Entrepreneurial Opportunity Report: Analysis and Development Plan

This report delves into the concept of entrepreneurial opportunity, focusing on the value proposition and strategic development plans for a consulting business, specifically Atos Consulting. It explores the significance of entrepreneurial spirit and how it can drive organizational growth. The report analyzes key entrepreneurial opportunities such as quality products, innovation, diversification, different market entry, skilled employees and effective investments, emphasizing their role in enhancing customer satisfaction, increasing market share, and fostering sustainable business performance. Furthermore, it critically examines various entrepreneurship themes, including the importance of learning from mistakes and seizing opportunities, and how these themes can be applied to formulate effective development plans. The report underscores the need for entrepreneurs to adopt a proactive approach, learn from past errors, and capitalize on market opportunities to ensure organizational success and achieve its goals.

Entrepreneurial opportunity

Table of Contents
Entrepreneurial opportunity.............................................................................................................1
INTRODUCTION...........................................................................................................................1
Task 1 - Introduction to the entrepreneurial opportunity/idea and its value proposition. ...............1
2. Entrepreneurship Themes...................................................................................................3
3. Development plan based on the chosen development themes............................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Books and Journals.................................................................................................................8

INTRODUCTION
This report includes the study regarding the Entrepreneurial Opportunity, idea and its
value preposition. The source of Entrepreneurial Opportunity is a significant issue for
understanding how an organisation function and come into existence. The objective of the study
is to improve the understanding of Entrepreneurial opportunity its importance and methods. The
report includes presentation of client entrepreneurship themes and the development plans for
client idea based on various development themes (Kuratko,2016). Present report will provide a
learning in regard to entrepreneurial concepts adopted by the Atos Consulting. It will provide
learning in respect to diverse Entrepreneurial opportunities. It promotes the opportunity to attract
more and more customers by providing products of great quality.
Task 1 - Introduction to the entrepreneurial opportunity/idea and its value proposition.
Entrepreneurship is the starting of a business or organisation using own creative or
innovative mind. Entrepreneurship is completely different from innovation as Innovation refers
to a desirable change or modification in an operation or product and function of an organisation
whereas Entrepreneurial opportunities is a chance to start the operations and functioning of an
organisation as well it can even bring change to the entire working manner or style of an
organisation(Drucker,2014). Entrepreneurial opportunities can be attained by an entrepreneurial
spirit in an entrepreneur. There various opportunities for an entrepreneur of a Atos Consulting
for the growth and development of the organisation in the market and stabilizing the fluctuating
economy of the organisation.
Entrepreneurial Opportunities and ideas
 Quality Products - Products with improved quality will help entrepreneurship firm to
grow in the market. These businesses are started on the tiny note so they can provide
effective and good quality products to their customers. Atos Consulting have the
opportunity to attract more and more customers by providing products of great quality.
Quality products develops the customer satisfaction. This may help them to increase their
sales and revenue. Profits received by the entrepreneurship firm can be used in future
development of the organisation. Maintaining quality of the products is necessary and
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value proposition for any entrepreneurship firm. It increases the value for organisation
among the customers.
 Innovation- Entrepreneurship firms are strictly based on the innovation. They can
generate effective ideas which can develop innovation within the Atos Consulting. This
helps them to maintain sustainable business performance in the market. Innovation may
help the organisation to gain some competitive advantages among their competitors. This
may seek the attention of customers and will increase sales of Atos Consulting. Revenue
generated from the sales can be used for future innovation and development of the
organisation. Innovation is the key to increase the entrepreneurial opportunities. It can
increase the value proposition of the firm and make the more reputed among their
customers(Nielsen and et.al. ,2017).
 Diversification- The new firm can bring diversification in their products after entering
the market. Diversification helps in attracting new customer to the organisation. This will
also lead to increase in the sales. Customers will be satisfied by getting product of their
need and desire. Diversification is practised by proper research about the needs and
preferences of the customers. It makes the customers satisfied and happy. It increases the
market share of the Atos Consulting because of providing wider range of the products
and services.
 Different markets- Entrepreneurship firm have the opportunity to lead the different
markets by using their innovative and creative ideas in the business operations. Entering
different markets will increase their market share compared to their competitors. This
helps an Atos Consulting to gain many competitive advantages. This will also bring the
attention of many new customers towards them. Entering different markets may help in
expanding the business and will enhance the sales and revenue of the entrepreneurial
firm.
 Skilled employees- Entrepreneurship organisation can hire various new and skilled
workers in their organisation. It will help them to enhance their efficiency. Efficient
workers assist the Atos Consulting to improve or increase the performance. This finally
leads to the satisfaction of all customers. Skilled employees will also help in knowing the
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needs and demands of the customers as they can instantly interact with them
(Suddaby,Bruton and Si,2015).
