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Contents of Entrepreneurial Opportunities

   

Added on  2020-07-23

12 Pages3285 Words443 Views
EntrepreneurshipOpportunityContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1

Section 1.................................................................................................................................1Section 2.................................................................................................................................3Section 4.................................................................................................................................5CONCLUSION................................................................................................................................8RECOMMENDATION...................................................................................................................8REFERENCES..............................................................................................................................10

INTRODUCTIONEntrepreneurial opportunities are the chances which can be more profitable for the new start-ups business or an entrepreneur who is interesting in inventing in new creation and innovation toaccomplishing need of people in marketplace more responsibly (Mainela, et. al., 2014). Thisassignment accesses various entrepreneurial possibilities available in marketplace to develop asuccessful business. This section 1 of this assignment decreases about the business idea and itsvalue proposition in marketplace to earn profit over the plan. While second section describesvarious themes of business development in order to select most appropriate and profitablethemes in action plans. While last section discusses about the development plan of enterprise inorder to act more in systemised manner and as a successful business in markets.TASKSection 1The entrepreneurship is having a multidimensional nature while working in businessenvironment. This is having an economical and innovation directional nature. This is having itsvalue in creating profitable business and carried out goals orientated activities in action.Innovators can be a good entrepreneur and convert an on-going business into highly successfulfirm. The innovator is the person who develops or invents new concepts ideas and products asper the various needs of marketplace in order to add on in the higher profitability of the firm(Alvarez Barney and Young, 2010). Inventors are the person who invents new processes, or newobjects, things in the occupational environment in order to provide new techniques andtechnologies in the world. Entrepreneurs are the person who is having ability to start a newventure and make this into a profitable business by taking higher risk and convert this intoprofitability of the firm. There is a significant relationship between innovation and entrepreneurship as thisentrepreneur realises the value of the innovators for its invention. This sometimes follow up theinnovation in their business activities while sometime this leads the innovation and come up withhigher profitability. Entrepreneurial activities largely contribute in success of the business firm.As this is having higher risk taking ability and accessibility to the various growth opportunitiesin marketplace.1

The business idea can be defined as a concept which is developed in order to gain somefinancial profits in commercial environment by offering some products and services in themarketplace. This can be defined as that the entrepreneurial business idea should be unique andinnovative in order to gain attention of higher potential customers and contribute in higherprofitability of firm (Baron and Henry, 2011). While value of the business can be described as itsimportance or significance which is provided to the customers’ needs and wants. Business ideaalso adds on in the value of marketing trends as well as to the environment and the societypeople too.The business idea developed by a management school entrepreneur is to earn highamount profit from the waste and garbage management in the operations. It is very muchimportant that an entrepreneur company with both of its idea as well as value proposition of thedeveloped concept responsibly in order to attract large numbers of target segment towardsbusiness activities. So, the defined business idea and the value proposition to the entrepreneurialventure is discussed below.The idea of business is to establish a firm operationally working for collection of garbageand waste from various sources like household, restaurants, supermarket etc. and process thisraw material for electricity generation or gas generations as fuel. The company is developing anidea to achieve success through gaining advantage of entrepreneurial opportunity available in thehuge amount of household and commercial organic wastes (Short and et. al., 2010). As theEurope in an developed country so the people are frequent in their eating habits and this willleads to increase in higher amount of wastage of food, non-used food etc. which defined agrowth opportunity for the entrepreneur to convert this chance or possibility in an profitablebusiness idea.Value proposition: The Value proposition of Enterprise is to deliver a environmentfriendly approach to earn profit in business market. Another value persist in the business idea isthe firm is engaged in recycling the waste collected from various sources. This also adds value inthe profitability of the firm by adding to sustainable growth of natural environment and reducingland-filling in Europe.This is concluded that the business idea is having great value for the entrepreneur as wellas for the betterment of natural environment as well as for the customer needs. This alsocontributes in increasing energy sources in the world. The business idea of wastage management2

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