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Entrepreneurial Opportunity Assignment

   

Added on  2020-06-03

12 Pages3023 Words222 Views
Design and Creativity
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Entrepreneurial Opportunity
Entrepreneurial Opportunity Assignment_1

Table of ContentsINTRODUCTION......................................................................................................................31)entrepreneurial opportunity/idea and its value proposition ...............................................42) Critical explanation about entrepreneurship themes.........................................................53)Plan based on the chosen development themes..................................................................7CONCLUSION..........................................................................................................................9REFRENCES.............................................................................................................................9Books and journals................................................................................................................9
Entrepreneurial Opportunity Assignment_2

INTRODUCTIONThis report includes the study regarding the entrepreneurial opportunities and ideas. Thisreport explains the different themes of entrepreneurship. It explained two important themessuch as don not fear from mistakes and snatched opportunities. Snatch opportunities said thatbusiness person should be able to catch the new opportunities to improve his business. Apartfrom this report also described the importance of development plan in an organisation.Development plan includes various factors such as further expansion, innovation and range ofproducts.
Entrepreneurial Opportunity Assignment_3

1)entrepreneurial opportunity/idea and its value proposition Entrepreneurial opportunity come out at the series of individual plan with economic andsocial conditions perceived as favourable to create a new service or product.Entrepreneurship is the starting of business using own creation and innovation mind. It is defined as situations where products and service can be sold at higher price than the costof production(Suddaby and et.al.,2015. ). Enterprise sold their products at high rates to gainthe benefits and to increase the business. Entrepreneurship started by individual skills andideas. Firstly business man started small business with low employees. Entrepreneurship andinnovation is different thing. Innovation is process of changing the business structure to gainthe more benefits on the other hand entrepreneurship is the opportunity to start he operationand function. Following are the entrepreneurial opportunities and ideas:Quality products: customers are attracted by high quality products. Products withimprove quality will help entrepreneurship organisation to grow in the market.Customers choose the new and quality products. To increase the business and benefitsentrepreneurship must provide the best product(George, 2016. ). These business arestarted at small level so they can offer the effective and good quality products to theircustomers. Quality products helps businessperson to satisfy their customers.Customers satisfaction is one of the most important success key of any firm orcorporation. When customer is not satisfied with the quality of product than they willgo with other firm and organisation. Customer loyalty plays huge role in the businessso to satisfy the customers business man must provide the best quality product. Toincrease the value among the customers, entrepreneurship has to maintain the qualityof products in systematic manner. Innovation: entrepreneurship administration based on the innovation. To maintain thesuccess of business entrepreneurship always used different ideas and skills.Innovation opportunity and idea helps them to maintain sustainable businessperformance in the market. It also helps the corporation to resolve the competitorproblem(Chen and et.al., 2015.). By innovative changes, entrepreneurship can gainsome competitor advantages among their competitors. By innovation process,business person can launch new product with effective planning to improve thebusiness growth. Apart from this, it may seek the attention of customers and willimprove sales of ATOS consulting. Innovation is the important tool to increase the
Entrepreneurial Opportunity Assignment_4

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