 Investments- Atos Consulting can invest in various businesses effectively and in a same
period with the help of effective management. Entrepreneur has the skills and knowledge
to manage the whole organisation with the help of skilled employees. This can help the
organisation in making investments in more than one business. These investments can
help the organisation to generate profits which can be used in the future development of
entrepreneurship firm.
The above entrepreneurial opportunities or idea can be implemented on the consultancy
business which is deal in managing human resource. As if the firm will hire the quality
candidates for clients will have lees burden on their organisations. The wages and salaries will
be more and the output from these employees create huge loss for Atos Consulting. As it is
important for the consultancy business to implement the proper idea of their business in which
they can easily get better growth and development in market. These opportunities gain the value
proposition for the organisation. It helps them to gain a good reputation among their customers.
This increases the market share of the entrepreneurship firm among their competitors. Having
some competitive advantage is very essential and it can be obtained through the Entrepreneurial
opportunities and ideas.
2- Critical explanation about entrepreneurship themes.
There are various entrepreneurship themes which can be adopted by an Atos Consulting
in order to improve the performance and generate the revenues as well as market share within
the market. These themes also helps in obtaining various competitive advantages(Bhachu,2017).
These Entrepreneurship themes are essential for the functioning and success of an organisation.
The different Entrepreneurship themes are listed below-
 Do not listen to any negative comment.
 Be the Initiator.
 Think for the betterment of the employees
 Helping others
 Learn from others
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 Do not stop until the goal is achieved.
 Set new objectives.
 Maintaining healthy relations.
 Snatch the opportunities.
 Do not fear from doing mistakes.
 Developing Innovations time to time.
 Hire skilled and talented employees
 Work in a same direction for gaining experience.
 Creative use of mind.
These are the various themes of the entrepreneurship which are important for each and every
organisation to start the business and its operations. Starting a new firm or business will require
the use of these themes to develop itself and maintaining the stability in the market. Two of these
themes are as follows -
Do not fear from doing mistakes – Every organisation or business lead to some or the other
mistakes during the start up or execution of the business. This theme states that the entrepreneur
should be afraid of doing the mistakes, as people learn from their mistakes. Everything in the
start may not be perfect, organisation or business set up and execution is a complicated and not
so easy process. Atos Consulting set up and execution has many risks which need to be
considered. But in order to gain success and start a business the entrepreneur needs to take these
risks and move ahead. The Entrepreneur should not be afraid or have any fear of making
mistakes or errors as everyone does that at the start. These mistakes helps them to learn from the
experience. Gaining experience from the mistakes is very important for the entrepreneurs for the
future growth and development and the mistakes once done can be a lesson for the entrepreneur
as well as the organisation. The Entrepreneur should face the and accept the mistakes with
bravery and make plans or changes in the functions to avoid those mistakes in the
future(Burns,2014). This helps the organisation to perform in a better way in the future as the
Entrepreneur already know the consequences of the mistakes he made earlier. Making various
mistakes and errors helps the Entrepreneur to learn something new and important elements or
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aspects of the mistakes which help in gaining knowledge about the Atos Consulting functions
and the areas he need to develop his knowledge, strategies and techniques in the organisational
operations.
The “Do not fear from mistakes” theme of entrepreneurship therefore states that the
entrepreneur of an organisation should take the risk and start an organisation without any fear of
making mistakes, and furthermore, He or she should eventually learn from the mistakes or errors
he makes while executing an organisation and its operations. Mistakes will help them new things
and plans to avoid those mistakes in the future. This theme can be a motivational and inspiring
factor or element for an entrepreneur for attaining the Atos Consulting objectives.
Snatch the Opportunities – Every organisation or entrepreneur gets various opportunities in
the market for achievement of the goals and objectives. The Entrepreneur should focus on these
opportunities in the market and plan the best and effective ways to grab those opportunities.
Every organisation has many rivals or competitors in the business environment who are also
willing to grab the opportunities available in the market. In order to be ahead and attain success
the entrepreneur should ensure that his or her organisation snatch the opportunities from the
competitors before they grab it. This theme refers to winning the competition, which refers to the
garbing of various significant opportunities in the market. If the entrepreneur or the Atos
Consulting let go the opportunities available can lead to a future regret and loss of the
organisation. The opportunities are very important for each and every organisation to develop,
grow and obtain success by achieving their organisational goals. Every Entrepreneur should
make effective plans and strategies to snatch the existing as well future opportunities in the
market which can helps the organisation to grow and attain success in the business or industry.
Opportunities if gone once can be a huge loss to every organisation as they are grabbed by the
competitors to improve and develop their business which can be a threat(Alberti,2014).
This theme states the importance of grabbing the opportunities in the market available for
the success of the organisation and growing the business effectively by using the opportunities in
the best possible way before the competitors of Atos Consulting take the first step towards those
significant opportunities.
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3. Development plan based on the chosen development themes.
