numerous new product possibilities and product new ideas can come in response for government regulation. From Research and development is new ideas largest source is own entrepreneur “research and development” efforts. May become one formal effort connected with a current job. And a inside informal laboratory fruit a basement or garage.

Methods generate new ideas in focus groups it inside group discussion middlemen focus one way directive or free. And an excellent method for initially screening ideas and concepts. Its brainstorming allow people get turned on for creativity larger. Dan even though most ideas generated has no basis for further development, sometimes a good idea emerge. Further inventory analysis its problem analogous to focus groups and can become used to test a new product idea. Decisions must carefully evaluated as they may be no actually reflect a new business opportunity.

Creative Problem solution such as creativity is one Berjaya an entrepreneur's important property. Creativity care to decline with age, education, lack of use, and bureaucracy. And having creative potential latent a single individual can be stifled by perception, cultural, emotional, and organization factors.

Creative Problem-Solving Techniques have been lots technique among them was Brainstorming applies in creative problem and production solution creative problem idea and solution: a method to seek ideas have just concentrated on the parameter. Reverse brainstorming is one group method to seek ideas have just concentrated on negative. Brain writing is brainstorming form written and it quiet, written generation of ideas by set. Gordon method is method for new ideas grow when those individuals is unconscious problem. Checklist method is one expanded new idea further a related list of issues. Free association was one expanded new idea further a chain association associations said.

Technique further such as forced relationships is one expanded new idea by looking in products combinations. Collective Notebook Method was one expanded new idea by frequent group members recording ideas. Attribute listing is one expanded new idea by looking in the positive and negative. Big-Dream approach is one expanded new idea by thinking without constraint. Dan analyses Parameter was one expanded new idea by focusing of parameter and synthesis identification creative.

Types of Innovation occur in entrepreneur was development firsts, least innovations and set up the platform on those future innovations within one field is develop. Example was penicillin, steam engine, computer. Second was its technology not in same level scientific discovery and progress as development inventions and offer progress in products / market area. for example was personal computer, voice and text message. while third would be accustomed namely happened most frequent and usually come of market analysis and attract not technology push.

Define a New Innovation (Products or Service)

Among them was new its can become as in consumer concept, change in package or former, and Change in colors of packages. In industrial market also was products was called “new” when only slightly alterations or modifications had been made in apparently. And companies also add products to their product line that are already marketed by other companies

Opportunity Analysis plan was one opportunity analysis plan not one its business plan focus on idea and market (opportunity) to the idea. A usual opportunity analysis plan has four parts namely idea and competition description its, domestic and international market assessment to the idea, the entrepreneur and team assessment, and the measures discussion want at making policy idea for one viable business venture.

Its idea and conception was to create a prototype or schematic products.

Identify and list all competitive company in products (service) market space. Compared with at least three competitive products / most similar services in filling identified this market requirement show external sale usually opinions (USP). And entrepreneur needs to reevaluate if the idea does not have at least 3–5 unique selling propositions

The Market and the Opportunity is greeted the size and features for market.

It is market data necessarily collected for at least three years and can be done through raise as numerous secondary (printed) data as possible. While market and entrepreneur opportunity can determine if the market is big enough and suitable to ensure time and effort need to further develop a business plan and actually come in market.

Entrepreneur and Team Assessment is entrepreneurship entrepreneur and team need to be assessed. At least one person in team needs that had experience in new idea industrial area. Allow the entrepreneur to determine if he in fact are suitable to successfully move his idea to market.

The Next Steps need to be identified and included sequential order. Time and money want for needs every step would be determined. If idea cannot be self financed, when sources of capital need to be identified.

Product Planning and Development Process. Divided into five major stages

Idea stage, Concept stage, Product development stage, Test marketing stage and Commercialization.

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Use E-commerce Creatively.

Entrepreneurs start a Internet trade effort need to address similar strategic questions and tactical as any other entrepreneur. Entrepreneurs need to decide for internet run in the company operation, or external source these operations to Internet experts and another option is to use packages for e-commerce.

Tracking Customer Information is its database is activity streets Industry, Segment, and Company. While support personal marketing intended at individual customer. Necessarily arrest customer get attention with straight fight marketing habit.

Doing E-Commerce as an Entrepreneurial Company

To do business over Internet is Product necessarily sent economically and easily and Product must want a big market fruit. Company must be prepared for ship his geographical location external product own. On-line operations should take important cost reduction. Company must possess the ability to economically draw customers to its Web site.

report first

13/7/09 ( Monday )

Today I can understand learning of entrepreneurship. Specific this is for business basic business for entrepreneurship and development explore new. Specific this also made for those students no experience with academic theories and practical approach for phenomenon entrepreneurship and to describe entrepreneurship nature and process in such a way those students be intrigued with concepts, and current issues in this field.

