ENTR600: Timmons Model, Australian Infrastructure Analysis Report

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Added on  2022/09/29

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This report examines the Timmons Model, a framework for entrepreneurship, and its application to the Australian Infrastructure Priority List. The analysis highlights how the model, emphasizing opportunity, resources, and the entrepreneurial team, can be mirrored in the assessment of infrastructure projects. The report discusses the benefits of the assessment framework, such as facilitating project development, and compares the model's stages to the framework's analysis of problems, option development, and market review. It also considers both positive and negative impacts, including the potential for higher growth and the importance of a strong team. The report further explores the role of angel investors within the context of the model, evaluating their impact on new ventures. References are provided for further study.
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Entrepreneurship
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Timmons model is based on the entrepreneur who draws his team to attain a high potential
venture. In this model the opportunity is found out to start the business by gathering the
resources together. In this model the personal cash of the person has been put on stake and he
takes the risk to start the new ventures. As per this model the entrepreneur will earn the rewards
for the efforts he has put on the business and the risk he has taken while financing and starting
the business.
The infrastructure of Australia plays an essential role in the economic and planning infrastructure
things. It is the independent statutory body that has to improve its productivity and economic
growth and the quality of life across the sector of the infrastructure (Faltin, 2011). The
framework has been started ion the list of the Infrastructure Priority List which considers the
projects and the initiatives to enable the proponents. There are several benefits of using the
assessment framework such as it facilitates the developments of the projects which are related to
the infrastructure.
As per the Timmons mode, the opportunities are identified by the entrepreneur and then they
start the new venture. In a similar way, the assessment framework identifies the opportunities
and the problems to develop the potential options so that high net value of the Australian
community can be set (Ding, et al., 2015).
As per the model before starting the business by the entrepreneur he has to first analyze the
opportunities in the market gather the resources, and enable to take the high risk in the new
venture. So the IPL assessment also has several steps that have to analyses them further before
evaluating the process. They have to first analyze the problem in the infrastructure and then
initiate some option developments. They also have to review the market competition and then
case business assessment.
There are certainly positive and negative impacts of this model. The positive impact is that the
business can lead to higher growth and success and the same the Australian infrastructure also.
The higher potential can be achieved through a good team which can be developed with the help
of this model. This model also manages the risk and the pressure of the people which is related to
the growth. If the Timmons model is not effective in the company then the bad team can be
created and it can spoil growth of the company (O’Hara, 2014). The great idea which has been
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developed by the entrepreneur can be wasted if the other team members are not effective. This
model helps the infrastructure framework in finding the opportunities and leading to higher
growth by putting the higher potential towards the work. This model offers the flowing boundary
for the infrastructure and also reflects the importance of the leadership quality in the business so
that the effective goals and the visions can be achieved.
Being the side of an angel investor the positive thing is that the new entrepreneur likes
investment in the business for their start up so that they can operate their business functions on
the effective way (Hellmann and Thiele, 2015). They support the new ventures so that growth
can be done. The negative things about the angel investors is that they take too much equity and
also imposed on the complicated terms who generally entrepreneurs do not like to take money
from this investors.
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References
Ding, Z., Au, K. and Chiang, F., 2015. Social trust and angel investors' decisions: A multilevel
analysis across nations. Journal of Business Venturing, 30(2), pp.307-321.
Faltin, G., 2011. Creating a culture of innovative entrepreneurship. Journal of International
Business and Economy, 2(1), pp.123-140.
Hellmann, T. and Thiele, V., 2015. Friends or foes? The interrelationship between angel and
venture capital markets. Journal of Financial Economics, 115(3), pp.639-653.
O’Hara, B., 2014. Creativity, Innovation and Entrepreneurship in Music Business
Education. International Journal of Music Business Research, 3(2), pp.28-60.
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