Analyzing Entrepreneurial Opportunities for D1 Surveillance - Report

This report provides a comprehensive analysis of entrepreneurial opportunities, focusing on the case of D1 Surveillance and its potential venture in manufacturing CCTV scanners. It explores various sources of entrepreneurial ideas and innovations, including market gap analysis, STEEP analysis, and Peter F. Drucker's elements for generating unique business ideas. The report examines the rationale behind the entrepreneurial idea, emphasizing the market gap and the importance of data collection through primary and secondary sources. It presents data interpretation, SWOT analysis, and an evaluation of competitiveness within the market environment. The analysis also includes Porter's five forces model to assess potential growth. The conclusion highlights the significance of identifying entrepreneurial opportunities for business growth and success, referencing relevant literature to support the findings.

Identifying Entrepreneurial
Opportunities

Table of Content
• Introduction
• Different sources of Entrepreneurial ideas and innovations
• Rationale and the market gap for a specific entrepreneurial idea
• Gap analysis and its Evaluation
• Interpretation of Data
• SWOT analysis to assess the entrepreneurial idea
• Evaluation of competitiveness as well as market environmental
• Conclusion
• References

Introduction
Entrepreneur is the act of creating a business which is helpful for the
corporation to earn higher profits. To become an entrepreneur it requires a
unique business idea which is needed to implement to get success. Millions
of people are getting employment opportunities through it. To better
understand this concept D1 surveillance has chosen which is a new venture
& wants to manufacture CCTV scanner.

Different sources of Entrepreneurial ideas
and innovations
There are various sources through which an individual can inspired to
think innovation in order to generate new idea which help to start new
venture. Hobbies, past experience, observation and market gap analysis
can be motivate a person to think innovative & start new business.

Different sources of Entrepreneurial ideas
and innovations
There are various sources through which an individual can inspired to
think innovation in order to generate new idea which help to start new
venture. Hobbies, past experience, observation and market gap analysis
can be motivate a person to think innovative & start new business.

Cont...
There are some other aspects given below as -
Business idea
Potential consumers
Target audience

Cont...
With a specific end goal to figure out where are opening is accessible, an examination of
STEEP analysis can be possible.
Social factor
Technological factor
Economic factor
Environmental factor
Political factor

Cont...
Peter F. Drucker has introduce some elements which are helpful to set out unique ideas in
order to get success in business and D1 Surveillance can use this to capture more
market share within specific time period.
 Incongruity
 Process need
 Industry & market structure need

Cont...
 Demographics
 Change in perception
 New knowledge
 Unexpected

Rationale and the market gap for a
specific entrepreneurial idea
Market gap is a situation where corporations does not able to fulfil the
demands of consumers with its products or services. This situation has
also occurs when demand and supply are matching. It is a good
opportunity an organisation to analyse the market gap and produce
those products to the consumers which can fill this gap as a result
company can generate higher by capturing high market share.

Cont...
There are various points which are mention below and helpful to achieve business idea and
such as:
Business idea
Creative idea
Behaviour segmentation
Geographic segmentation
Present situation
Future possibilities

Gap analysis and its Evaluation
Data collection is a technique in which data are collected through different
sources and it is helpful to conduct research and it involves:
 Primary data
 Secondary data