In specific this also found 3 skills in order to be successful entrepreneurship was clever to communicate, group process and self-management. Communicate such as well articulated, presentation and publication. Group process also must be available leadership, teamwork and cooperate. While self-management was clever in time management and task, and monitor self.

I know of thinking habits in entrepreneurship. Among them was permanent, manage impulsivity, hearing with understanding and Empathy, thinking account , struggle for accuracy, question and raise problems, use last knowledge to new situations, thinking and with regard to clarity and accuracy, data collection all completed sense, create, reflect, reform, take responsible risks, discovery humor, interdependently permanent thinking and openness for continuous learning.

Specific this have rather principles for entrepreneurship. We must be involved actively in learning activities, we should learn cooperate help between one same other and had role in example assessment same in leadership, peer or self assessment.

Learning results by today bring content and process with was knowledge content, thinking process and assessment.

16/07/09 ( Thursday )

Entrepreneurship and entrepreneurial mind-set

Entrepreneurship definition was the process create something new and arrogant those risks and rewards. Have been four aspect in order to be entrepreneur today-was creation involves process, need time and effort loyalty, also involves rewards be an entrepreneur and it requires risk assumption will face.

In entrepreneurship said should know why some dream of becoming entrepreneurship. This found three low reason some wants to be entrepreneur and start own firm are because they desire become own boss, they desire to continue own ideas and would like to get reward finance.

We learn how want entrepreneurship process. Have been four level in firsts entrepreneurship was identify and evaluate opportunity have just as window of opportunity. Second stage is develop a business plan. Third stage also was determine need source such as capital. While fourth stage was manage undertaking decision.

In order to be a successful businessman we guard should know how entrepreneurs think. Among them was entrepreneurs situation might think differently when facing with a another job or environment decision. Dan gives environment nature their decision making, entrepreneurs sometimes should such as cause, be cognitive adaptable, learn from failure.

Intention to act Entrepreneurial was found entrepreneurship purposes is motivation factors which influenced individuals to continue entrepreneurship results. Possibility perception leading for an entrepreneur efficacy self. Self entrepreneurship efficacy. Confidence that a can with his victory implement entrepreneurship process. Accepted desire was the degree where one individual have one nice or unprofitable assessment of the potential entrepreneurship results.

Beside the background entrepreneur and Features is need such as education. This is because research findings show the education would be vital in an entrepreneur upbringing. This mirrored in level of education and had its role play in helping entrepreneurs serve those problems they face. Also to capacity to communicate with clear is important. Education no determine whether an entrepreneur would create a new business to exploit found opportunity.

Entrepreneur Background and Characteristics: Personal Values. Entrepreneurs diverge significantly of bureaucratic organization in industry nature, opportunism, the institution and individuality. Ethics and ethical behavior entrepreneur to be also interest. Most entrepreneurs initiate their entrepreneurial careers between the ages of 22 and 45. Other factors want to launch and manage a new effort with his victory is experience, financial assistance, and high energy level.

Further from working experience aspect is dissatisfaction with aspects at one work often motivate launch a new effort. Previous industry tech and experience is once decision important to launch is made. And experience in followers areas would be vital such as financing, product or service development, manufacturing, Development of distribution channels, preparation of a marketing plan. Experience start previous is one quite beginning good predictor companies further.

From me our study should know of role model and support system among them was role model can become parent, family members, or other entrepreneurs. Successful entrepreneurs are viewed as catalyst by entrepreneurs potential. Dan role model served in a back-up capacity as current mentors and after launching a new effort. Entrepreneurs need to establish relationships and finally early network in new venture formation process. Strength of relationship between inside entrepreneur and any individual network is dependent above frequency, level, and relationship reciprocity.

Entrepreneurship need Moral Support network of Individuals who give psychological support to an entrepreneur. Entrepreneurs need to establish a support moral family network and friends—a cheering squad. While friends can provide advice, encouragement, understanding, help. Further relatives may be strong moral support resources, especially if they also entrepreneurs.

Then for Professional-Support's network it requires entrepreneurs advice and advise establishment length new venture which could become obtained from mentors, business friends, trade association and affiliations personal. and entrepreneurial activity are grown in networks relationships interpersonal.