Entrepreneurial Opportunity - Essay

Added on - 22 Nov 2020

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EntrepreneurialOpportunity Essay
Table of ContentsINTRODUCTION...........................................................................................................................1ENTREPRENEURIAL THEMES...................................................................................................3BUSINESS IDEA DEVELOPMENT.............................................................................................4CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONMy business idea is related with information technology, named 3D video calling. Theidea is generated to provide 3D effects in video calls so that video chat users can actually lookbehind the people they are talking to.As time has changed if we compare there has been lot of variations technology whichwas in past and in modern era. For example: Now a days' people are using 3D technology but infuture there can be some better options which an individual or company can adopt advancedtechnologies like 5D, 7D etc., for improving its sales and profitability in a speculated time frameAccording toStam, W, (2014)an entrepreneur is considered as a person who develop abusiness plan with the purpose of gaining maximum benefits and establish themselves in themarket area for a longer period of time. Further moreStam, W, (2014), explains thatentrepreneur is a person who work with the combination of passion and innovation which assistthem in making effective strategies and implementing new ideas and thoughts into their businessoperations.The concept of entrepreneur and entrepreneurship is totally different former are the onewho are business leaders and latter is considered as the activities and actions performed by thatindividual. As a result by adopting this software and technology customers can experience thereal life feeling by talking through any digital tool.In this present assignment, I am going to describe and analyse my new business ideas andits implication as a new opportunity for my venture in present market scenario.3D effect is a three dimensional stereoscopic film that enhances illusion of depthperception. In this fastest growing world, everyone wants to be digitalise and acquire latesttechnology which can give them luxurious experience to get connected with their families andrelatives. This innovation will be applied in mobile phones and help out those people who livesafar from their families and cannot meet with them for long term. From past years, people areexpecting that the feature will come up which can detect distance between Camera and subject.Lack of innovations and expertise, it cannot be possible. By using this features in video callspeople will get happy and feel emotions of their loved ones while calling. Thus, 3D effective invideo calling will play a much bigger role in business, as large vendors incorporate these featuresinto their biggest products.1
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