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Entrepreneurship
In times of stress, uncertainty and rapid change, opportunity seeking, calculated risk taking and systematic pursuit will get entrepreneurs ahead
In partnership with
Entrepreneurship In times of stress, uncertainty and rapid change, - - PowerPoint PPT Presentation
Entrepreneurship In times of stress, uncertainty and rapid change, opportunity seeking, calculated risk taking and systematic pursuit will get entrepreneurs ahead In partnership with www.b3cmsme.org 1 Entrepreneurship Entrepreneur
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In times of stress, uncertainty and rapid change, opportunity seeking, calculated risk taking and systematic pursuit will get entrepreneurs ahead
In partnership with
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business, especially when this involves seeing a new opportunity (Cambridge dictionary)
assumes the risk of a business or enterprise (Merriam Webster Dictionary)
creators of something new, they create reality out of ideas
particularly in situations of uncertainty and risk
resources in rapidly changing environment
including accounting, finance, marketing, legal, human resources
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seeking & initiative
commitments
efficiency & quality
risks
& monitoring
networking
self-confidence
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working capital
requirements
Information seeking
Mapping of supply chain, operations & business processes
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entrepreneur intrapreneur
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SPECIFIC
MEASURABLE
ATTAINABLE
RELEVANT
TIMEBOUND
Rephrase for business continuity in face of uncertainty & change Prepares for and contributes to business continuity Considers alternative, plausible scenarios Include assumptions & provisions for mid course correction Quantifies drivers towards as well as performance itself Includes in-built contingency
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impact probability low risk medium risk high risk
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Goal Target Person in Charge Tasks/activity Progress Specifications Start Finish Plan Actual Plan Actual
RESTART Essential works for reopening and start
RECOVER Debottleneck
supply chain to re- establish earlier business REVITALIZE Systematic identification and pursuit of new business
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seeking & initiative
commitments
efficiency & quality
risks
& monitoring
networking
self-confidence
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www.b3cmsme.org
In times of stress, uncertainty and rapid change, opportunity seeking, calculated risk taking and systematic pursuit will get entrepreneurs ahead
In partnership with