Understanding the environment of the industry is most important when planting the seeds of a new business venture. The environment is defined as all elements outside the boundary of an organization including the industry, government, customers, suppliers, the financial community, and other business ventures. Discussions of Industry Dynamics and Risk Analysis In the late 1970s, Harvard Business School’s Michael Porter introduced
Read moreHigh rates of new business creation are the sign of a dynamic economy in which barriers to entrepreneurship are low. Business regulations, licensing fees, and regular renewal fees are barriers for start-ups. According to a new study prepared by the Kauffman Foundation, increasing licensing regulations in certain professions have the effect of building barriers to innovations and opening new businesses.
Read moreResearch has shown that successful entrepreneurs create visions of the future, which inspires others to get involved in the venture. As an entrepreneur leading a start-up it is important to have these discussions about “blueprinting your strategic architecture” today. Entrepreneurial success depends on the ability to think strategically, have a clear strategic vision, and achieve results quickly. Richard Siegelman, general
Read moreFREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. VALUE DRIVER #8 CREATING AND MANAGING THE NETWORKED ENTERPRISE LEARNING OBJECTIVES: – We define networked
Read moreFREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. VALUE DRIVER #5 CREATING YOUR MARKET ENTRY STRATEGY LEARNING OBJECTIVES: – We explain and define
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