Each and every Entrepreneur needs to develop various plans and strategies for their
organisation or business for the growth and development of the firm. These plans and strategies
should be developed on the basis of the entrepreneurship themes which the organisation is
following. The Entrepreneurship themes set some principles and ethics for the entrepreneur to
take the right decisions and steps in the favour of the Atos Consulting. The Two themes, Do not
fear from mistakes and snatching the opportunities are important and leads to an effective
growth and development of an organisation. The Development plans consist various goals and
objectives of the organisation. It also includes the changes and modification required within an
organisation to overcome any issue or problems faced by the firm. The mistakes help in
developing plans for the future to avoid the mistakes and overcome them effectively. The
development plan also includes the plans and strategies to grab the opportunities effectively
which are available for the growth of the Atos Consulting (Gaglio and Winter,2017).
Development plan
The Development plan of an organisation includes some specific and important targets or
goals which are needed to be achieved efficiently to ensure further development and success to
the Organisation. The various targets and goals of a Development plan are as follows -
 Further Expansion – Every Entrepreneur should focus on expanding his or her
organisation in new areas or market. This helps the Atos Consulting to grow and increase
the market share with developing a re-putative image in the market. This can be ensured
by being fearless of doing mistakes and grabbing the opportunities in the market(Tseng
and Tseng,2017).
 Innovation – This is an element of a development plan. By learning from the mistakes
and errors the entrepreneur can make a development plan for the organisation and the
opportunities in the market also helps in bringing innovation through an effective
development plan.
 Range of products – The development plan on the basis of being fearless and snatching
opportunities themes of entrepreneurship themes helps in obtaining innovation and
learning which leads to the development and introduction of new range of products and
services by an Atos Consulting.
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The themes of Entrepreneurship help an organisation to build various development plans for
the growth and development in an effective manner to achieve the goals and objectives of the
firm or organisation. The Entrepreneur can develop various strategies to achieve the
organisational objectives such as -
 Recruiting Talent – Entrepreneur should focus and plan to hire talented and highly
skilled employees in their organisation. As the employees are the most important
resources of an Atos Consulting. They are one who are responsible for the proper
functioning of the business and its performance (Hunter,2015).
 Training – Training should be provided to the employees to work effectively according
to the development plan that has been created. Training helps the employees to
understand new plans and techniques to achieve the goals and objectives by improving
their performance.
 Healthy Relations – In order to implement and execute the development plan in an
organisation Entrepreneurs should build and maintain healthy relations with the
competitors in order make and implement the development plans effectively.
If the consultancy firm will provide different services than it is important to considered these
all factors to achieve organisational goals as well the clients objectives.
The Atos consultancy has set new goals and objectives for their business organisation. By
the year 2019 the company needs to achieve the desired targets such as increasing the revenue
growth, Improving the operating growth and free cash flow. The company has developed various
plans and strategies to obtain their objectives such as -
 Consolidating the service leading place and leveraging the leadership.
 Develop and maintain effective Human resources.
 Continuous participation within IT integration in-order to enhance its customer loyalty
and improve the technological abilities.
 Using the European solutions in Cybersecurity as well as Big data to uphold a great
digital growth and development.
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CONCLUSION
The study concluded that the Entrepreneurial opportunities is an important factor or
element for starting an organisation or business. The Entrepreneurial opportunities help an
individual to start an organisation and execute the business plans to achieve success and profit
based objectives. The report also states the ideas and value proposition in context to
Entrepreneurship. The brief description about the various entrepreneurship themes has been
included in the report. Furthermore, the study consist the important development plans based on
the entrepreneurship themes in an organisation.
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REFERENCES
Books and Journals
Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage Learning.
Drucker, P., 2014. Innovation and entrepreneurship. Routledge.
Alberti, F.G., 2014. Entrepreneurial growth in industrial districts: four Italian cases. Edward
Elgar Publishing.
Bhachu, P. ed., 2017. Immigration and entrepreneurship: culture, capital, and ethnic networks.
Routledge.
Nielsen, S.L. and et.al. , 2017.Entrepreneurship in theory and practice: paradoxes in play. Edward
Elgar Publishing.
Burns, P., 2014. New Venture Creation: A Framework for Entrepreneurial Start-Ups. Palgrave
Macmillan.
Suddaby, R., Bruton, G.D. and Si, S.X., 2015. Entrepreneurship through a qualitative lens: Insights
on the construction and/or discovery of entrepreneurial opportunity.Journal of Business
Venturing, 30(1), pp.1-10.
Gaglio, C.M. and Winter, S., 2017. Entrepreneurial Alertness and Opportunity Identification 3.0:
Yes, We Can Talk Empirical!. In Revisiting the Entrepreneurial Mind (pp. 359-377).
Springer International Publishing.
Hunter, M., 2015. Awareness, Affect and Application to Ethics, Personal Mastery, and
Entrepreneurial Opportunity. (Suratthani Rajabhat Journal), 1(1).
Tseng, C.C. and Tseng, S., 2017. Effects of entrepreneurial opportunity on socio-economic
development and economic competitiveness. International Journal of Business and
Emerging Markets, 9(4), pp.375-392.
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