Analysis of Entrepreneurial Opportunity using Seven Domains Framework
VerifiedAdded on 2023/01/07
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AI Summary
This report analyzes an entrepreneurial opportunity, specifically an online business focused on handmade crafts, using the Mullin's Seven Domains framework. The introduction defines entrepreneurial opportunities and sets the stage for the analysis of the proposed online venture. The report then delves into each of the seven domains: market attractiveness (macro and micro levels), industry attractiveness (macro and micro levels), and the team's mission, abilities, and connectedness. The market analysis explores the size, growth, and attractiveness of the market, and the industry analysis examines competition, customer and supplier influence, and the potential for sustainable advantage. The team domain evaluates the team's dedication, ability to execute, and connections within the value chain. The conclusion emphasizes the importance of monitoring these domains for a successful business startup and analysis of the actual potentiality in the market.
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