ENTREPRENEURSHIP AND INNOVATION 7 Running Head: Entrepreneurship and Innovation
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James Cook University Australia
Strategic Entrepreneurship (BX3173)
Added on 2020-03-02
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BX3173 - The following paper is based on Entrepreneurship and Innovation. The paper majorly focuses on the place of entreprenuers in organizations. At present, in each sector of every industry which includes both the levels of small and corporate businesses, the entrepreneurs are considered as the motivating force in economy for expansion and improvements. The selected organizations for the assignment are Jio Technology, Frontier, Bettle Express, Agrivo Myconscience, etc
ENTREPRENEURSHIP AND INNOVATION 7 Running Head: Entrepreneurship and Innovation
James Cook University Australia
Strategic Entrepreneurship (BX3173)
Added on 2020-03-02
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Running Head: ENTREPRENEURSHIP AND INNOVATION 1Entrepreneurship and innovation<Student ID><Student Name><University Name>
ENTREPRENEURSHIP AND INNOVATION2ContentsIntroduction......................................................................................................................................3Jio Technology.................................................................................................................................4Frontier............................................................................................................................................5Bettle Express..................................................................................................................................6Agrivo Myconscience......................................................................................................................6Zalora...............................................................................................................................................7Astroscale........................................................................................................................................7Ninja Van.........................................................................................................................................8NSEIT..............................................................................................................................................8Trade Hero.......................................................................................................................................9Sherelt..............................................................................................................................................9
ENTREPRENEURSHIP AND INNOVATION3Introduction In the past years, entrepreneurship has gained momentum and has become one of the fastestexpanding and developing fields in the modern settings of economics. At present, in each sectorof every industry which includes both the levels of small and corporate businesses, theentrepreneurs are considered as the motivating force in economy for expansion andimprovements. One can definitely argue that there are insufficiency of confirmed associationsbetween the recognized theories of modern business and the place of entrepreneurs in theorganizational and economy strategy with such recognitions. A major part of theentrepreneurship includes recognition of business opportunities and analysis of feasibility of thebusiness opportunities. Industries face increased competition and a very fast altering industrialenvironment (Azarloo, et al., 2017). These characteristics in the industrial environment providenew and innovative opportunities in entrepreneurship and the innovative insights which mayenable the companies to keep with the advances of technology and respond to the new needs ofthe market. The key activity of entrepreneurship not only involves the introduction of a newproduct through innovation of product but also the recognition of new opportunities and marketslike the needs of the customers. Innovation and recognition of opportunities include the processof creating new ideas and identifying new opportunities in the market (Chatterji, Glaeser & Kerr,2014).Venture capital is a specific kind of finance that is well appropriate to the requirements of theinnovative technology based companies. The amalgamation of the development and research,negative earnings, intangible assets, absence of track record that is proven and uncertainprospects that are characteristics of the pre-commercial and start-up initiatives, which wouldlead to a very high extent of risk for the traditional companies. Venture capital relates to theconsequent gap in the finances of any economy through the equity participation. Venture capitalhas emerged as a new and innovative method for financing during the twentieth century(Criscuolo & Wilson, 2013). Venture capital can be denoted as the capital which is provided bythe companies of professionals who happen to invest along with the management in rapidlygrowing and evolution companies which appear to have [potential for high development.Venture capital is an effective form of equity financing specially structured for funding highreward and risky projects. There is a traditional perception of the venture capital is a mode offinancing projects that involve high technologies. However, the actual venture capital refers to
ENTREPRENEURSHIP AND INNOVATION4the investment of finance for long term made in ventures that seek into harnessing thetechnologies which are commercially proven or the ventures which are promoted byprofessionally or technically qualified but by not proven by entrepreneurs. Venture capitals arealso made in the ventures that involve high risks (Drucker, 2014). Venture capital denote to thefinancial investment in a project that has high extent of risks with the objective of earning a hugereturn rate. Venture capital can be identified to have consistent cycle of demand and supply. Jio TechnologyTelecommunication industry has been one of the most rapidly emerging sectors which havefaced huge evolution in the last decade. India is currently the second largest market oftelecommunication in India which is still growing. The economy of mobile in India is growingvery rapidly and is adding significantly to the GDP of India. The telecommunication marketprovides an excellent opportunity for the providers of networks form the exogenous and nativeplayers. Jio came up with the idea to cater huge revenue in the sector of Indian telecom byproviding high quality services at a very affordable and cheap price. The evolution andintroduction of Jio technology has proved to be a great opportunity in business in thetelecommunication sector and not just a simple idea as it has the market expansion scope forbeing the biggest network provider of 4G services coverage all across the country including 22circles of telecom in India. The introduction of Jio technology has been a great businessopportunity as it has the potential to provide bets services at a very less price as compared toother mobile operators. Jio technology is regarded as the largest startup in the world with aninitial investments of Rs 1,50,000 crore which is structured to provide free voice calls andservices of 4G internet at Rs 50 per GB (Gonçalves, et al., 2016). In this country the populationof around 1.2 billion, there are around 212 million users of smart phones existing. This sort ofhuge market is still untapped which acts as a great market opportunity for the Jio Technology tobe successful. The target market for the Jio technology is the Indian mass which covers 120million users who are currently provided with Lyf 4G services. Further the company wouldacquire whole new groups of customers. Due to the high speed internet services has been easingthe implementation along with smooth experience regarding use of internet. All of thistechnological benefit is being provided to the customers at a very affordable infact cheapestprice. This enables the customers to use the services form Jio technology. Apart from the
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